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. (BTG) has declared a cash dividend of $0.04 per share for Q4 2022, amounting to an annualized $0.16, payable on December 16, 2022. Shareholders of record by December 7, 2022 will receive this dividend. B2Gold aims to maintain this level for future quarterly dividends, although future payments are subject to the Board's discretion based on economic conditions and company performance. The dividend qualifies as an 'eligible dividend' under Canadian tax law, with non-resident shareholders subject to withholding taxes.
B2Gold Corp (BTG) has announced its operational and financial results for Q3 2022, reporting total gold production of 227,016 ounces, with expectations for a significant increase in Q4. Cash operating costs were $824 per ounce sold, with all-in sustaining costs at $1,169. The company recorded a net loss of $23 million, or $(0.02) per share, while adjusted net income was $32 million, or $0.03 per share. B2Gold reaffirms its full-year gold production guidance between 990,000 and 1,050,000 ounces. The company remains financially robust, holding cash equivalents of $549 million as of September 30, 2022.
B2Gold Corp. announced its Q3 2022 gold production of 227,016 ounces, reaffirming its 2022 guidance of 990,000 to 1,050,000 ounces. The Fekola Mine produced 129,933 ounces despite delays from a rainy season, with expectations to increase production from higher-grade ore in Q4. The Masbate Mine contributed 49,902 ounces, consistent with its guidance. Otjikoto Mine's output was below expectations at 35,068 ounces due to developmental delays. The company maintains a robust financial position with $393 million in gold revenue for the quarter and a dividend of $0.04 per share.
B2Gold Corp. has successfully acquired Oklo Resources Limited, enhancing its landholding in Mali by 1,405 km², including the Dandoko Project. B2Gold issued 10,742,814 shares and paid approximately A$27.4 million in cash for the acquisition. The Dandoko Project holds a JORC-compliant mineral resource estimate of 528,000 ounces of gold. B2Gold plans a 161,000-meter drill program with a US$35 million budget to further develop this area. The first saprolite production is expected in Q2 2023, alongside ongoing exploration.
B2Gold Corp. announced promising exploration results from the Anaconda Area, confirming the continuity of the Mamba Main Zone's high-grade mineralization. Noteworthy drill results include hole BND_108 yielding 5.89 g/t gold over 28.70 meters, part of a broader 2022 exploration plan involving 161,000 meters of drilling, with a budget of approximately $35 million. The ongoing exploration is set to enhance the Mineral Resource estimate, with potential for significant increases in gold production at the Fekola mill. The acquisition of Oklo Resources is also expected to expand B2Gold's exploration footprint.
B2Gold Corp. (BTG) declared a cash dividend of $0.04 per common share for Q3 2022, with an annualized amount of $0.16. The dividend will be payable on September 29, 2022, to shareholders of record as of September 21, 2022. This decision aligns with the company's long-term strategy to maximize shareholder value. Future dividends will depend on various conditions including economic factors and business performance. This dividend is classified as an 'eligible dividend' under Canadian tax law, subjecting non-resident investors to withholding taxes.
B2Gold Corp. reported its Q2 and H1 2022 results, achieving gold production of 223,623 ounces (slightly above budget) and consolidated revenue of $382 million at $1,861 per ounce. Costs were favorable, with cash operating costs at $781 per ounce, and all-in sustaining costs (AISC) of $1,111 per ounce, both below budget. The company announced a dividend of $0.04 per share, offering high yields in the sector. The acquisition of Oklo Resources is expected to enhance its position in Mali. The outlook for the full year remains strong with production guidance between 990,000 and 1,050,000 ounces.
B2Gold Corp. (NYSE AMERICAN: BTG) will announce its second quarter 2022 financial results after market close on August 3, 2022. A conference call is scheduled for August 4, 2022, at 10:00 am PDT to discuss these results. The company operates gold mines in Mali, Namibia, and the Philippines, and has several exploration projects globally. B2Gold is noted for being a low-cost gold producer.
B2Gold Corp. reported strong gold production and revenue for Q2 and H1 2022. In Q2, the total gold production reached 223,623 ounces, with consolidated gold revenue of $382 million, reflecting an average realized gold price of $1,861 per ounce. The first half of 2022 saw total production of 432,988 ounces and revenue of $748 million. B2Gold remains on track to meet its annual guidance of 990,000-1,050,000 ounces and emphasizes continued strong operational performance.
B2Gold Corp. announced the voting results from its Annual General and Special Meeting held on June 22, 2022. A total of 812,572,340 shares were voted, representing 76.59% of all outstanding shares. Shareholders overwhelmingly approved all items, including the election of nine directors, with approval rates ranging from 90.43% to 99.67%. Additionally, PricewaterhouseCoopers LLP was appointed as auditor with 99.47% approval. The Advisory Vote on Executive Compensation passed with 80.36% support. Details will be filed on SEDAR.
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