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b2gold corp (BTO) Snapshot

Open
C$2.06
Previous Close
C$2.04
Day High
C$2.11
Day Low
C$2.05
52 Week High
03/14/14 - C$3.69
52 Week Low
11/5/14 - C$1.65
Market Cap
1.9B
Average Volume 10 Days
5.9M
EPS TTM
C$-0.12
Shares Outstanding
921.1M
EX-Date
--
P/E TM
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b2gold corp (BTO) Details

B2Gold Corp. explores for and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Colombia. The company principally explores for gold, silver, and copper. It primarily holds a 100% interest in the Libertad mine, which consists of an exploitation concession covering an area of 10,950 hectares and an exploration concession covering an area of 1,196 hectares located to the east of Managua, Nicaragua; and a 95% interest in the Limon mine property that covers an area of 12,000 hectares located to the Northwest of Managua. The company also has interest in the Masbate mine, an open pit gold mine located near the northern tip of the island of Masbate; and Kiaka Project, a potential open pit gold mine located in Burkina Faso. In addition, it has a 49% interest in the Gramalote property, which consists of 17 contiguous claim blocks covering an area of 35,322.174 hectares located near Providencia, Colombia. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

b2gold corp (BTO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$700.0K
Senior Vice President of Operations
Total Annual Compensation: C$400.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: C$400.0K
Senior Vice President of Engineering & Projec...
Total Annual Compensation: C$400.0K
Senior Vice President of Exploration
Total Annual Compensation: C$400.0K
Compensation as of Fiscal Year 2013.

b2gold corp (BTO) Key Developments

Calibre Mining and B2Gold Complete Reconnaissance Diamond Drilling Program at the Minnesota Gold Project, Borosi Concessions, Nicaragua

Calibre Mining Corp. announced the completion of the reconnaissance diamond drilling program on the Minnesota Gold Project within the B2Gold Corp. joint venture on the Borosi concessions, northeast Nicaragua. Calibre controls a 49.0% interest in the joint venture and B2Gold has a 51.0% interest and is project operator. B2Gold has the right to earn an additional 19.0% in the Borosi concessions joint venture by spending $6.0 million in additional project expenditures by April 2016. B2Gold can maintain its right to earn an additional 19.0% in the Borosi concessions joint venture by spending $1.5 million in additional project expenditures in 2015. The 2014 reconnaissance diamond drilling program at the Minnesota gold project consisted of seven widely spaced drill holes totaling 992 meters which tested three areas along the three kilometer trend of the Minnesota target which is defined by a strong auger and gold-in soil anomaly and surface rock sampling; drilling results include: 31.35 meters grading 0.63 g/t Au (including 12.40 meters grading 1.07 g/t Au) and 47.00 meters grading 0.63 g/t Au and 3,703 ppm Zn (including 4.50 meters grading 3.43 g/t Au and 5,699 ppm Zn); the geochemical signature for the portion of the Minnesota system drill tested to date is consistent with an intrusive association for the mineralization with gold and silver values being associated with elevated zinc, lead and molybdenum; the planned 2015 B2Gold exploration program will continue to evaluate and advance a number of gold targets in and around the Minnesota gold project and elsewhere on the joint venture concessions. Three drill holes (MN14-001, MN14-002 and MN14-003) were completed in the Northern Area in the vicinity of contiguous Trenches MINTR14-006 to 011 and MINTR14-016 which intersected 109.6 meters grading 1.58 g/t Au with drill hole MN14-001 returning 31.35 meters grading 0.63 g/t Au (including 12.4 meters grading 1.07 g/t Au). Additional drilling (MN14-004 and MN14-007) tested the Central Area (one kilometer to the south-west of the Northern Area) where previous channel samples returned; 9.20 meters grading 4.17 g/t Au (MNTR13-02) with drill hole MN14-004 intersecting 47.00 meters grading 0.63 g/t Au and 3,703 ppm Zn (including 4.50 meters grading 3.43 g/t Au and 5,699 ppm Zn. A further two holes (MN14-005 and MN14-006) tested the Southern Area (3 km Southwest from the Northern Area) where channel samples returned; 12.80 meters grading 1.27 g/t Au (BRTR11-057). See Calibre's New Release dated November 20th 2014 for details of the trenching results. Reconnaissance drilling intersected oxidized, sheared and sericitized granite with mineralization consisting of variable amounts of disseminated pyrite, sphalerite, galena and chalcopyrite with minor pyrrhotite and magnetite. 2015 exploration program: recent exploration on the B2Gold Joint Venture has included sampling on two zones (El Gallo and Carpato 1) in the Santo Tomas District located 20 kilometers to the east of Minnesota. Previous sampling at Santo Tomas has shown anomalous precious and base metal values. Rock samples at the El Gallo Zone include mineralization consists of thin irregular veins averaging from 5 to 15 centimetres wide and stockworks with veinlets of quartz and oxidized sulphides. Strong hematitic and limonitic oxidation is present in the zone that is characterized also by the strong sericitic and argillic alteration. In January 2015, a 50 x 100 m soil grid covering the mining workings was started. A total of 108 auger samples were collected and have been sent to the lab with results pending. Recent rock sampling at El Gallo has returned results from 0.2 to 3.7 g/t Au (12 samples) from highly oxidized quartz stock work zones in volcanic rocks. At the Carpato 1 Zone field work has outlined 370 x 510 m zone of alteration and mineralization observed in the center of the circular structure. It consists of thin massive bands of completely oxidized magnetite that are accompanied of thin banded veins and veinlets of granular quartz and magnetite sometimes with specularite, tremolite and possibly sphalerite and scarce veinlets of oxidized sulphides. The host rock is the porphyritic andesite with strong argillic and minor chloritic alteration; one fresher fragment looked like a crowed crystal intrusive with strong magnetite in the matrix and alteration of chlorite and epidote. Some fragments also have brecciated texture with strong magnetite in the matrix. To the south of this area were found some float fragments of quartz - tourmaline breccia that have not as yet been found in situ.

B2Gold Corp. Announces Consolidated Production and Sales Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Consolidated Production Guidance for the First Half and Full Year of 2015

B2Gold Corp. announced consolidated production and sales results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported record quarterly consolidated gold production of 111,804 ounces or 118,963 ounces including 7,159 ounces of pre-commercial production from Otjikoto in December. Record quarterly gold production at the Masbate Mine of 62,972 ounces. For the full year, the company reported record annual consolidated gold production of 384,003 ounces or 391,162 ounces including 7,159 ounces of pre-commercial production from Otjikoto in December. Record annual gold production at La Libertad Mine of 149,763 ounces. The company reported consolidated gold revenue for the fourth quarter of 2014 was USD 122.4 million on sales of 102,612 ounces at an average realized price of USD 1,193 per ounce compared to USD 138.1 million (which included a non-cash amount of USD 9.3 million related to amortization of deferred revenue) on sales of 106,185 ounces at an average realized price of USD 1,300 per ounce in the fourth quarter of 2013. Gold revenue declined mainly due to an 8% decrease in the average realized gold price. For the full-year 2014, the company reported consolidated gold revenue was USD 486.6 million on record sales of 386,219 ounces at an average realized price of USD 1,260 per ounce compared to USD 544.3 million (which included a non-cash amount of USD 37.4 million related to amortization of deferred revenue) on sales of 380,895 ounces at an average realized price of USD 1,429 per ounce in the same period last year. The company is projecting another record year for gold production in 2015. Company-wide production in 2015 from the newly constructed Otjikoto Mine, and the Masbate, La Libertad and Limon Mines is expected to be in the range of 500,000 to 540,000 ounces of gold (including pre-commercial production from Otjikoto), an increase of approximately 35% over 2014 production. Consolidated cash operating costs are expected to be in the range of USD 630 to USD 660 per ounce. The substantial increase in the company's consolidated gold production and the reduction in consolidated cash operating costs per ounce reflect the positive impact of new production from the company's low-cost Otjikoto Mine. The company expected capital expenditure of USD 71.216 million for the fiscal 2015. For the first half of 2015, gold production is expected to be in the range of 225,000 to 245,000 ounces which will be lower than the gold production in the second half of the year of 275,000 to 295,000 ounces, due to a number of factors including the continued ramp-up of gold production at Otjikoto.

B2Gold Corp. Announces Updated Higher Grade Gold Resource at Wolfshag Zone, Otjikoto Mine, Namibia

B2Gold Corp. announced a significantly higher grade updated gold mineral resource estimate for the Wolfshag zone located directly adjacent to the east and northeast of the Company's new open pit Otjikoto Mine in NamibiaThe updated inferred mineral resource contains 675,000 ounces of gold within 2.581 million tonnes grading 8.14 grams of gold per tonne ("g/t") utilizing a 3 g/t cut-off. This inferred resource is below a pit shell containing an additional 1.035 million tonnes at 2.81 g/t gold (93,000 ounces gold) in the indicated category. The previously released initial inferred resource estimate for the Wolfshag zone was 6.8 million tonnes at 3.2 g/t gold containing 703,000 ounces of gold. The Wolfshag mineral resource estimate has been prepared using a total of 202 core drill holes (58,050 metres). An additional 31 drill holes (8,207 metres) were completed after the October 24, 2014 database cut-off date. The preliminary results of the holes drilled after the cut-off date do not materially change the results of this mineral resource estimate. Mineral resources are reported within a pit shell based on a 0.5 g/t cut-off grade. Mineral resources located below and down plunge of the shell are reported above at 3.0 g/t gold cut-off grade. The reason that the down plunge resource is still in the inferred category is because the 2014 drill spacing was designed to evaluate the Wolfshag zone from an open pit extraction perspective using a drill spacing of 25 metres by 100 metres. As the majority of the Wolfshag zone is now envisioned to be mined underground, additional drilling will be required to infill the resource to the indicated category (25 metre by 25 metre spacing). Engineering studies are under way to determine which portion of Wolfshag could be mined by open pit and which portion by underground mining. The Company currently plans to commence open pit mining at Wolfshag in 2016. The conceptual plan would be to blend higher grade material from Wolfshag with ore from the Otjikoto pit resulting in an increase in annual gold production at Otjikoto and improved project economics. The main Otjikoto open pit deposit is 29.4 million tonnes at a grade of 1.42 g/t gold containing 1.34 million ounces of gold. For 2015, Otjikoto is expected to produce between 140,000 to 150,000 ounces of gold at a cash operating cost of approximately $500-$525 per ounce and all in sustaining costs of approximately $700 per ounce. Once the planned mill expansion is completed in the third quarter of 2015, increasing the annual throughput at the mill from 2.5 million tonnes of ore per year to approximately 3 million tonnes per year, the company expects annual gold production to increase to approximately 200,000 ounces in 2016 and 2017. The company plans to complete an updated mine plan by the end of 2015 which will further evaluate open pit and underground mining at Wolfshag.

 

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