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B2Gold Corp (BTG)
NYSE MKT:BTG
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.05Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -22.29%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The call presented a mix of strong financial performance and project progress, particularly with the Goose project and ongoing operations at Masbate and Otjikoto. However, challenges at Fekola and significant financial obligations in Mali posed concerns.Company Guidance
During the Q3 2024 earnings call for B2Gold, the company provided guidance indicating a strong financial position, despite challenges at the Fekola mine due to equipment delays and inclement weather. The company expects production growth at Fekola in 2025, driven by improved grades and the commencement of underground production. B2Gold remains on track to meet the low end of its revised production guidance range, with anticipated cash costs and all-in sustaining costs at the upper end. The quarter ended with $431 million in cash and cash equivalents, and an additional $500 million credit facility plus a $100 million accordion feature. Significant progress was made on the Goose project, with first gold production expected in Q2 2025, supported by a completed sealift that delivered essential construction materials. The management reiterated a commitment to sustaining growth initiatives and exploration programs, with future exploration efforts expected to intensify in Mali and around the Goose project.Strong Financial Position
The company generated $0.02 per share of adjusted earnings, with a strong average gold sales price. Cash and cash equivalents were $431 million at the end of the third quarter, with $200 million drawn on a line and $0.5 billion additional credit facility capacity.
Goose Project Progress
Significant progress was made on the Goose project, with construction on track to deliver first gold production in Q2 2025. The 2024 sealift was successfully completed, derisking future operations.
Masbate and Otjikoto Performance
Both Masbate and Otjikoto mines performed well, meeting or beating budget expectations. Masbate delivered all-in sustaining costs materially lower than guidance.
MOU with Mali Government
Completed an MOU with the state of Mali on the future economic and governance parameters of the Fekola complex, allowing the company to move forward with projects there.
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BTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $3.14 | $3.01 | -4.14% |
| Aug 08, 2024 | $2.68 | $2.40 | -10.45% |
| May 07, 2024 | $2.43 | $2.51 | +3.29% |
| Feb 21, 2024 | $2.38 | $2.31 | -2.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does B2Gold Corp (BTG) report earnings?
B2Gold Corp (BTG) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is B2Gold Corp (BTG) earnings time?
B2Gold Corp (BTG) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BTG EPS forecast?
BTG EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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