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. is scheduled to release its fourth quarter and year-end 2020 financial results on February 23, 2021. A conference call will follow on February 24, 2021, at 10:00 am PDT to discuss these results. Investors can access the call via phone or webcast. B2Gold operates gold mines in Mali, Namibia, and the Philippines and has various exploration projects globally. For further details, visit the company’s website.
B2Gold Corp. announced its 2020 gold production and revenue results, achieving a record total production of 1,040,737 ounces and consolidated revenues of $1.79 billion, up 55% from 2019. Fourth-quarter production totaled 270,469 ounces, contributing to $480 million in quarterly revenues, a 53% increase year-over-year. Looking ahead, the company forecasts 2021 production between 970,000 and 1,030,000 ounces with expected cash operating costs between $500 and $540 per ounce.
B2Gold Corp. (BTG) announced a further contribution of CDN$500,000 to support community organizations in Metro Vancouver facing challenges from COVID-19, bringing its total donation for the year to CDN$1,000,000. The funds are allocated to Covenant House Vancouver, Greater Vancouver Food Bank, PHS Community Services Society, and The Bloom Group Community Services Society. This follows B2Gold's earlier donations in April 2020 and underscores its commitment to corporate social responsibility, particularly during the pandemic.
B2Gold Corp. has declared a $0.04 cash dividend per share for Q4 2020, translating to an annualized rate of $0.16. This dividend is payable on December 18, 2020, to shareholders recorded by December 8, 2020. The company aims to sustain this dividend level in future quarters, although future payments are subject to Board discretion based on various factors, including business performance and economic conditions. B2Gold is forecasted to produce between 1,000,000 and 1,055,000 ounces of gold in 2020.
B2Gold Corp. reported strong operational and financial results for Q3 2020, with gold production of 248,733 ounces, exceeding budget by 1% and representing a 17% increase year-over-year. Quarterly gold revenue hit a record $487 million, a 57% rise from Q3 2019. The company's cash flow from operations reached $301 million, up 79%. Notably, net income attributable to shareholders was $263 million ($0.25 per share). B2Gold anticipates 2020 production near guidance of 1 million ounces. The Fekola Mine's performance remained robust despite political developments in Mali, and the company is addressing COVID-19 impacts while maintaining strong liquidity.
B2Gold Corp. announced strong Q3 2020 results with consolidated gold production of 248,733 ounces, exceeding budget by 1% and up 17% year-over-year. Gold revenue reached a record $487 million, a 57% increase from Q3 2019. For the first nine months, production totaled 738,939 ounces and revenue $1.309 billion, a 56% rise. The company is on track for annual production between 1,000,000 and 1,055,000 ounces, with cash operating costs expected to remain low. B2Gold is now debt-free after paying off its credit facility.
B2Gold Corp. has announced positive exploration drilling results from the Cardinal and FMZ zones near the Fekola mine and the Mamba zone in the Anaconda area. These results extend mineralization to over 3.5 kilometers along strike, indicating potential for more gold deposits. An initial Inferred Mineral Resource estimate is expected in Q1 2021. The company has completed 33,000 meters of drilling at Cardinal and FMZ, revealing significant high-grade intercepts. An update on the Mamba zone is anticipated by the end of Q4 2020, following 90% completion of resource infill drilling.
B2Gold Corp. has successfully completed its Fekola mill expansion, increasing capacity to 7.5 million tonnes per annum, a month ahead of schedule. The company has maintained its 2020 production guidance of 1,000,000 - 1,055,000 ounces of gold and announced a cash dividend of $0.04 per share, payable on September 30, 2020. The total cash operating costs are projected between $415 - $455 per ounce. Debt repayment is on track, with $375 million repaid from a $425 million credit facility, aiming to be debt-free by late September 2020.
B2Gold Corp. (NYSE AMERICAN: BTG) announces stable operations at its Fekola Mine in Mali amidst ongoing political challenges. The mine continues to function normally, with adequate supplies secured to maintain its activities. The Fekola mill expansion is on schedule, and no operational delays have occurred due to the local situation. B2Gold expresses commitment to supporting the Malian economy, employing over 2,200 individuals—93% of whom are local. The company provided over US$37 million in salaries in 2019 and generated almost US$134 million in government revenue.
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