Welcome to our dedicated page for B2Gold news (Ticker: BTG), a resource for investors and traders seeking the latest updates and insights on B2Gold stock.
B2Gold Corp., headquartered in Vancouver, Canada, is a prominent international gold mining company. Established in 2007, B2Gold has rapidly ascended to become one of the fastest-growing intermediate gold producers globally. The company's portfolio includes four operating mines and numerous exploration projects spread across four continents, including significant activities in Nicaragua, the Philippines, Namibia, Mali, and Burkina Faso.
B2Gold's core business revolves around the acquisition, exploration, and development of mineral properties, primarily focusing on gold deposits. This focus is evident in their four operational mines: the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia, and the Goose Project. Additionally, the company is advancing its construction efforts at the Fekola Mine in southwest Mali, which is on schedule and within budget, with production expected to commence by the end of 2017.
With an emphasis on maintaining a low-cost structure, B2Gold is well-positioned to achieve significant growth, targeting an annual gold production of approximately 800,000 to 850,000 ounces by 2018, while simultaneously reducing production costs. This strategic approach ensures the company’s financial stability and continual expansion.
B2Gold’s diverse assets also include the Gramalote and Kiaka projects, further solidifying its reputation as a leading player in the gold mining industry. The company operates without dependency on any specific purchaser, as its gold production is sold in the global market, ensuring robust revenue streams.
Recent achievements and ongoing projects highlight B2Gold’s commitment to sustainable development and operational excellence. The company's dedication to growth and innovation is evident in its increased production targets and declining costs, making it a significant entity in the global mining sector.
For more information or to contact B2Gold Corp., please visit their corporate website.
B2Gold Corp reports ongoing operations at its Fekola Mine in Mali despite a seven-day strike that began on November 29, 2024. The company maintains full mill throughput capacity and expects to achieve the lower end of its 2024 production guidance of 420,000-450,000 gold ounces. The strike follows disciplinary actions against employees involved in previous illegal activities. B2Gold continues to progress on implementing the September 2024 Memorandum of Agreement with Mali, including pending permits for Fekola Regional, which could add 80,000-100,000 ounces of annual gold production starting early 2025.
B2Gold Corp. announces positive exploration drilling results from its 2024 drilling campaign at the Goose Project in Nunavut, Canada. The company completed 25,126 meters of drilling over 68 drill holes, with a $28 million exploration budget. Key highlights include high-grade mineralization discoveries at the Nuvuyak deposit and Mammoth target, with significant intersections including 6.39 g/t gold over 28.80m at Nuvuyak and 17.45 g/t gold over 10.96m at Mammoth. The Umwelt deposit drilling confirmed high-grade gold mineralization continuity, with several holes returning higher grades than predicted. These results demonstrate potential to extend mine life and increase mineral resources at the Goose Project.
B2Gold Corp. reported Q3 2024 results with total gold production of 180,553 ounces. The company faced challenges at Fekola Mine due to delayed high-grade ore mining and equipment issues, while Masbate and Otjikoto outperformed expectations. Financial highlights include cash operating costs of $1,061 per gold ounce produced and all-in sustaining costs of $1,650 per gold ounce sold. The company reported a net loss of $634 million ($0.48 per share), mainly due to a non-cash impairment charge on the Goose Project. B2Gold maintains a strong financial position with $431 million in cash and declared a Q4 2024 dividend of $0.04 per share.
B2Gold Corp. (BTG) has announced the appointment of two new members to its Board of Directors, effective November 1, 2024. Greg Barnes, former Managing Director of TD Securities with over 30 years of mining industry experience, and Basie Maree, a 40-year industry veteran with extensive operational expertise, will join the board. Following these appointments, the Board will consist of ten members, with nine being independent. Barnes brings capital markets expertise from his role as Head of Mining Equity Research, while Maree contributes significant operational and project development experience from leadership positions at major mining companies including Barrick Gold and AngloGold Ashanti.
B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) has announced the details for its third quarter 2024 financial results conference call. The company will release its financial results on Wednesday, November 6, 2024, after North American markets close. A conference call to discuss the results is scheduled for Thursday, November 7, 2024, at 8:00 am PT / 11:00 am ET.
Participants can register for the call using the provided registration link, which will give them direct access to the conference. Alternatively, they can dial in using the toll-free number for the U.S. and Canada (+1 (844) 763-8274) or the international number (+1 (647) 484-8814). The call will be available for playback for two weeks after the event.
B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) has announced an update for the Goose Project in Nunavut, Canada. The project remains on track for first gold production in Q2 2025, with commercial production expected in Q3 2025. The estimated total Construction and Mine Development Cost before first gold production has increased by 23% to C$1,540 million. This increase is attributed to a one-quarter delay in production, acceleration of capital items, and increased logistics costs. The company anticipates annual gold production of approximately 310,000 ounces over the first full five years once in commercial production. B2Gold maintains a strong financial position with a working capital balance of $600 million and access to a $700 million revolving credit facility.
B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) has reached an agreement with the State of Mali regarding the operation and governance of the Fekola Complex. Key highlights include:
1. Expedited approval for Fekola Regional and Fekola underground exploitation permits.
2. Fekola Mine to continue under the 2012 Mining Code until 2040.
3. Fekola Regional to be governed by the 2023 Mining Code.
4. Settlement of outstanding tax and customs disputes.
5. Distribution of retained earnings to the State and conversion of its 10% ordinary share to preferred shares.
6. Expected additional gold production of 80,000-100,000 ounces per year from Fekola Regional starting in early 2025.
7. Initial gold production from Fekola underground expected in mid-2025.
The agreement provides a framework for future operations and resolves past issues, setting the stage for continued growth and development of the Fekola Complex.
B2Gold Corp. reported its Q2 2024 results, highlighting a total gold production of 212,508 ounces, including 8,267 ounces from Calibre Mining. The company faced equipment issues at the Fekola Mine, resulting in lower production but expects improvement by Q3 2024.
Total consolidated cash operating costs were $839 per ounce, at the low end of the guidance range, and all-in sustaining costs were $1,267 per ounce. The updated 2024 gold production guidance is between 800,000 and 870,000 ounces due to delays in mining higher-grade ore.
B2Gold reported a net loss of $0.02 per share due to a non-cash impairment of the Fekola Complex but adjusted net income was $0.06 per share. Operating cash flow before working capital adjustments was $192 million.
The company declared a Q3 2024 dividend of $0.04 per share. B2Gold successfully completed key construction for the Goose Project, scheduled for gold production by Q2 2025, and released a positive PEA for the Gramalote Project with an NPV5% of $778 million and an IRR of 20.6%.
B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) has announced the release date for its second quarter 2024 financial results. The results will be made public after North American markets close on Thursday, August 8, 2024. Following this, the company will host a conference call to discuss the results on Friday, August 9, 2024, at 8:00 am PT / 11:00 am ET.
Participants can register for the call using a provided link, which will give them direct access to the conference. Alternatively, they can dial in using toll-free numbers for U.S. and Canada or international numbers. The call will be available for playback for two weeks after the event.
B2Gold has announced the results of its 2024 Annual General and Special Meeting held on June 20, 2024. At the meeting, 64.75% of all outstanding common shares, totaling 845,972,994 shares, were voted.
All proposed items were overwhelmingly approved by shareholders. The eight nominated directors, including Kevin Bullock, Kelvin Dushnisky, Clive Johnson, Liane Kelly, Jerry Korpan, Thabile Makgala, Lisa Pankratz, and Robin Weisman, were elected.
Additionally, PricewaterhouseCoopers LLP was appointed as the company's auditor, and resolutions concerning the Stock Option Plan and the Advisory Vote on Executive Compensation were approved with 97.20%, 95.92%, and 96.47% support, respectively. The complete voting results are available on Sedar+.
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