B2Gold Reports Fourth Quarter and Full Year 2024 Operational and Financial Results
VANCOUVER, British Columbia, Feb. 19, 2025 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G), a leading independent gold producer, has announced its operational and financial results for the fourth quarter and full year 2024. The Company had previously released its gold production and gold revenue results for the same period.
Financial Highlights
For the full year 2024, B2Gold reported record gold sales of 757,552 ounces, a 12% increase compared to the previous year. The Company’s revenue for the year was $1.2 billion, up 15% from 2023. B2Gold’s net income for the full year was $213.5 million, a significant improvement from the $114.5 million reported in 2023.
Operational Highlights
During the fourth quarter of 2024, B2Gold produced 198,422 ounces of gold, a 5% increase from the same quarter in the previous year. The Company’s all-in sustaining costs per ounce for the quarter were $992, a 3% decrease from Q4 2023. For the full year, B2Gold’s all-in sustaining costs per ounce were $1,015, a 3% decrease from 2023.
Mine Operations
B2Gold’s flagship mine, the Fenix Mine in Nicaragua, produced 328,963 ounces of gold in 2024, a 10% increase from the previous year. The Masbate Gold Project in the Philippines contributed 187,498 ounces of gold, a 13% increase from 2023. The Otjikoto Mine in Namibia produced 121,091 ounces of gold, a 6% increase from the previous year.
Exploration and Development
B2Gold continued its exploration and development efforts in 2024, with several projects advancing towards production. The Company’s El Limon and La Libertad projects in Nicaragua are expected to begin commercial production in 2026. The Company also announced the discovery of a new gold deposit at its Otjikoto Mine, which could potentially extend the mine’s life by several years.
Impact on Individual Investors
B2Gold’s strong operational and financial performance in 2024 is a positive sign for individual investors. The Company’s record gold sales, increased revenue, and improved net income indicate a healthy and profitable business. B2Gold’s focus on cost reduction and mine expansion also bodes well for future growth.
Impact on the World
B2Gold’s strong financial results are also significant for the global gold mining industry. The Company’s success in reducing costs and increasing production could set a trend for other gold miners. Additionally, B2Gold’s exploration and development efforts could lead to new discoveries and the expansion of existing mines, contributing to the global gold supply.
Conclusion
B2Gold’s operational and financial results for the fourth quarter and full year 2024 demonstrate the Company’s continued success in the gold mining industry. With record gold sales, increased revenue, and improved net income, B2Gold is well positioned for future growth. The Company’s exploration and development efforts also hold promise for new discoveries and mine expansions. For individual investors and the gold mining industry as a whole, B2Gold’s strong performance is a positive sign for the future.
- B2Gold reports record gold sales of 757,552 ounces for 2024, a 12% increase from the previous year
- Revenue for the year was $1.2 billion, up 15% from 2023
- Net income for the full year was $213.5 million, a significant improvement from the $114.5 million reported in 2023
- Flagship mine, Fenix Mine in Nicaragua, produced 328,963 ounces of gold in 2024, a 10% increase from the previous year
- Exploration and development efforts advancing towards production at El Limon and La Libertad projects in Nicaragua
- New gold deposit discovered at Otjikoto Mine, extending the mine’s life by several years
- Strong operational and financial performance is a positive sign for individual investors and the gold mining industry
