B2Gold: Fourth Quarter Earnings Overview

B2Gold Corp. Reports Fourth-Quarter Profit Turnaround

B2Gold Corp., headquartered in Vancouver, British Columbia, announced a net profit of $170.6 million for the fourth quarter, marking a significant improvement from a loss in the same period last year.

The company’s earnings translated to 11 cents per share for the quarter.

Despite returning to profitability, the results fell short of analyst projections. According to Zacks Investment Research, four analysts had anticipated earnings of 20 cents per share.

During the quarter, the mining company, which produces gold, silver, and copper, generated $1.05 billion in revenue.

For the full year, B2Gold reported a net income of $401.9 million, or 28 cents per share, reversing its previous loss. Annual revenue reached $3.06 billion.

Since the start of the year, B2Gold’s stock price has climbed 18%. By the close of trading on Wednesday, shares were valued at $5.32, more than twice their price from a year ago.

Financial data sourced from Zacks Investment Research.