Cash Flow and Lower Production Concerns“At June 30, 2024, the Company had cash and cash equivalents of $467 million.”
In January 2024, B2Gold accepted the $500 million gold prepayment in exchange for equal monthly deliveries of gold from July 2025 to June 2026 totaling 264,775 ounces ($1,888 per ounce ($500,000,000 / 264,775 ounces)).
Without this prepayment, B2Gold would have had to borrow money on its line of credit.
This is when gold is hitting record high prices!!
Gold production is also down because of equipment issues etc.
Not a good look or outlook!