B2Gold Stock Price, News & Analysis

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) has announced it will release its fourth quarter and full year 2024 financial results after North American markets close on Wednesday, February 19, 2025. The company will host a conference call to discuss these results on Thursday, February 20, 2025, at 8:00 am PT / 11:00 am ET.

Participants can register for the conference call through a provided registration link, which will give them direct access to the conference through a calendar invitation with dial-in details and a unique PIN. Alternative dial-in options are available for U.S. and Canada (toll-free) and other international callers. The call will be available for playback for two weeks following the event.

B2Gold Corp. (BTG) has successfully completed its offering of 2.75% convertible senior unsecured notes due 2030, raising US$460 million, including the full exercise of a US$60 million option. The notes feature an initial conversion rate of 315.2088 common shares per US$1,000 principal amount, equivalent to a conversion price of US$3.17 per share.

The company plans to use the net proceeds to fund working capital and general corporate purposes, initially paying down its revolving credit facility balance. B2Gold has also entered into a one-month cash settled total return swap for approximately US$50 million of shares with one of the initial note purchasers.

The notes and related shares have not been registered under the U.S. Securities Act and are only available to qualified institutional buyers under Rule 144A.

B2Gold Corp (TSX: BTO, NYSE AMERICAN: BTG) has priced its offering of convertible senior unsecured notes due 2030, totaling US$400 million with an option for additional US$60 million. The notes will carry a 2.75% annual interest rate, paid semi-annually.

The initial conversion rate is set at 315.2088 common shares per US$1,000 of notes, equivalent to US$3.17 per share, representing a 35% premium over the current share price. The offering is expected to close around January 28, 2025.

The company plans to use the proceeds for working capital and general corporate purposes, initially paying down its revolving credit facility. B2Gold has also entered into a US$50 million cash settled total return swap with one of the initial purchasers, providing economic exposure to its shares for approximately one month.

B2Gold Corp. (BTG) has announced an offering of convertible senior unsecured notes due 2030, with an aggregate principal amount of US$350 million. Initial purchasers will have a 15-day option to buy an additional US$52.5 million in notes.

The company plans to use the net proceeds for working capital and general corporate purposes, initially paying down its revolving credit facility balance. The notes will bear semi-annual cash interest at a fixed rate and be convertible into common shares. The interest rate and initial conversion rate will be determined based on market conditions.

Additionally, B2Gold plans to enter into a one-month cash settled total return swap for up to US$50 million of shares with one of the initial purchasers. The notes will be offered exclusively to qualified institutional buyers under Rule 144A.

B2Gold Corp (TSX: BTO, NYSE AMERICAN: BTG) has announced significant changes to its shareholder returns strategy. The company is reducing its quarterly dividend from $0.04 to $0.02 per common share ($0.08 annualized), representing a 3.3% pro forma dividend yield as of December 31, 2024.

The dividend adjustment aims to increase financial flexibility during the company's organic growth phase, which includes the development of Fekola Regional in Mali, construction of the Goose Mine in Canada, development of the Antelope deposit in Namibia, and de-risking activities at the Gramalote Project in Colombia.

Additionally, B2Gold plans to implement a Normal Course Issuer Bid (NCIB) to purchase up to 5% of its outstanding shares (1,318,040,605 shares as of January 13, 2025) through various trading facilities, subject to TSX approval.

B2Gold reported total gold production of 804,778 ounces for 2024, within its revised guidance range. The company achieved strong quarterly gold revenue of $500 million in Q4 2024, with full-year revenue reaching $1.90 billion at an average realized gold price of $2,373 per ounce.

For 2025, B2Gold anticipates total gold production between 970,000 and 1,075,000 ounces, with significant increases expected in the second half of the year. This growth will be driven by higher-grade ore from Fekola Phase 7, contributions from Fekola Regional starting mid-2025, and the commencement of the Goose Project by Q2 2025.

The Goose Project remains on track for first gold in Q2 2025, with total capital estimate maintained at C$1,540 million. As of November 2024, approximately 83% of total estimated cash expenditures to first gold had been incurred.

B2Gold Corp reports ongoing operations at its Fekola Mine in Mali despite a seven-day strike that began on November 29, 2024. The company maintains full mill throughput capacity and expects to achieve the lower end of its 2024 production guidance of 420,000-450,000 gold ounces. The strike follows disciplinary actions against employees involved in previous illegal activities. B2Gold continues to progress on implementing the September 2024 Memorandum of Agreement with Mali, including pending permits for Fekola Regional, which could add 80,000-100,000 ounces of annual gold production starting early 2025.

B2Gold Corp. announces positive exploration drilling results from its 2024 drilling campaign at the Goose Project in Nunavut, Canada. The company completed 25,126 meters of drilling over 68 drill holes, with a $28 million exploration budget. Key highlights include high-grade mineralization discoveries at the Nuvuyak deposit and Mammoth target, with significant intersections including 6.39 g/t gold over 28.80m at Nuvuyak and 17.45 g/t gold over 10.96m at Mammoth. The Umwelt deposit drilling confirmed high-grade gold mineralization continuity, with several holes returning higher grades than predicted. These results demonstrate potential to extend mine life and increase mineral resources at the Goose Project.

B2Gold Corp. reported Q3 2024 results with total gold production of 180,553 ounces. The company faced challenges at Fekola Mine due to delayed high-grade ore mining and equipment issues, while Masbate and Otjikoto outperformed expectations. Financial highlights include cash operating costs of $1,061 per gold ounce produced and all-in sustaining costs of $1,650 per gold ounce sold. The company reported a net loss of $634 million ($0.48 per share), mainly due to a non-cash impairment charge on the Goose Project. B2Gold maintains a strong financial position with $431 million in cash and declared a Q4 2024 dividend of $0.04 per share.