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Symbol Data
Symbol
Currency
TSE:BTO
CAD
NYSEAMERICAN:BTG
USD
Description
B2Gold Corp are a gold focused major with three producing mines in Mali, Namibia and Philippines, one mine in development in Canada and exploration properties. Currently they produce roughly 840koz. of gold per year. They have approximately 19.5Moz. of gold in the reserves and resources category of which 15Moz. are in the measured and indicated category. They have a market capitalisation of ~$3735.46M which is a fall of roughly 1% over the last eight months. As of 04/10/2024 they have no debt and ~$307M cash. They have 1,303M shares outstanding and trade on the Toronto Stock Exchange.
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General Details
Financial
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
MCap (FD):
$3,759.05M
$3,735.46M
04/10/2024
Total Assets:
$3,500.00M
$3,500.00M
04/10/2024
Total Liabilities:
$600.00M
$600.00M
04/10/2024
Current Assets:
$500.00M
$500.00M
04/10/2024
Current Liabilities:
$231.00M
$231.00M
04/10/2024
Total Debt:
$0.00M
$0.00M
04/10/2024
Cash:
$307.00M
$307.00M
04/10/2024
Enterprise Value:
$3,452.05M
$3,428.46M
08/23/2078
Cash Flow:
$667.62M
$769.10M
never
Cash Flow Multiple:
5.63
4.86
never
Net Debt to Cash Flow Ratio:
n/a
n/a
never
Finance within 1 year:
04/10/2024
Misc
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Shares Outstanding:
1,302,850,548
1,302,850,548
04/10/2024
Shares (FD):
1,314,000,000
1,314,000,000
04/10/2024
Insider Ownership:
n/a
n/a
never
Dividend (Annual):
n/a
6%
08/08/2024
Company Type:
Mostly Gold
Mostly Gold
never
Production ETA:
n/a
n/a
04/10/2024
Production (Gold Eq Oz.):
(guess) 900,000
(guess) 840,000
08/08/2024
Production (Silver Eq Oz.) :
(guess) 75,433,787
(guess) 71,720,179
08/08/2024
Initial CapEx (Outstanding):
n/a
n/a
04/10/2024
Funding Option:
n/a
n/a
04/10/2024
Documentation:
none
PRODUCER
08/08/2024
Future MCap Modifier:
0.3Producer: Elite Quality
0.3Producer: Elite Quality
04/24/2023
Cash Flow Multiplier:
15
13
08/08/2024
Resource Data
GOLD
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
6.00M
6.00M
04/10/2024
Measured & Indicated:
15.00M
15.00M
04/10/2024
Inferred:
4.50M
4.50M
04/10/2024
Reserves & Resources:
19.50M
19.50M
never
P L A U S I B L E
Proven & Probable:
4.80M
4.80M
04/10/2024
Measured & Indicated:
10.56M
10.56M
04/10/2024
Inferred:
1.80M
1.80M
04/10/2024
Reserves & Resources:
12.36M
12.36M
never
C U R R E N T
Annual Production:
(guess) 900,000oz.
(CG) 840,000oz.
08/08/2024
Cash Cost:
$1,000
$1,100
08/08/2024
Extra Operating Cost:
$600
$650
08/08/2024
Total:
$1,600
$1,750
08/08/2024
Margin (Free Cash Flow):
$742 (32%)
$916 (34%)
G R A D E
Underground (Avg):
6.00 g/t
6.00 g/t
04/10/2024
Open Pit (Avg):
n/a
1.50 g/t
03/18/2024
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
08/08/2024
F U T U R E
Proven & Probable:
15.00M
15.00M
04/10/2024
Annual Production:
1,200,000oz.
1,200,000oz.
04/10/2024
Cash Cost:
$950
$1,000
08/08/2024
Extra Operating Cost:
$550
$600
08/08/2024
SILVER
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
04/10/2024
Measured & Indicated:
n/a
n/a
04/10/2024
Inferred:
n/a
n/a
04/10/2024
Reserves & Resources:
n/a
n/a
never
P L A U S I B L E
Proven & Probable:
n/a
n/a
04/10/2024
Measured & Indicated:
n/a
n/a
04/10/2024
Inferred:
n/a
n/a
04/10/2024
Reserves & Resources:
n/a
n/a
never
C U R R E N T
Annual Production:
n/a
n/a
Cash Cost:
n/a
n/a
04/10/2024
Extra Operating Cost:
n/a
n/a
04/10/2024
Total:
n/a
n/a
04/10/2024
Margin (Free Cash Flow):
n/a
G R A D E
Underground (Avg):
n/a
n/a
04/10/2024
Open Pit (Avg):
n/a
n/a
04/11/2023
Recovery Rate:
n/a
n/a
04/10/2024
F U T U R E
Proven & Probable:
n/a
n/a
04/10/2024
Annual Production:
n/a
n/a
04/10/2024
Cash Cost:
n/a
n/a
04/10/2024
Extra Operating Cost:
n/a
n/a
04/10/2024
Property
Last Analysis Data (04/10/2024)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Nunavut , Canada
Back River
100%
45,000
Both
show
Solid PEA with $600 per oz cash costs.
Capex $320 million.
Production in 2023 if they get financing and permits.
200,000 oz per year.
7 million oz at 6 gpt.
Exploration
Red Lake , Canada
Newman Madsen
50%
n/a
n/a
n/a
Exploration
Nunavut , Canada
Wishbone
100%
n/a
n/a
n/a
Exploration
Medellin , Colombia
Gramalote
49%
n/a
n/a
n/a
Exploration
Finland , Finland
Central Lapland
100% (guess)
n/a
n/a
n/a
Production
Mali
Fekola
90%
n/a
Open Pit
show
Construction should begin in 2014.
High grade open pit. Low cost mine.
300,000 per year. 5 million oz deposit, with significant exploration potential.
Exploration
West Africa , Mali
Anaconda
100% (guess)
n/a
n/a
n/a
Production
Otavi , Namibia
Otjikoto
92%
n/a
n/a
n/a
Production
Philippines , Philippines
Masbate
100% (guess)
n/a
n/a
show
11 million oz deplosit. 200,000 oz production per year (.8 gpt).
Exploration
Uzbekistan , Uzbekistan
Murantan
100% (guess)
n/a
n/a
n/a
Total Land Package Size (ha):
45,000
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Nunavut , Canada
Back River
100%
45,000
Both
show
Solid PEA with $600 per oz cash costs.
Capex $320 million.
Production in 2023 if they get financing and permits.
200,000 oz per year.
7 million oz at 6 gpt.
Exploration
Red Lake , Canada
Newman Madsen
50%
n/a
n/a
n/a
Exploration
Nunavut , Canada
Wishbone
100%
n/a
n/a
n/a
Exploration
Medellin , Colombia
Gramalote
49%
n/a
n/a
n/a
Exploration
Finland , Finland
Central Lapland
100% (guess)
n/a
n/a
n/a
Production
Mali
Fekola
90%
n/a
Open Pit
show
Construction should begin in 2014.
High grade open pit. Low cost mine.
300,000 per year. 5 million oz deposit, with significant exploration potential.
Exploration
West Africa , Mali
Anaconda
100% (guess)
n/a
n/a
n/a
Production
Otavi , Namibia
Otjikoto
92%
n/a
n/a
n/a
Production
Philippines , Philippines
Masbate
100% (guess)
n/a
n/a
show
11 million oz deplosit. 200,000 oz production per year (.8 gpt).
Exploration
Uzbekistan , Uzbekistan
Murantan
100% (guess)
n/a
n/a
n/a
Total Land Package Size (ha):
45,000
Profitability (by resource)
Proven & Probable
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
6.00M
6.00M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
4.80M
4.80M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$3,560.64M
$4,394.88M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$3,560.64M
$4,394.88M
n/a
Max Profit / Current MCap:
0.947
1.177
n/a
Max Profit Per Share (Gold):
$2.71
$3.34
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$2.71
$3.34
n/a
Total Free Profit Per Share:
$0.00
$0.00
n/a
FD MCap / Gold Eq.:
$783.14
$778.22
n/a
FD MCap / Silver Eq.:
$9.34
$9.11
n/a
FD MCap / Per Metal as % Spot Price:
33.44%
29.19%
n/a
Measured & Indicated
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
15.00M
15.00M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
10.56M
10.56M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$7,833.41M
$9,668.74M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$7,833.41M
$9,668.74M
n/a
Max Profit / Current MCap:
2.084
2.588
n/a
Max Profit Per Share (Gold):
$5.96
$7.36
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$5.96
$7.36
n/a
Total Free Profit Per Share:
$2.07
$3.39
n/a
FD MCap / Gold Eq.:
$355.97
$353.74
n/a
FD MCap / Silver Eq.:
$4.25
$4.14
n/a
FD MCap / Per Metal as % Spot Price:
15.20%
13.27%
n/a
Reserves & Resources
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
19.50M
19.50M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
12.36M
12.36M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$9,168.65M
$11,316.82M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$9,168.65M
$11,316.82M
n/a
Max Profit / Current MCap:
2.439
3.030
n/a
Max Profit Per Share (Gold):
$6.98
$8.61
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$6.98
$8.61
n/a
Total Free Profit Per Share:
$3.09
$4.64
n/a
FD MCap / Gold Eq.:
$304.13
$302.22
n/a
FD MCap / Silver Eq.:
$3.63
$3.54
n/a
FD MCap / Per Metal as % Spot Price:
12.99%
11.34%
n/a
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
04/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Exchange Rates:
USD 1.0000
USD 1.0000
11/21/2024
Spot Gold:
$2,341.80
$2,665.60
11/21/2024
Spot Silver:
$27.94
$31.22
11/21/2024
Gold:Silver Ratio:
83.82
85.38
11/21/2024
Spot Gold (Future):
$3,000.00
$4,000.00
Spot Silver (Future):
$100.00
$100.00
Gold:Silver Ratio (Future):
30.00
40.00
Gold Avg. Recovery Rate:
75.00%
75.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
Plausibility of P & P:
100.00%
100.00%
Plausibility of M & I:
80.00%
80.00%
Plausibility of Inferred:
50.00%
50.00%
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