News

B2Gold posts 1Q profit of $8.3 million, result tops expectations

VANCOUVER – VANCOUVER, British Columbia (AP) _ B2Gold Corp. (BTG) on Wednesday reported first-quarter earnings of $8.3 million.

The Vancouver, British Columbia-based company said it had profit of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, were 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The gold, silver and copper miner posted revenue of $144.3 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $2.11. A year ago, they were trading at $1.59.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BTG at http://www.zacks.com/ap/BTG

_____

Keywords: B2Gold, Earnings Report