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) announced a CDN$1,000,000 donation to community organizations in British Columbia, highlighting its commitment through the More than Mining Fund. The contributions include CDN$100,000 to the Canadian Red Cross for flood relief efforts and CDN$750,000 aimed at local social issues exacerbated by the COVID-19 pandemic. Notable allocations include CDN$250,000 to the Greater Vancouver Food Bank, CDN$200,000 to Covenant House Vancouver, and additional support for organizations addressing homelessness and health care. This initiative reflects B2Gold’s ongoing corporate social responsibility efforts.
B2Gold Corp. (NYSE AMERICAN: BTG) announced on December 9, 2021, it has reached an agreement with the State of Mali regarding the Menankoto exploration permit. The new permit is expected to be issued before year-end 2021, replacing a previous one under arbitration since June 2021. The Fekola Mine, operationally unaffected by the dispute, anticipates production between 560,000 to 570,000 ounces of gold in 2021. Additionally, an updated Environmental and Social Impact Assessment for Fekola was approved, potentially increasing production by 60,000 ounces annually over the next 6 to 8 years.
B2Gold Corp. (BTG) has finalized the sale of its 81% stake in the Kiaka gold project and 90% interest in the Toega gold project, both located in Burkina Faso, to West African Resources Limited (WAF). The company received US$22.5 million in cash, 22,190,508 WAF shares, and a 2.7% net smelter return royalty from the Kiaka Project, alongside an additional potential payment of US$45 million. The Toega Project transaction yielded US$9 million cash and a similar royalty structure. CEO Clive Johnson expressed confidence in WAF's capability to advance these projects.
B2Gold Corp. has declared a Q4 2021 cash dividend of $0.04 per common share, totaling $0.16 annually. The dividend will be payable on December 17, 2021, to shareholders of record by December 8, 2021. This decision aligns with B2Gold's long-term strategy to enhance shareholder value and indicates potential for consistent future dividends. The company forecasts gold production between 1,015,000 to 1,055,000 ounces in 2021.
B2Gold Corp. (BTG) reported robust Q3 and YTD results for 2021, with total gold production reaching 310,261 ounces in Q3, exceeding budget by 7%. Consolidated gold revenue hit $511 million, driven by sales of 286,650 ounces at an average price of $1,782 per ounce. For the first nine months, production totaled 742,517 ounces and revenue $1.2 billion. Cash costs were consistent with budget, and production guidance for 2021 was raised to 1,015,000-1,055,000 ounces. B2Gold maintains a strong financial position with $547 million in cash and a $600 million credit facility available.
B2Gold Corp. (NYSE AMERICAN: BTG) will announce its third quarter 2021 financial results on November 2, 2021, after market close. A conference call for investors will be held on November 3, 2021, at 10:00 am PDT, providing insights into the company's performance. B2Gold operates mines in Mali, Namibia, and the Philippines, with projects in multiple other countries. The announcement follows its strategy of maintaining low-cost gold production.
B2Gold Corp. (BTG) has announced a binding agreement to sell its Kiaka gold project in Burkina Faso to West African Resources Limited (WAF). The deal, effective October 25, 2021, includes a cash payment of US$450,000, and further payments totaling US$90 million subject to project milestones. B2Gold will also receive a 2.7% NSR royalty on the first 2.5 million ounces of gold produced. Additionally, B2Gold is finalizing a related transaction for the Toega gold project, expected to close by November 2021.
B2Gold Corp. (NYSE AMERICAN: BTG) announced strong gold production results for Q3 and the first nine months of 2021. Q3 production reached 310,261 ounces, exceeding budget by 7%. The Fekola Mine achieved record production of 165,557 ounces. Consolidated revenue for Q3 was $511 million, at an average price of $1,782 per ounce. For the first nine months, total production was 742,517 ounces, with revenue at $1.2 billion. The company has raised its full-year guidance to 1,015,000 - 1,055,000 ounces.
B2Gold Corp. (BTG) announced a cash dividend of $0.04 per common share for Q3 2021, with shareholders of record on September 22, 2021 eligible for payment on September 29, 2021. This dividend is categorized as an "eligible dividend" under Canada's Income Tax Act. The company expects consolidated gold production between 970,000 and 1,030,000 ounces for 2021. Non-resident shareholders will face Canadian withholding taxes on dividends.
B2Gold Corp. (NYSE AMERICAN: BTG) has declared a cash dividend of $0.04 per share for Q3 2021, payable on September 30, 2021, to shareholders on record as of September 22, 2021. This amounts to an annualized dividend of $0.16 per share. The company aims to maintain future dividends at this level, subject to the Board’s discretion considering various financial and operational factors. B2Gold projects total gold production of 970,000 to 1,030,000 ounces in 2021, highlighting its strong operational performance.
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