Breakdown | ||||
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
1.93B | 1.73B | 1.76B | 1.79B | 1.16B | Gross Profit |
1.18B | 604.24M | 768.55M | 958.29M | 450.46M | EBIT |
327.40M | 162.95M | 714.63M | 606.79M | 121.09M | EBITDA |
736.63M | 925.31M | 1.08B | 1.35B | 760.25M | Net Income Common Stockholders |
10.10M | 252.87M | 420.06M | 628.06M | 293.38M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
306.89M | 651.95M | 673.00M | 479.69M | 140.60M | Total Assets |
4.87B | 3.68B | 3.56B | 3.36B | 2.68B | Total Debt |
180.81M | 57.23M | 75.13M | 110.02M | 261.85M | Net Debt |
-126.09M | -594.72M | -597.87M | -369.66M | 121.25M | Total Liabilities |
964.64M | 569.44M | 600.29M | 701.79M | 631.42M | Stockholders Equity |
3.81B | 3.01B | 2.86B | 2.57B | 1.99B |
Cash Flow | Free Cash Flow | |||
-116.78M | 205.47M | 421.79M | 598.07M | 230.81M | Operating Cash Flow |
714.45M | 595.80M | 724.11M | 950.64M | 491.97M | Investing Cash Flow |
-845.34M | -388.78M | -286.28M | -337.96M | -262.79M | Financing Cash Flow |
-192.51M | -211.28M | -234.23M | -278.87M | -192.06M |
B2Gold Corp. has received approval from the Toronto Stock Exchange to implement a normal course issuer bid, allowing the company to repurchase up to 5% of its outstanding shares over the next year. This move is part of B2Gold’s amended shareholder return strategy, reflecting the company’s belief that its shares may be undervalued and that repurchasing shares is a desirable use of capital, potentially impacting its market valuation and shareholder value.
B2Gold Corp. has announced an updated mineral reserve life of mine plan for its Goose Project in the Back River Gold District, highlighting a significant improvement in both indicated and inferred mineral resources. The company is on track with construction and development, aiming for first gold pour in the second quarter of 2025 and commercial production by the third quarter. The Goose Project is expected to enhance B2Gold’s production profile with an average annual gold production of approximately 300,000 ounces over the first six years, supported by improved gold grades and recovery rates. This development positions B2Gold to strengthen its market presence and offers potential benefits for stakeholders through increased production and resource conversion.
B2Gold has completed the Phase 2 expansion of the Fekola Solar Plant in Mali, which is now operational. This expansion added 46,200 solar panels, increasing the plant’s capacity to 52 MW of solar power and 27.7 MWh of battery storage. The project, which generated local employment and training opportunities, is expected to significantly reduce carbon emissions and heavy fuel oil consumption, supplying approximately 30% of the site’s electricity demand. This initiative aligns with B2Gold’s commitment to renewable energy and its goal of reducing greenhouse gas emissions by 30% by 2030.
B2Gold Corp. reported its fourth quarter and full year 2024 results, highlighting a total gold production of 186,001 ounces in Q4 and 804,778 ounces for the year, which was at the low end of its guidance range. Despite facing challenges with lower production at Fekola and higher costs, the company remains on track with its Goose Project, aiming for first gold in Q2 2025, and has declared a Q1 2025 dividend of US$0.02 per share.
B2Gold has announced promising preliminary economic assessment results for the Antelope deposit at its Otjikoto Mine in Namibia, projecting a strong economic outlook with an after-tax NPV of $131 million and a 35% IRR. This development enhances the production profile of the Otjikoto Mine, with a projected Life of Mine average annual gold production of 65,000 ounces and strengthens the company’s economic standing with a potential $185 million after-tax free cash flow at a $2,400 per ounce gold price.
B2Gold Corp. announced it will release its fourth quarter and full year 2024 financial results on February 19, 2025, followed by a conference call on February 20, 2025, to discuss these results. This announcement is a crucial update for stakeholders as it provides insights into the company’s financial performance and strategic direction, impacting investor confidence and market positioning.
B2Gold Corp. completed an upsized offering of convertible senior unsecured notes, raising US$460 million, including an additional US$60 million through an option purchase. The company plans to utilize the funds to manage its working capital and general corporate purposes, initially paying off its revolving credit facility to reduce interest expenses. Additionally, B2Gold entered into a cash settled total return swap for US$50 million of its shares to maintain economic exposure, impacting the market price of its shares and notes.