B2Gold's Q2 results showed revenue and earnings misses, but underlying mine performance was strong, with all operations exceeding production expectations and annual guidance reaffirmed. The Goose mine in Canada has begun production, diversifying jurisdictional risk and supporting future growth, while the Fekola Underground and Gramalote projects add further upside. Despite a post-earnings sell-off, the company's valuation remains unjustifiably low vs. peers, trading at a significant discount despite strong fundamentals and a robust balance sheet.
B2Gold Corp. (NYSE:BTG ) Q2 2025 Earnings Conference Call August 8, 2025 11:00 AM ET Company Participants Clive Thomas Johnson - President, CEO & Director Michael Andrew Cinnamond - Senior VP of Finance & CFO William Lytle - Senior VP of Operations & COO Conference Call Participants Anita Soni - CIBC Capital Markets, Research Division Carey MacRury - Canaccord Genuity Corp., Research Division Don DeMarco - National Bank Financial, Inc., Research Division Fahad Tariq - Jefferies LLC, Research Division Francesco Costanzo - Scotiabank Global Banking and Markets, Research Division Lawson Winder - BofA Securities, Research Division Ovais Habib - Scotiabank Global Banking and Markets, Research Division Wayne Lam - TD Cowen, Research Division Operator Thank you for standing by. This is today's conference operator.
BTG's Q2 EPS miss estimates, but revenues, gold output and margins rise sharply y/y.
![]() 5BG 11 months ago | Other | €0.04 Per Share |
![]() 5BG 11 Jun 2024 | Other | €0.04 Per Share |
![]() 5BG 6 Mar 2024 | Other | €0.04 Per Share |
![]() 5BG 1 Dec 2023 | Other | €0.04 Per Share |
![]() 5BG 20 Sep 2023 | Other | €0.04 Per Share |
5 Nov 2025 (In 2 months) Date | | 0.15 Cons. EPS | - EPS |
4 Nov 2025 (In 2 months) Date | | - Cons. EPS | - EPS |
7 Aug 2025 Date | | 0.13 Cons. EPS | - EPS |
6 Aug 2025 Date | | - Cons. EPS | - EPS |
7 May 2025 Date | | - Cons. EPS | - EPS |
![]() 5BG 11 months ago | Other | €0.04 Per Share |
![]() 5BG 11 Jun 2024 | Other | €0.04 Per Share |
![]() 5BG 6 Mar 2024 | Other | €0.04 Per Share |
![]() 5BG 1 Dec 2023 | Other | €0.04 Per Share |
![]() 5BG 20 Sep 2023 | Other | €0.04 Per Share |
5 Nov 2025 (In 2 months) Date | | 0.15 Cons. EPS | - EPS |
4 Nov 2025 (In 2 months) Date | | - Cons. EPS | - EPS |
7 Aug 2025 Date | | 0.13 Cons. EPS | - EPS |
6 Aug 2025 Date | | - Cons. EPS | - EPS |
7 May 2025 Date | | - Cons. EPS | - EPS |
Gold Industry | Basic Materials Sector | Clive Thomas Johnson CEO | XMUN Exchange | CA11777Q2099 ISIN |
CA Country | 2,212 Employees | 11 Sep 2025 Last Dividend | - Last Split | - IPO Date |
B2Gold Corp. is a prominent gold production company established in 2006, with its headquarters situated in Vancouver, Canada. The company has successfully positioned itself as a key player in the gold mining industry, operating several mines across the globe. B2Gold's operations span Mali, the Philippines, Namibia, Colombia, and further exploration and evaluation projects in Mali and Finland. The company's strategic interests in various projects, including a major stake in the Gramalote gold project in Colombia, and significant interests in Calibre Mining Corp. and BeMetals Corp., underscore its diversified asset portfolio and commitment to the mining sector.
The Fekola Mine, situated in Mali, stands as one of B2Gold Corp.'s flagship operations. This mine has significantly contributed to the company's gold production, enhancing its market position as a leading gold producer. The success of the Fekola Mine underscores B2Gold's operational excellence and ability to manage high-value mining projects in diverse geographic locales.
The Masbate Mine in the Philippines is another vital asset in B2Gold Corp.'s portfolio. As a substantial source of gold production, this mine further establishes B2Gold's presence in the Asia-Pacific region. It demonstrates the company's global reach and its prowess in managing complex mining operations in various regulatory and environmental settings.
Located in Namibia, the Otjikoto Mine is a testament to B2Gold Corp.'s diversified geographic presence and mining expertise. This operation contributes to the company's overall gold production, underpinning B2Gold's reputation as a versatile and operationally proficient gold mining company.
B2Gold Corp. holds a 100% interest in the Gramalote gold project in Colombia. This project represents a strategic asset with considerable potential to contribute to the company's future growth. The stake in the Gramalote project showcases B2Gold's commitment to investing in high-potential mining ventures that promise substantial returns and reinforce its growth trajectory.
B2Gold Corp. possesses 24% interest in Calibre Mining Corp. and approximately 19% interest in BeMetals Corp. These strategic investments reflect B2Gold's approach to leveraging opportunities within the mining sector, promoting a diversified investment portfolio. Such interests enable B2Gold to participate in a broader range of mining-related activities, enhancing its industry footprint and potential revenue streams.
In addition to its mining operations, B2Gold Corp. is engaged in numerous evaluation and exploration projects in Mali and Finland. These projects are essential components of the company's long-term strategy, aimed at ensuring sustainability and growth. Through these initiatives, B2Gold seeks to discover and develop new gold deposits, securing its future in the gold mining industry.