B2Gold Earnings Miss Estimates in Q3, Shares Dip on Low Y/Y Production [Yahoo! Finance]
B2Gold Corp Common shares (Canada) (BTG)
NASDAQ:AMEX Investor Relations:
b2gold.com/investors/presentation
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Source: Yahoo! Finance
The downside was led by the decrease in gold ounces sold for the company in the quarter due to lower production at the Fekola mine. BTG reported adjusted earnings per share (EPS) of 2 cents for third-quarter 2024, missing the Zacks Consensus Estimate of 5 cents. The reported figure marked a year-over-year plunge of 60%. Including one-time items, BTG incurred a loss of 48 cents per share, wider than the prior-year quarter's loss of 3 cents. B2Gold generated revenues of $448 million in third-quarter 2024 compared with the prior-year quarter's $478 million. The 29.3% increase in average realized gold prices was partially offset by a 27.5% fall in gold ounces sold in the quarter. In the September-end quarter, B2Gold recorded a consolidated gold production of 180,553 ounces, down 19.8% year over year. In the third quarter, the Fekola mine's production fell short of expectations due to the delayed access to high-grade ore, leading to reduced processing of high-grade material. Find
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BTG
News
- B2Gold's Exploration Efforts Yield Promising Results at Goose Project [Yahoo! Finance]Yahoo! Finance
- K92 mining Q3 revenue beats its estimates [BNN Bloomberg (Canada)]BNN Bloomberg
- B2Gold Announces Drilling Results from its 2024 Exploration Program at the Goose Project; Drill Results at the Nuvuyak Deposit and Mammoth Target Demonstrate Potential to Further Extend the Mine Life at the Goose ProjectGlobeNewswire
- Oil output in Canada is expected to rise until 2025 [BNN Bloomberg (Canada)]BNN Bloomberg
- Wednesday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BTG
Earnings
- 11/6/24 - Miss
BTG
Sec Filings
- 11/14/24 - Form 6-K
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- BTG's page on the SEC website