B2Gold Corp. ( (BTG) ) has released its Q4 earnings. Here is a breakdown of the information B2Gold Corp. presented to its investors.
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B2Gold Corp., headquartered in Vancouver, Canada, is a prominent senior gold producer with mining operations in Mali, Namibia, and the Philippines, and a project under development in northern Canada. The company reported its financial results for the fourth quarter and full year of 2024, meeting its total gold production and cost guidance while advancing several key projects.
In 2024, B2Gold achieved a total gold production of 804,778 ounces, despite challenges at its Fekola mine in Mali. The company reported a net loss due to non-cash impairment charges but maintained strong liquidity with $337 million in cash and equivalents. Among its key projects, the Goose Project in Canada is on track to begin gold production in the second quarter of 2025.
Financial highlights include consolidated cash operating costs of $889 per gold ounce, within its guidance range, and all-in sustaining costs of $1,465 per ounce. The company declared a $0.02 per share dividend for Q1 2025. Strategic projects include the Gramalote Project in Colombia and the Antelope deposit in Namibia, both showing promising potential for future production.
Looking ahead, B2Gold anticipates significant gold production increases in 2025, driven by higher-grade ore processing and the commencement of the Goose Project. The company remains focused on maximizing production from existing mines and advancing development projects, maintaining a strong financial position while exploring new opportunities.
B2Gold continues to uphold its strategy of profitable production, robust exploration, and shareholder returns, with a positive outlook on its upcoming projects and potential expansion opportunities.
