BTG Earnings Prediction
The chart below shows how BTG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BTG sees a +3.43% change in stock price 10 days leading up to the earnings, and a +1.70% change 10 days following the report. On the earnings day itself, the stock moves by -0.26%. This data can give you a slight idea of what to expect for the next quarter's release.
BTG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
448.23M
-6.21%
-9.00%
Gross Margin
30.08%
-15.70%
-30.50%
Operating Margin
19.13%
-39.42%
-50.39%
Net Margin
-140.78%
1833.79%
1894.05%
EPS
-0.48
-1500.00%
2300.00%
No Data Available
BTG Earnings Analysis
B2Gold Corp. Corporation (BTG.A) Earnings Conference Call
Positive
Cash and Cash Equivalents: 1. Strong Cash Position: B2Gold reported cash and cash equivalents of $431 million at the end of Q3 2024, providing significant financial flexibility for future projects.
Strong Cash Flow Performance: 2. Robust Operating Cash Flow: The company generated $118 million in operating cash flow for the quarter, demonstrating strong financial performance despite challenges at the Fekola mine.
Sealift Project Success: 3. Successful Sealift Completion: The Goose construction project successfully completed its 2024 sealift, unloading 123,000 cubic meters of dry cargo and over 84 million liters of diesel fuel, ensuring operational readiness for 2025.
Production Growth Forecast: 4. Positive Production Outlook: B2Gold anticipates significant production growth at Fekola in 2025, driven by improved grades and additional ore trucking, potentially adding 100,000 ounces of gold production.
Exploration Budget Commitment: 5. Exploration Commitment: The company plans to maintain strong exploration budgets in both Mali and Goose, focusing on high-grade sulfide targets and regional projects, indicating a commitment to future growth.
Negative
Production Guidance Revision: 1. Lower Production Guidance: B2Gold expects to come in at the low end of its revised production guidance range due to a weaker quarter at Fekola, which was impacted by equipment delays and inclement weather.
Rising Cash Costs: 2. Increased Cash Costs: The company anticipates coming in towards the upper end of its revised cash cost and all-in sustaining cost guidance due to lower production levels.
Tax Accrual Impact: 3. Significant Tax Accrual: A one-time $30 million tax accrual related to the MOU with the state of Mali negatively impacted adjusted earnings, which would have been $0.05 per share without this charge.
Impairment Charges Impact: 4. Impairment Charges: The basic earnings per share were affected by a noncash write-down of the Back River Gold District, primarily due to two initial capital cost increases announced in 2024.
Dividend Payment Obligations: 5. Outstanding Dividend Payment: B2Gold has a remaining dividend payment of approximately $114 million due, along with a final settlement payment of $30 million expected by the end of the year.
BTG FAQs
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BTG Earning Call Sentiment
B2Gold Corp. (BTG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BTG.A
3.54%Positive
The earnings call summary presents a mixed picture. Financial performance shows some strengths, such as operating cash flow, but is marred by EPS declines and operational risks. The Q&A session highlighted uncertainties, especially in production and capital allocation. Despite financial stability, competitive pressures and regulatory risks weigh negatively. No new partnerships or strong guidance adjustments were announced. Given the company's market cap, the stock is likely to experience a neutral movement within the -2% to 2% range over the next two weeks.
