B2Gold Records Q3 2021 Gold Revenue Of US$510.9 Million

B2Gold Corp. (TSX: BTO) announced Tuesday evening its quarterly financial performance for Q3 2021, highlighting gold revenue of US$510.9 million. The report also included the previously announced production results for the quarter that saw gold production of 310,261 ounces.

The company’s quarterly revenue came from the previously reported gold sales of 286,650 ounces at an average realized price of US$1,782 per ounce. This is an increase from Q2 2021’s gold revenue of US$363.0 million from selling 200,071 ounces at US$$1,814 per ounce, and from Q3 2020’s revenue of US$487.2 million.

Further down the line, the firm’s profit margin for the quarter came in at 46.0%, up from last quarter’s 35.3% but down from last year’s 55.8%. The quarterly net income increased to US$134.9 million from Q2 2021’s US$74.0 million but declined from Q3 2020’s US$277.0 million. The quarterly net income translates to US$0.12 earnings per diluted share.

The mining firm ended the quarter with US$546.5 million in cash and cash equivalents compared to its beginning quarter balance of US$382.1 million. This puts the balance of current assets at US$975.5 million while current liabilities came in at US$199.5 million.

The Vancouver-based gold producer has previously announced that it is increasing the full-year 2021 production guidance to 1,015,000 – 1,055,000 gold ounces. For the first nine months of the year, the firm has already produced a total of 310,261 gold ounces.

B2Gold Corp. last traded at $5.15 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

B2Gold Swings For Annual Net Loss In 2024, Sees Decline In Revenue And Output

B2Gold (TSX: BTO) has released its final quarter and full-year 2024 financials, with annual revenue...

Thursday, February 20, 2025, 12:58:00 PM

McLaren Resources Closes Financing For Gross Proceeds Of $587,000

McLaren Resources (CSE: MCL) last night announced that it closed a private placement, raising gross...

Tuesday, July 14, 2020, 08:00:00 AM

SKRR Exploration Intersects 50.24 Metres of 0.41 G/T Gold At Olson Property

SKRR Resources (TSXV: SKRR) this morning released the latest drill results from the recently completed...

Thursday, May 6, 2021, 09:24:40 AM

Gran Colombia Walks From Proposed Latin America Asset Roll Up

Gran Colombia Gold (TSX: GCM) this morning walked from its attempted acquisition of both Gold...

Monday, May 25, 2020, 08:47:10 AM

Gold Lion Concludes Phase One Trenching Program At Robber Gulch

Trenching has been completed at the Gold Lion Resources (CSE: GL) Robber Gulch property near...

Thursday, November 12, 2020, 09:28:12 AM