B2Gold Q3 adjusted net income misses estimates

B2Gold

05/11/2025 23:13

Overview

B2Gold Q3 2025 revenue and adjusted net income missed analyst expectations

Gold production of 254,369 ounces in Q3 2025

Company achieved commercial production at Goose Mine on October 2, 2025

Outlook

B2Gold maintains 2025 production guidance for Fekola, Masbate, and Otjikoto mines

Company lowers Goose Mine 2025 production guidance to 50,000-80,000 ounces

B2Gold updates Fekola Complex all-in sustaining cost guidance to $1,670-$1,730 per ounce

Result Drivers

HIGHER PRODUCTION - Fekola, Masbate, and Otjikoto mines exceeded expected production, contributing to higher overall gold output

COST REDUCTION - Lower fuel costs and favorable foreign exchange rates reduced cash operating costs

GUIDANCE REVISION - Goose Mine production guidance lowered due to crushing plant issues and ore access delays

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$782.95 mln
$876.80 mln (2 Analysts)
Q3 EPS
$0.01
Q3 Adjusted Net Income
Miss
$179.91 mln
$223.80 mln (2 Analysts)
Q3 Net Income
$23.12 mln
Q3 Basic EPS
$0.01


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for B2Gold Corp is C$8.00, about 28.7% above its November 5 closing price of C$5.70

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nGNX31ygTn

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)