B2Gold Corp
TSX:BTO

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B2Gold Corp
TSX:BTO
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Price: 6.37 CAD 0.31% Market Closed
Market Cap: 8.5B CAD

B2Gold Corp
Investor Relations

B2Gold Corp. stands as a dynamic presence in the international gold mining industry, weaving its story through both its resource-rich mining operations and robust financial stewardship. Founded in 2007 and headquartered in Vancouver, British Columbia, the company has rapidly ascended from its original ventures in Nicaragua to establish mines across Mali, the Philippines, and Namibia. With a keen eye on efficiency and expansion, B2Gold focuses on the full spectrum of mining activities: from exploration and development to production and sale. This comprehensive approach enables the company to consistently optimize its operations, harnessing the economies of scale and technological advancements to bolster production while managing costs effectively.

Central to B2Gold's business model is its strategic emphasis on low-cost production. By rigorously controlling expenses, the company maintains profitability even amid fluctuating gold prices, thus ensuring steady financial health and shareholder value. The company's revenue generation primarily hinges on gold sales, a process dictated by both market prices and its prowess in extraction efficiency. B2Gold's management also prides itself on leveraging operational excellence and local expertise to navigate geopolitical challenges and build strong community relationships in its operating locales. This synergy of strategic insight and operational prowess crafts B2Gold's narrative as a formidable player in the quest for gold amidst the volatility of global markets.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Strong Quarter: B2Gold reported a strong operational and financial third quarter, with Fekola, Masbate, and Otjikoto mines all beating production expectations and delivering lower-than-expected costs.

Goose Mine Update: Goose mine achieved commercial production three months after its first gold pour, but 2025 production guidance was lowered to 50,000–80,000 ounces due to crushing and grade access delays.

Financials: Revenue for Q3 was about $783 million, and operating cash flow reached $171 million, supported by high gold prices.

Earnings Impacted: GAAP EPS was $0.01, but after adjusting for noncash derivative impacts, adjusted EPS was $0.14.

Guidance Maintained: Goose mine’s long-term production targets for 2026 and beyond remain unchanged, with ramp-up expected to reach full design capacity by year-end.

Mali Situation: Management stressed that political unrest in Mali has not disrupted mine operations and expects regional permits soon.

Balance Sheet: Company ended the quarter with $367 million in cash, with $200 million drawn from the revolver, expecting to repay most or all of it by year-end.

Key Financials
Revenue
$783 million
Operating Cash Flow
$171 million
Operating Cash Flow before Working Capital
$180 million
Earnings Per Share
$0.01
Adjusted Earnings Per Share
$0.14
Gold Sales under Prepay Obligations
66,000 ounces
Cash and Cash Equivalents
$367 million
Goose Mine 2025 Gold Production Guidance
50,000–80,000 ounces
Goose Mine 2026 Gold Production Guidance
250,000 ounces
Goose Mine 2027 Gold Production Guidance
330,000 ounces
Goose Mine Average Annual Production (First 6 Years)
300,000 ounces
Goose Mine Q4 2025 Production Guidance
45,000 ounces
Otjikoto Antelope Underground Production Potential
110,000 ounces (over mine life)
Goose Mine Q4 CapEx Guidance
$60 million
Annual Gold Production (Company-wide, 2025)
Approximately 1 million ounces
Earnings Call Recording
Other Earnings Calls

Management

Mr. Clive Thomas Johnson
President, CEO & Director
No Bio Available
Mr. Victor J. King
Senior Vice President of Exploration
No Bio Available
Mr. Michael McDonald
Vice President of Investor Relations & Corporate Development
No Bio Available
Ms. Ninette Krohnert
Vice President of Human Resources
No Bio Available
Mr. Dennis Robert Stansbury
Senior Vice President of Engineering & Project Evaluations
No Bio Available
Kevin Pemberton P.E.
Chief Mine Planning Engineer
No Bio Available
Mr. Mark Dawe
Managing Director and Country Manager of Namibia
No Bio Available
Ms. Kerry Suffolk
Treasurer
No Bio Available
Peter Gibson C.A.
Group Financial Controller
No Bio Available
Mr. Peter D. Montano P.E.
Vice President of Projects
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
Park Place, Suite 3400 - 666 Burrard Street
Contacts
+16046012962.0
www.b2gold.com