Miner B2Gold's Q2 revenue misses estimates

B2Gold

07/08/2025 23:10

Overview

B2Gold Q2 2025 revenue misses analyst expectations, per LSEG data

Gold production in Q2 exceeds company expectations at 229,454 ounces

Adjusted net income misses estimates, per LSEG data

Outlook

B2Gold expects Goose Mine production of 120,000 to 150,000 ounces in 2025

Company forecasts Fekola Complex gold production of 515,000 to 550,000 ounces in 2025

B2Gold updates Masbate Mine cash cost guidance to $850-$910 per ounce

Company sees Otjikoto Mine all-in sustaining costs at $965-$1,025 per ounce

Result Drivers

HIGHER PRODUCTION - Gold production exceeded expectations at Fekola, Masbate, and Otjikoto mines, contributing to lower cash operating costs

LOWER FUEL COSTS - Reduced fuel costs helped lower cash operating costs per gold ounce produced

ROYALTIES IMPACT - Higher gold royalties due to increased average realized gold price affected all-in sustaining costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$692.21 mln
$705.30 mln (2 Analysts)
Q2 EPS
$0.1
Q2 Adjusted Net Income
Miss
$162.84 mln
$180.10 mln (1 Analyst)
Q2 Net Income
$160.75 mln
Q2 Basic EPS
$0.12


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$6.33, about 17.5% above its August 7 closing price of C$5.22

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX17Ny59

(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.)