B2Gold Reports Second-Quarter Loss of $24 Million
Financial Results
B2Gold Corp. (BTG) reported a net loss of $24 million for the second quarter of 2023, compared to net earnings of $19 million in the same period last year.
Key Factors
The loss was primarily attributed to lower gold prices and increased costs. Gold prices declined by 8% during the quarter, while costs rose due to inflationary pressures and supply chain disruptions.
Despite the loss, B2Gold maintained its production guidance for the full year and announced plans to increase its dividend.
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