B2Gold Corp T.BTO

Alternate Symbol(s): BTG

Metals & Mining Gold

B2Gold Corp. is a Canada-based gold producer. The Company has three operating mines, which include the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. In addition, the Company has an exploration and development projects in various countries, including Canada, Mali, Finland and Uzbekistan. The Company also has an interest in Back River Gold District that is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is also engaged in operating Goose Project, which is located in Nunavut, Canada.

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B2Gold Corp

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Post by Reality888on Feb 25, 2023 1:02pm

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Post# 35305235

Summary of BTO's Q4 release

B2Gold Corp. BTG reported adjusted earnings per share (EPS) of 11 cents for fourth-quarter 2022, missing the Zacks Consensus Estimate of 14 cents. The bottom line was flat year over year.

Including one-time items, the company reported earnings of 15 cents per share compared with the prior-year quarter’s 13 cents.

B2Gold generated revenues of $592 million in fourth-quarter 2022, reflecting year-over-year growth of 12%. The top-line figure was in line with the Zacks Consensus Estimate.

In the December-end quarter, B2Gold recorded consolidated gold production of 3,52,769 ounces, up 22.1% year over year. The upbeat performance can be attributed to the record quarterly production at Fekola and the strong operational performance at Masbate Mine. Total consolidated gold production for fourth-quarter 2022 was 3,67,870 ounces (including 15,101 ounces of attributable production from Calibre Mining Corp), up 20.7% from the prior-year quarter.

The company reported consolidated cash operating costs of $440 per ounce in the reported quarter, down 4.3% year over year. The consolidated all-in sustaining costs (AISC) of $876 per ounce were 3.8% more than the prior-year quarter.

B2Gold Corp Price, Consensus and EPS Surprise

B2Gold Corp price-consensus-eps-surprise-chart | B2Gold Corp Quote

For the October-December quarter, the total cost of sales was $332 million, up 19.4% year over year. The gross profit improved 4.8% year over year to $260 million. The gross margin contracted to 43.9% in the reported quarter from the prior-year quarter’s 47.1%.

The operating income in the reported quarter was $232 million compared with the prior-year quarter’s $237 million. The operating margin was 39.2% compared with the year-ago quarter’s 45.1%.

Financial Position

B2Gold’s cash and cash equivalents were $652 million at the end of 2022 compared with $673 million witnessed at the end of 2021. The company generated $596 million in cash from operating activities in 2022 compared with $724 million in 2021. The company’s long-term debt was $41.7 million at the end of 2022, down from $49.7 million at the end of 2021.

2022 Performance

B2Gold reported an adjusted EPS of 25 cents in 2022 compared with 37 cents reported in the prior year. Earnings missed the Zacks Consensus Estimate of 27 cents. Including one-time items, the bottom line was 24 cents per share, down from 40 cents in 2021.

Sales were down 1.7% year over year to $1.73 billion. The top line was in line with the Zacks Consensus Estimate.

Outlook

B2Gold expects 2023 total gold production guidance between 10,00,000 and 10,80,000 ounces which includes 60,000-70,000 attributable ounces from Calibre. Total consolidated cash operating costs are projected between $670 and $730 per ounce. Total consolidated AISC is anticipated between $1,195 and $1,255 per ounce.