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.
B2Gold is at a pivotal growth point, with the Goose Mine launch set to boost production by 20–33% and diversify risk geographically. BTG trades at a steep discount to sector peers, with a forward P/E of 6.11x and EV/EBITDA of 2.58x, despite strong fundamentals. Key catalysts include the Goose Mine ramp-up, Fekola expansion, and gold prices at historic highs, supporting robust cash flow and upside potential.
BTG's Q2 earnings are likely to have surged on higher gold prices and output, though rising costs are expected to have pressured margins.
BTG gains Mali's approval to begin underground mining at Fekola, setting the stage for major gold output expansion in 2025 and beyond.
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The latest trading day saw B2Gold (BTG) settling at $3.37, representing a +1.51% change from its previous close.
In the most recent trading session, B2Gold (BTG) closed at $3.47, indicating a -1.42% shift from the previous trading day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how B2Gold (BTG) and Wheaton Precious Metals Corp. (WPM) have performed compared to their sector so far this year.
B2Gold is attractively valued with strong expected revenue and earnings growth. Production ramp-up at the Goose mine in Q3 2025 and new agreements in Mali for the Fekola mine are key catalysts for significant gold output growth next year. Gramalote project's feasibility study confirms robust economics, with a projected $1.72 billion NPV and 33.5% IRR, enhancing future growth prospects.
B2Gold (BTG) reached $3.33 at the closing of the latest trading day, reflecting a -2.35% change compared to its last close.