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B2Gold Corp. (T:BTO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: Suite 3400 - 666 Burrard Street
VANCOUVER BC V6C 2X8
Tel: 1-604-6818371
Website: https://www.b2gold.com
IR: See website
Key People
Kelvin P. M. Dushnisky
Chairman of the Board
Dan Moore
Vice President - Operations
Clive Thomas Johnson
President, Chief Executive Officer, Director
Michael Andrew Cinnamond
Chief Financial Officer, Senior Vice President - Finance
William Lytle
Chief Operating Officer, Senior Vice President - Operations
Randall C. Chatwin
Senior Vice President - Legal and Corporate Communications
Victor King
Senior Vice President - Exploration
Dennis Stansbury
Senior Vice President - Engineering and Project Evaluations
Dana Rogers
Vice President - Finance
Dale Craig
Vice President, Operations and Country Manager, Gramalote Colombia Limited
   
Business Overview
B2Gold Corp. is a Canada-based gold producer. The Company has three operating mines, which include the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. In addition, the Company has an exploration and development projects in various countries, including Canada, Mali, Finland and Uzbekistan. The Company also has an interest in Back River Gold District that is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is also engaged in operating Goose Project, which is located in Nunavut, Canada.
Financial Overview
For the fiscal year ended 31 December 2023, B2Gold Corp revenues increased 12% to $1.93B. Net income decreased 96% to $10.1M. Revenues reflect Otjikoto Project segment increase of 49% to $417.6M, Fekola Project segment increase of 7% to $1.14B. Net income was offset by Impairment of Fixed Assets increase from $909K (income) to $322.1M (expense), (Losses) gains on derivative instruments decrease of 75% to $4.7M (income).
Employees: 4,995 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $4,557M as of Dec 31, 2023
Annual revenue (TTM): $2,663M as of Dec 31, 2023
EBITDA (TTM): $1,500M as of Dec 31, 2023
Net annual income (TTM): $13.90M as of Dec 31, 2023
Free cash flow (TTM): -$389.71M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,302,850,548 as of Feb 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization