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B2Gold Corp (Canada) BTG

Primary Symbol: T.BTO

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.

B2Gold Corp (Canada) > MJS.V Detailed Fact Sheet for Review

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November 24, 2022 - 07:13 PM
81 Reads
Post# 35126630

MJS.V Detailed Fact Sheet for Review

Mine In Productin Since 2011

  • Mine License exptenedl for 10 years  Till 2031.
  • First Licensed for 5 year till 2016, Second extension 5 year till 2021, Latest extension 10 year till 2031.  No Regional or Regularity Risk.
  • Mine life till 2043 (21 Years more) so 1 more extension will be needed. History shows this will be routine.
  • Governmental Safety Inspections completed in August 12, 2021. No remaining risk .
  • Total cash costs are $654/ounce.  Gold trading at $1755/ounce

Market Cap:      88.63 Million
Cash Position: 43.30 Million
Total Debt: 0

2022 Net Income 6 months: 11.30 Million

The financial summary for most recent quarters:
June 30, 2022
Revenue:                 $16,438,676 
Net income (loss): $5,844,799  
Income per share:   0.01 

March 31, 2022
Revenue:                 $16,966,985  
Net income (loss): $5,417,860 
Income per share:   0.01 

Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers
  • Majestic first 6 months net income: 11.3 Million
  • 12 Month projected Net Income: 23.0 Million
  • 23 Million x 25 times multiple = 575 Million