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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  B2Gold Corp.    BTO   CA11777Q2099

B2GOLD CORP.

(BTO)
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B2Gold : Miner B2Gold says Mali border shutdown to be short-lived after coup

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08/20/2020 | 04:24pm EDT

TORONTO, Aug 20 (Reuters) - Miner B2Gold Corp expects the shutdown of land and air borders in Mali to last "days or weeks, not months," its chief executive said on Thursday, after Tuesday's overthrow of President Ibrahim Boubacar Keita.

"The intention is to re-open as soon as possible," B2Gold CEO Clive Johnson told Reuters, citing discussions with government officials.

Keita resigned on Tuesday and dissolved parliament hours after soldiers detained him at gunpoint and seized power in a coup.

The military junta that overthrew the president ordered the country's borders re-opened on Thursday. But the 15-nation Economic Community of West African States (ECOWAS)instructed its members to keep their borders with Mali closed in response to Tuesday's coup.

ECOWAS leaders convened on Thursday after the bloc suspended Mali, closed borders and halted financial flows in response to the crisis.

Border closures threaten to limit miners' ability to export gold, which is typically flown out of Mali to be refined.

B2Gold and other miners said on Wednesday they were operating as usual.

B2Gold's flagship Fekola mine produced 147,424 ounces of gold in the second quarter.

Johnson reiterated the miner had sufficient supplies to maintain activities through the end of the third quarter and beyond and could tap ore stockpiles if needed. “Because of COVID actually we have even larger stockpiles than we normally would have, so we’re in very good shape," he said.

(Reporting by Jeff Lewis; Editing by Marguerita Choy and Dan Grebler)


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Financials (USD)
Sales 2020 1 798 M - -
Net income 2020 512 M - -
Net cash 2020 456 M - -
P/E ratio 2020 12,7x
Yield 2020 1,51%
Capitalization 6 420 M 6 423 M -
EV / Sales 2020 3,32x
EV / Sales 2021 2,91x
Nbr of Employees 2 212
Free-Float 98,8%
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Technical analysis trends B2GOLD CORP.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 9,28 $
Last Close Price 6,14 $
Spread / Highest target 67,5%
Spread / Average Target 51,1%
Spread / Lowest Target 24,0%
EPS Revisions
Managers
NameTitle
Clive Thomas Johnson President, Chief Executive Officer & Director
Robert Melvin Douglas Cross Chairman
William Lytle Senior Vice President-Operations
Michael Cinnamond Chief Financial Officer & Senior VP-Finance
Brian M. Scott Vice President-Geology & Technical Services
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