Cashflow concerns…Dividends are nearing net income…
Net income 2021 $460.8M with $168.4M of dividend payouts
Net income 2022 $286.7M with $170.6M of dividend payouts
Net income 2023 (9 months YTD) $158.9M with $140.1M of dividend payouts
During 2023 YTD:
$112.8M cash paid on extinguishment of gold stream and construction financing obligations
$557.9M cash paid / invested (net) on mining interests’ expenditures etc.
Started with $651.9M cash on Dec 31, 2022, and now has $309.5M cash as of Sept 30, 2023.
Gramalote recorded a net impairment charge of $112M!!!
How much more cash is required for Sabina / Buck construction?
What is the status of Fekola Mali (represents 53% of gold production and the biggest net income producer for B2Gold)???