The following is a summary of the B2Gold Corp. (BTG) Q2 2024 Earnings Call Transcript:

Financial Performance:

• B2Gold Corp reported adjusted earnings of $0.06 per share, benefiting from stronger average gold prices.

• Operating cash flow bottom-line was $62 million after changes in working capital, and $192 million before.

• Production guidance was revised down due to equipment issues.

• All-in sustaining cost guidance was revised from $835-$895 per ounce to a higher range due to increased royalties and lower production.

Business Progress:

• Fekola mine production was lowered due to an equipment availability issue but is expected to resume with high-grade ounces from Phase 7.

• The Goose project is proceeding well with significant construction progress and on track for gold production by Q2 2025.

• Expansion at Fekola through trucking and potential developments at Gramalote emphasize growth through existing assets.

Opportunities:

• The government of Mali discussions are close to completion, potentially accelerating the Fekola expansion and other regional productions, which could add 80,000 to 100,000 ounces annually.

Risks:

• Two impairment charges on the Fekola operations were taken, reflecting uncertainties and adjustments in the mining code and operations.

More details: B2Gold IR

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