The earnings call conveyed strong operational and financial performance, with significant milestones achieved at Goose Mine and positive developments in Mali. However, there were timing issues with gold sales and increased capital expenditures. Despite these challenges, the company remains optimistic about meeting annual guidance.

Company Guidance -

Q3 2025

During B2Gold Corporation's second quarter 2025 financial results conference call, President and CEO Clive Johnson highlighted a robust performance across their operations, particularly at the Fekola, Masbate, and Otjikoto mines, where production exceeded expectations, leading to reduced cash operating costs per ounce. The company marked a significant milestone with the inaugural gold ore at the newly constructed Goose Mine, expecting commercial production ramp-up by September 2025. In terms of financial performance, CFO Michael Cinnamond reported basic and adjusted earnings per share of $0.12, with operating cash flow before working capital adjustments reaching $301 million. The company's balance sheet remains strong, with $308 million in cash and cash equivalents and an undrawn revolving credit facility of $800 million. B2Gold reiterated their 2025 production guidance, expecting to produce between 970,000 and 1,075,000 ounces, with Goose projected to contribute 120,000 to 150,000 ounces. The call also noted lower-than-expected cash cost guidance for their three operating mines, now forecasted to be between $740 and $800 per ounce, reflecting a positive adjustment from previous guidance.

Successful Gold Production and Cost Management

Fekola, Masbate, and Otjikoto mines exceeded production expectations, resulting in lower-than-expected cash operating costs per ounce. Cash cost guidance range has been reduced to $740-$800 per ounce, down from $835-$895.

Goose Mine Milestone

Celebrated the inaugural gold ore at the newly constructed Goose Mine. The mine is expected to reach commercial production rapidly by September 2025.

Positive Developments in Mali

Received approval for underground operations at Fekola in Mali, signaling strong cooperation with the Malian government.

Strong Financial Performance

Operating cash flow before working capital adjustments was $301 million. The company maintains a strong balance sheet with $308 million in cash and a full $800 million available on the revolving credit facility.

Gramalote Feasibility Study

Announced positive results from the Gramalote feasibility study, demonstrating a meaningful production profile and positive project economics.

B2Gold (TSE:BTO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:BTO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.23 / -	0.028	―	―	―
Aug 07, 2025	2025 (Q2)	0.18 / 0.17	0.083	100.00% (+0.08)	―
May 07, 2025	2025 (Q1)	0.10 / 0.12	0.083	50.00% (+0.04)	―
Feb 19, 2025	2024 (Q4)	0.09 / 0.01	0.097	-85.71% (-0.08)	―
Nov 06, 2024	2024 (Q3)	0.07 / 0.03	0.069	-60.00% (-0.04)
Aug 08, 2024	2024 (Q2)	0.10 / 0.08	0.097	-14.29% (-0.01)	―
May 07, 2024	2024 (Q1)	0.07 / 0.08	0.138	-40.00% (-0.06)
Feb 21, 2024	2023 (Q4)	0.11 / 0.10	0.152	-36.36% (-0.06)
Nov 08, 2023	2023 (Q3)	0.09 / 0.07	0.041	66.67% (+0.03)	―
Aug 02, 2023	2023 (Q2)	0.09 / 0.10	0.055	75.00% (+0.04)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:BTO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	C$5.22	C$4.93	-5.56%
May 07, 2025	C$4.26	C$4.18	-1.88%
Feb 19, 2025	C$3.73	C$3.91	+4.77%
Nov 06, 2024	C$4.29	C$4.13	-3.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does B2Gold Corp (TSE:BTO) report earnings?

B2Gold Corp (TSE:BTO) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is B2Gold Corp (TSE:BTO) earnings time?

B2Gold Corp (TSE:BTO) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:BTO EPS forecast?

TSE:BTO EPS forecast for the fiscal quarter 2025 (Q3) is 0.23.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing