B2Gold (BTG) Q4 Earnings Surpass Estimates, Improve Y/Y Zacks.com 2/24/2021
B2Gold Corp BTG reported fourth-quarter 2020 adjusted earnings per share of 14 cents, which beat the Zacks Consensus Estimate of 13 cents. The bottom line improved 133% from 6 cents reported in the prior-year quarter driven by rising production and higher gold prices.
Including one-time items, the company reported earnings of 16 cents per share compared with 17 cents per share in the prior-year quarter.
B2Gold generated record revenues of $480 million in fourth-quarter 2020, reflecting year-over-year growth of 53%. This upside was driven by an increase of 32% in the average realized gold price and improvement of 21% in gold ounces sold.