B2Gold Corp
(NYSE MKT:BTG)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In additio...

Website: http://www.b2gold.com

Founded: 2007

Full Time Employees: 2,212

CEO: Clive Johnson

Sector: Basic Materials

Industry: Gold

Gold Materials

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Quarterly

Annual

Unit: USD	2025-11-05	2025-09-30	2025-08-07	2025-06-30	2025-05-07	2025-03-31	2025-02-19	2024-12-31	2024-11-06	2024-09-30	2024-08-08	2024-06-30	2024-05-07	2024-03-31	2024-02-21	2023-12-31	2023-11-08	2023-09-30	2023-08-02	2023-06-30	2023-05-09	2023-03-31	2023-02-22	2022-12-31	2022-11-01	2022-09-30	2022-08-03	2022-06-30	2022-05-03	2022-03-31	2022-02-22	2021-12-31	2021-11-02	2021-09-30	2021-08-04	2021-06-30	2021-05-04	2021-03-31	2021-02-23	2020-12-31	2020-11-03	2020-09-30	2020-08-05	2020-06-30	2020-05-05	2020-03-31	2020-02-27	2019-12-31	2019-11-05	2019-09-30	2019-08-06	2019-06-30	2019-05-07	2019-03-31	2019-03-12	2018-12-31	2018-11-06	2018-09-30	2018-08-07	2018-06-30	2018-05-09	2018-03-31	2018-03-15	2017-12-31	2017-09-30	2017-08-09	2017-06-30	2017-05-03	2017-03-31	2017-03-16	2017-03-14	2016-08-04	2016-03-31	2016-03-17	2015-11-12	2015-08-13	2015-05-15	2015-05-14	2015-03-12	2014-12-31	2014-09-30	2014-06-30	2014-05-14	2014-03-31	2014-03-14	2013-12-31	2013-09-30	2013-08-14	2013-08-13

gold revenue	782,948,000	782,948,000	692,206,000	692,206,000	532,107,000	532,107,000	499,788,000	1,902,030,000	448,229,000	448,229,000	492,569,000	492,569,000	461,444,000	461,444,000	511,974,000	1,934,272,000	477,888,000	477,888,000	470,854,000	470,854,000	473,556,000	473,556,000	592,468,000	1,732,590,000	392,554,000	392,554,000	381,985,000	381,985,000	365,583,000	365,583,000	526,113,000	1,762,264,000	510,859,000	510,859,000	362,990,000	362,990,000	362,302,000	362,302,000	479,525,000	1,788,928,000	487,166,000	487,166,000	441,939,000	441,939,000	380,298,000	380,298,000	313,659,000	1,155,637,000	310,783,000	310,783,000	267,213,000	267,213,000	301,664,000	301,664,000	272,122,000	1,225,061,000	323,855,000	323,855,000	284,806,000	284,806,000	344,288,000	344,288,000	173,990,000	638,677,000	154,109,000	164,322,000	164,322,000	146,256,000	146,256,000	181,189,000	683,293,000	164,803,000	144,252,000	139,008,000	139,250,000		138,892,000	138,892,000	122,422,000	486,624,000	114,924,000	120,258,000	129,020,000	129,020,000	138,054,000	544,272,000	128,730,000	122,635,000	122,635,000
yoy	47.14%	47.14%	38.50%	-63.61%	18.71%	18.71%	1.47%	286.14%	-2.86%	-2.86%	-3.79%	-74.53%	-3.44%	-3.44%	8.73%	310.80%	0.91%	0.91%	-20.53%	-72.82%	20.63%	20.63%	55.10%	353.58%	7.38%	7.38%	-27.39%	-78.32%	-28.44%	-28.44%	44.94%	385.49%	41.00%	41.00%	-24.30%	-79.71%	-25.63%	-25.63%	8.50%	304.79%	28.10%	28.10%	40.90%	-61.76%	22.37%	22.37%	17.38%	332.48%	3.02%	3.02%	-1.80%	-78.19%	-6.85%	-6.85%	-4.45%	330.14%	-5.93%	-5.93%	63.69%	-55.41%	123.41%	109.52%	5.88%	336.68%	5.37%	-9.31%	-75.95%	-11.25%	1.39%	30.34%	390.70%		3.86%	0.08%	13.75%		20.86%	15.50%	-5.11%	277.17%	-16.75%	-77.90%	0.23%	5.21%	12.57%
qoq	0.00%	13.11%	0.00%	30.09%	0.00%	6.47%	-73.72%	324.34%	0.00%	-9.00%	0.00%	6.75%	0.00%	-9.87%	-73.53%	304.75%	0.00%	1.49%	0.00%	-0.57%	0.00%	-20.07%	-65.80%	341.36%	0.00%	2.77%	0.00%	4.49%	0.00%	-30.51%	-70.15%	244.96%	0.00%	40.74%	0.00%	0.19%	0.00%	-24.45%	-73.19%	267.21%	0.00%	10.23%	0.00%	16.21%	0.00%	21.25%	-72.86%	271.85%	0.00%	16.31%	0.00%	-11.42%	0.00%	10.86%	-77.79%	278.27%	0.00%	13.71%	0.00%	-17.28%	0.00%	97.88%	-72.76%	314.43%	-6.22%	0.00%	12.35%	0.00%	-19.28%	-73.48%	314.61%	14.25%	3.77%	-0.17%			0.00%	13.45%	-74.84%	323.43%	-4.44%	-6.79%	0.00%	-6.54%	-74.64%	322.80%	4.97%	0.00%
cost of sales
production costs	-195,154,000	-195,154,000	-160,363,000	-160,363,000	-161,994,000	-161,994,000	-181,376,000	-681,828,000	-192,408,000	-192,408,000	-151,299,000	-151,299,000		-156,745,000	-164,406,000	-616,197,000	-171,425,000	-171,425,000	-152,762,000	-152,762,000	-127,604,000	-127,604,000	-159,559,000	-626,526,000	-185,704,000	-185,704,000	-158,303,000	-158,303,000	-122,960,000	-122,960,000	-118,694,000	-493,389,000	-130,770,000	-130,770,000	-132,293,000	-132,293,000	-111,632,000	-111,632,000	-114,430,000	-407,865,000	-104,892,000	-104,892,000	-96,987,000	-96,987,000	-91,556,000	-91,556,000	-95,502,000		-90,526,000	-90,526,000	-95,313,000	-95,313,000	-126,502,000		-112,295,000		-133,169,000															-66,146,000		-70,148,000	-75,250,000	-76,096,000	-77,823,000	-77,823,000	-69,194,000				-62,305,000		-66,341,000			-63,428,000
depreciation and depletion	-104,665,000	-104,665,000	-102,705,000	-102,705,000	-89,557,000	-89,557,000	-93,903,000	-367,408,000	-88,051,000	-88,051,000	-95,008,000	-95,008,000		-90,446,000	-108,983,000	-402,371,000	-101,568,000	-101,568,000	-94,662,000	-94,662,000	-97,158,000	-97,158,000	-130,508,000	-383,852,000	-94,207,000	-94,207,000	-81,874,000	-81,874,000	-77,263,000	-77,263,000	-122,588,000	-378,892,000	-111,768,000	-111,768,000	-77,809,000	-77,809,000	-66,727,000	-66,727,000	-78,207,000	-301,491,000	-77,090,000	-77,090,000	-75,582,000	-75,582,000	-70,612,000	-70,612,000	-67,717,000		-65,977,000	-65,977,000	-56,981,000	-56,981,000	-67,390,000		-74,591,000		-82,117,000															-38,938,000		-40,742,000	-35,749,000	-35,008,000	-32,795,000	-32,795,000	-29,846,000				-25,310,000		-31,528,000			-18,906,000
royalties and production taxes	-92,784,000	-92,784,000	-77,701,000	-77,701,000	-42,806,000	-42,806,000	-50,554,000	-146,599,000	-32,929,000	-32,929,000	-33,089,000	-33,089,000		-30,027,000	-33,042,000	-135,703,000	-34,389,000	-34,389,000	-33,111,000	-33,111,000	-35,161,000	-35,161,000	-41,733,000	-117,968,000	-26,644,000	-26,644,000	-23,901,000	-23,901,000	-25,690,000	-25,690,000	-37,080,000	-121,431,000	-33,154,000	-33,154,000	-24,671,000	-24,671,000	-26,526,000	-26,526,000	-30,775,000	-121,285,000	-33,545,000	-33,545,000	-31,234,000	-31,234,000	-25,731,000	-25,731,000	-22,153,000		-22,034,000	-22,034,000	-17,552,000	-17,552,000	-19,456,000		-18,232,000		-20,252,000															-5,565,000		-6,913,000	-5,347,000	-5,761,000	-4,995,000	-4,995,000	-4,504,000				-4,310,000		-4,147,000			-4,100,000
total cost of sales	-392,603,000	-392,603,000	-340,769,000	-340,769,000	-294,357,000	-294,357,000	-325,833,000	-1,195,835,000	-313,388,000	-313,388,000	-279,396,000	-279,396,000		-277,218,000	-306,431,000	-1,154,271,000	-307,382,000	-307,382,000	-280,535,000	-280,535,000	-259,923,000	-259,923,000	-331,800,000	-1,128,346,000	-306,555,000	-306,555,000	-264,078,000	-264,078,000	-225,913,000	-225,913,000	-278,362,000	-993,712,000	-275,692,000	-275,692,000	-234,773,000	-234,773,000	-204,885,000	-204,885,000	-223,412,000	-830,641,000	-215,527,000	-215,527,000	-203,803,000	-203,803,000	-187,899,000	-187,899,000	-185,372,000		-178,537,000	-178,537,000	-169,846,000	-169,846,000	-213,348,000		-205,118,000		-235,538,000															-110,649,000		-117,803,000	-116,346,000	-116,865,000	-115,613,000	-115,613,000	-103,544,000				-91,925,000		-102,016,000			-86,949,000
gross profit	390,345,000	390,345,000	351,437,000	351,437,000	237,750,000	237,750,000	173,955,000	706,195,000	134,841,000	134,841,000	213,173,000	213,173,000	184,226,000	184,226,000	205,543,000	780,001,000	170,506,000	170,506,000	190,319,000	190,319,000	213,633,000	213,633,000	260,668,000	604,244,000	85,999,000	85,999,000	117,907,000	117,907,000	139,670,000	139,670,000	247,751,000	768,552,000	235,167,000	235,167,000	128,217,000	128,217,000	157,417,000	157,417,000	256,113,000	958,287,000	271,639,000	271,639,000	238,136,000	238,136,000	192,399,000	192,399,000	128,287,000	450,460,000	132,246,000	132,246,000	97,367,000	97,367,000	88,316,000	88,316,000	66,994,000	364,656,000	88,317,000	88,317,000	89,765,000	89,765,000	119,580,000	119,580,000	43,119,000	150,284,000	37,242,000	32,857,000	32,857,000	37,066,000	37,066,000	42,450,000	210,076,000	54,154,000	42,439,000	21,205,000	22,904,000	19,641,000	23,279,000	23,279,000	18,878,000	93,868,000	15,922,000	21,973,000	37,095,000	37,095,000	36,038,000	146,946,000	41,238,000	35,686,000	35,686,000
yoy	64.18%	64.18%	102.03%	-50.24%	76.32%	76.32%	-18.40%	231.28%	-26.81%	-26.81%	3.71%	-72.67%	8.05%	8.05%	8.00%	309.84%	-20.19%	-20.19%	-26.99%	-68.50%	148.41%	148.41%	121.08%	412.48%	-38.43%	-38.43%	-52.41%	-84.66%	-40.61%	-40.61%	93.23%	499.42%	49.39%	49.39%	-49.94%	-86.62%	-42.05%	-42.05%	7.55%	302.41%	41.19%	41.19%	85.63%	-47.13%	45.49%	45.49%	31.76%	362.64%	49.74%	49.74%	45.34%	-73.30%	-0.00%	-0.00%	-25.37%	306.23%	-26.14%	-26.14%	108.18%	-40.27%	221.09%	263.94%	31.23%	305.45%	0.47%	-22.60%	-84.36%	-31.55%	-12.66%	100.19%	817.20%	175.72%	82.31%	-8.91%	21.33%	-79.08%	46.21%	5.94%	-49.11%	153.05%	-55.82%	-85.05%	-10.05%	3.95%	0.99%
qoq	0.00%	11.07%	0.00%	47.82%	0.00%	36.67%	-75.37%	423.72%	0.00%	-36.75%	0.00%	15.71%	0.00%	-10.37%	-73.65%	357.46%	0.00%	-10.41%	0.00%	-10.91%	0.00%	-18.04%	-56.86%	602.62%	0.00%	-27.06%	0.00%	-15.58%	0.00%	-43.62%	-67.76%	226.81%	0.00%	83.41%	0.00%	-18.55%	0.00%	-38.54%	-73.27%	252.78%	0.00%	14.07%	0.00%	23.77%	0.00%	49.98%	-71.52%	240.62%	0.00%	35.82%	0.00%	10.25%	0.00%	31.83%	-81.63%	312.89%	0.00%	-1.61%	0.00%	-24.93%	0.00%	177.33%	-71.31%	303.53%	13.35%	0.00%	-11.36%	0.00%	-12.68%	-79.79%	287.92%	27.60%	100.14%	-7.42%	16.61%	-15.63%	0.00%	23.31%	-79.89%	489.55%	-27.54%	-40.77%	0.00%	2.93%	-75.48%	256.34%	15.56%	0.00%
gross margin %	49.86%	49.86%	50.77%	50.77%	44.68%	44.68%	34.81%	37.13%	30.08%	30.08%	43.28%	43.28%	39.92%	39.92%	40.15%	40.33%	35.68%	35.68%	40.42%	40.42%	45.11%	45.11%	44.00%	34.88%	21.91%	21.91%	30.87%	30.87%	38.20%	38.20%	47.09%	43.61%	46.03%	46.03%	35.32%	35.32%	43.45%	43.45%	53.41%	53.57%	55.76%	55.76%	53.88%	53.88%	50.59%	50.59%	40.90%	38.98%	42.55%	42.55%	36.44%	36.44%	29.28%	29.28%	24.62%	29.77%	27.27%	27.27%	31.52%	31.52%	34.73%	34.73%	24.78%	23.53%	24.17%	20.00%	20.00%	25.34%	25.34%	23.43%	30.74%	32.86%	29.42%	15.25%	16.45%	Infinity%	16.76%	16.76%	15.42%	19.29%	13.85%	18.27%	28.75%	28.75%	26.10%	27.00%	32.03%	29.10%	29.10%
general and administrative	-15,249,000	-15,249,000	-15,783,000	-15,783,000	-11,802,000	-11,802,000	-19,094,000	-59,483,000	-13,283,000	-13,283,000	-12,968,000	-12,968,000		-14,138,000	-21,194,000	-62,364,000	-13,064,000	-13,064,000	-13,921,000	-13,921,000	-14,185,000	-14,185,000	-20,718,000	-54,479,000	-10,384,000	-10,384,000	-12,549,000	-12,549,000	-10,828,000	-10,828,000	-19,159,000	-50,185,000	-10,410,000	-10,410,000	-10,518,000	-10,518,000	-10,098,000	-10,098,000	-18,585,000	-45,605,000	-8,770,000	-8,770,000	-8,062,000	-8,062,000	-10,188,000	-10,188,000	-17,559,000		-10,551,000	-10,551,000	-11,662,000	-11,662,000	-15,778,000		-20,960,000		-12,418,000															-8,174,000		-7,562,000	-8,770,000	-10,352,000	-9,708,000	-9,708,000	-9,957,000				-7,322,000		-7,924,000			-10,509,000
share-based payments	-6,966,000	-6,966,000	-8,134,000	-8,134,000	-5,869,000	-5,869,000	-9,863,000	-24,678,000	-5,069,000	-5,069,000	-4,792,000	-4,792,000		-4,954,000	-5,187,000	-20,921,000	-4,289,000	-4,289,000	-4,591,000	-4,591,000	-6,854,000	-6,854,000	-6,590,000	-24,843,000	-5,808,000	-5,808,000	-4,041,000	-4,041,000	-8,404,000	-8,404,000	-6,736,000	-22,571,000	-5,996,000	-5,996,000	-8,673,000	-8,673,000	-1,166,000	-1,166,000	-1,729,000	-17,129,000	-4,313,000	-4,313,000	-7,440,000	-7,440,000	-3,647,000	-3,647,000	-3,689,000		-3,414,000	-3,414,000	-6,054,000	-6,054,000	-4,747,000		-5,311,000		-9,422,000															-2,087,000		-3,002,000	-3,078,000	-3,647,000	-5,488,000	-5,488,000	-2,665,000				-3,391,000		-4,687,000			-6,070,000
non-recoverable input taxes	-380,000	-380,000	-5,431,000	-5,431,000	-6,846,000	-6,846,000	-2,859,000	-13,211,000	-3,353,000	-3,353,000	-2,695,000	-2,695,000		-4,304,000
write-down of mining interests					-5,118,000	-5,118,000		-636,000			-636,000	-636,000			-2,883,000	-19,905,000
foreign exchange gains	-15,252,000	-15,252,000	12,781,000	12,781,000	7,214,000	7,214,000			5,893,000	5,893,000					-1,432,000								6,385,000						-2,456,000	-2,456,000							3,494,000	3,494,000	-7,299,000	-15,301,000	-3,669,000	-3,669,000	-3,101,000	-3,101,000	-1,232,000	-1,232,000	-1,891,000	1,633,000	2,274,000	2,274,000	-76,000	-76,000	1,029,000	1,029,000	-186,000	4,065,000	2,703,000	2,703,000	1,915,000	1,915,000			1,868,000					319,000	319,000				362,000	1,202,000		-1,166,000						1,666,000							157,000
community relations	-11,021,000	-11,021,000	-559,000	-559,000	-999,000	-999,000	-1,123,000	-2,909,000	-855,000	-855,000	-442,000	-442,000		-489,000	-1,322,000	-5,205,000	-1,158,000	-1,158,000	-1,722,000	-1,722,000	-1,003,000	-1,003,000	-793,000	-2,738,000	-873,000	-873,000	-453,000	-453,000	-619,000	-619,000	-903,000	-3,072,000	-855,000	-855,000	-733,000	-733,000	-581,000	-581,000	-1,568,000	-6,484,000	-690,000	-690,000	-492,000	-492,000	-3,734,000	-3,734,000	-807,000		-1,277,000	-1,277,000	-465,000	-465,000	-1,087,000		-2,538,000		-1,912,000															-958,000		-1,713,000	-1,036,000	-1,089,000	-849,000	-849,000	-1,733,000				-1,509,000		-3,351,000			-2,599,000
share of net income of associates	-2,103,000	-2,103,000	-576,000	-576,000	754,000	754,000	-1,951,000	2,630,000	-98,000	-98,000	2,582,000	2,582,000	2,097,000	2,097,000	2,322,000	19,871,000		5,561,000		7,009,000		4,979,000	1,192,000	10,183,000							4,345,000	17,543,000
impairment of long-lived assets								-876,376,000	-661,160,000	-661,160,000	-215,216,000	-215,216,000																																											-34,207,000		-2,960,000
gain on sale of mining interests								56,115,000	7,453,000	7,453,000	48,662,000	48,662,000
gain on sale of shares in associate								16,822,000			16,822,000	16,822,000
other expense	-6,507,000	-6,507,000	-4,219,000	-4,219,000	-6,251,000	-6,251,000		-29,104,000			-2,322,000	-2,322,000		-5,432,000	-5,365,000	-13,761,000	-1,061,000	-1,061,000			-3,598,000	-3,598,000	-2,909,000	-5,655,000	-1,776,000	-1,776,000
operating income	332,867,000	332,867,000	329,516,000	329,516,000	208,833,000	208,833,000	128,415,000	-248,327,000	-562,181,000	-562,181,000	30,812,000	30,812,000	154,627,000	154,627,000	-35,184,000	327,397,000	27,523,000	27,523,000	159,139,000	159,139,000	175,919,000	175,919,000	231,954,000	502,397,000	54,525,000	54,525,000	97,815,000	97,815,000	118,103,000	118,103,000	237,394,000	714,633,000	218,476,000	218,476,000	108,587,000	108,587,000	150,176,000	150,176,000	235,156,000	1,052,934,000	426,932,000	426,932,000	211,421,000	211,421,000	179,425,000	179,425,000	239,667,000	508,008,000	115,626,000	115,626,000	79,037,000	79,037,000	68,252,000	68,252,000	-6,654,000	219,514,000	67,584,000	67,584,000	75,086,000	75,086,000	83,498,000	83,498,000	20,621,000	86,650,000	21,250,000	19,352,000	19,352,000	25,427,000	25,427,000	15,178,000	126,258,000	35,043,000	28,151,000	-106,068,000	690,000	2,782,000	5,631,000	5,631,000	-473,162,000			4,131,000	25,140,000	25,140,000	17,973,000	113,592,000	18,680,000	61,997,000	61,997,000
yoy	59.39%	59.39%	156.60%	-232.69%	-137.15%	-137.15%	316.77%	-905.94%	-463.57%	-463.57%	-187.57%	-90.59%	461.81%	461.81%	-122.11%	105.73%	-84.35%	-84.35%	-31.39%	-68.32%	222.64%	222.64%	137.14%	413.62%	-53.83%	-53.83%	-58.80%	-86.31%	-45.94%	-45.94%	118.62%	558.12%	45.48%	45.48%	-53.82%	-89.69%	-64.82%	-64.82%	11.23%	398.03%	137.94%	137.94%	-11.79%	-58.38%	55.18%	55.18%	203.23%	542.75%	69.41%	69.41%	-1287.81%	-63.99%	0.99%	0.99%	-108.86%	192.35%	-19.06%	-19.06%	264.12%	-13.35%	292.93%	331.47%	6.56%	240.78%	-16.43%	27.50%	-84.67%	-27.44%	-9.68%	-114.31%	18198.26%	1159.63%	399.93%	-1983.64%	-100.15%			36.31%	-1982.11%			-96.36%	34.58%	-59.45%	-71.01%
qoq	0.00%	1.02%	0.00%	57.79%	0.00%	62.62%	-151.71%	-55.83%	0.00%	-1924.55%	0.00%	-80.07%	0.00%	-539.48%	-110.75%	1089.54%	0.00%	-82.71%	0.00%	-9.54%	0.00%	-24.16%	-53.83%	821.41%	0.00%	-44.26%	0.00%	-17.18%	0.00%	-50.25%	-66.78%	227.10%	0.00%	101.20%	0.00%	-27.69%	0.00%	-36.14%	-77.67%	146.63%	0.00%	101.93%	0.00%	17.83%	0.00%	-25.14%	-52.82%	339.35%	0.00%	46.29%	0.00%	15.80%	0.00%	-1125.73%	-103.03%	224.80%	0.00%	-9.99%	0.00%	-10.07%	0.00%	304.92%	-76.20%	307.76%	9.81%	0.00%	-23.89%	0.00%	67.53%	-87.98%	260.29%	24.48%	-126.54%	-15472.17%	-75.20%	-50.59%	0.00%	-101.19%				-83.57%	0.00%	39.88%	-84.18%	508.09%	-69.87%	0.00%
operating margin %	42.51%	42.51%	47.60%	47.60%	39.25%	39.25%	25.69%	-13.06%	-125.42%	-125.42%	6.26%	6.26%	33.51%	33.51%	-6.87%	16.93%	5.76%	5.76%	33.80%	33.80%	37.15%	37.15%	39.15%	29.00%	13.89%	13.89%	25.61%	25.61%	32.31%	32.31%	45.12%	40.55%	42.77%	42.77%	29.91%	29.91%	41.45%	41.45%	49.04%	58.86%	87.64%	87.64%	47.84%	47.84%	47.18%	47.18%	76.41%	43.96%	37.20%	37.20%	29.58%	29.58%	22.63%	22.63%	-2.45%	17.92%	20.87%	20.87%	26.36%	26.36%	24.25%	24.25%	11.85%	13.57%	13.79%	11.78%	11.78%	17.39%	17.39%	8.38%	18.48%	21.26%	19.52%	-76.30%	0.50%	Infinity%	4.05%	4.05%	-386.50%	0%	0%	3.44%	19.49%	19.49%	13.02%	20.87%	14.51%	50.55%	50.55%
losses on derivative instruments	-105,701,000	-105,701,000																																							-721,000	-721,000
change in fair value of gold stream	-28,100,000	-28,100,000	-21,754,000	-21,754,000	-30,552,000	-30,552,000	-5,629,000	-26,825,000	-1,957,000	-1,957,000	-8,387,000	-8,387,000		-10,852,000	-18,800,000	-12,300,000	7,600,000	7,600,000
interest and financing expense	-4,730,000	-4,730,000	-4,854,000	-4,854,000	-5,723,000	-5,723,000	-10,846,000	-34,848,000	-6,966,000	-6,966,000	-7,465,000	-7,465,000		-9,571,000	-4,893,000	-13,925,000	-3,190,000	-3,190,000	-2,916,000	-2,916,000	-2,926,000	-2,926,000	-2,859,000	-10,842,000	-2,709,000	-2,709,000	-2,691,000	-2,691,000	-2,583,000	-2,583,000	-2,741,000	-11,798,000	-3,112,000	-3,112,000	-3,049,000	-3,049,000	-2,896,000	-2,896,000	-2,846,000	-15,803,000	-3,389,000	-3,389,000	-5,051,000	-5,051,000	-4,517,000	-4,517,000	-4,910,000		-7,123,000	-7,123,000	-7,078,000	-7,078,000	-7,768,000		-7,379,000		-7,585,000															-2,906,000		-3,075,000	-3,062,000	-8,259,000	-1,708,000	-1,708,000	-1,277,000						-1,080,000			-428,000
interest income	3,035,000	3,035,000	2,913,000	2,913,000	3,172,000	3,172,000	3,597,000	20,734,000	4,011,000	4,011,000	7,671,000	7,671,000	5,455,000	5,455,000	2,778,000	18,519,000	3,887,000	3,887,000	6,035,000	6,035,000	5,819,000	5,819,000	4,168,000	11,964,000
loss on dilution of associate
other income	416,000	416,000	1,729,000	1,729,000	356,000	356,000	5,200,000		-26,550,000	-26,550,000	12,000	12,000	143,000	143,000	1,012,000	-4,057,000	-951,000	-951,000	-3,618,000	-10,817,000	-1,600,000	-1,600,000	1,616,000	8,129,000	3,621,000	3,621,000	1,062,000	1,062,000	7,756,000	7,756,000
income from operations before taxes	197,787,000	197,787,000	286,397,000	286,397,000	132,767,000	132,767,000	108,305,000	-309,224,000	-571,694,000	-571,694,000	24,070,000	24,070,000	130,095,000	130,095,000	-56,480,000	320,333,000	40,536,000	40,536,000	159,422,000	159,422,000	176,855,000	176,855,000	235,551,000	530,617,000	46,686,000	46,686,000	105,805,000	105,805,000	142,575,000	142,575,000	234,862,000	726,227,000	220,891,000	220,891,000	115,483,000	115,483,000	154,991,000	154,991,000
current income tax, withholding and other taxes	-143,945,000	-143,945,000	-160,174,000	-160,174,000	-86,083,000	-86,083,000	-86,641,000	-319,726,000	-74,804,000	-74,804,000	-96,697,000	-96,697,000		-61,584,000	-73,926,000	-290,081,000	-68,210,000	-68,210,000	-71,205,000	-71,205,000	-76,740,000	-76,740,000	-107,496,000	-247,811,000	-32,520,000	-32,520,000	-60,141,000	-60,141,000	-47,654,000	-47,654,000	-96,049,000	-270,669,000	-83,024,000	-83,024,000	-50,470,000	-50,470,000	-41,126,000	-41,126,000	-79,662,000	-309,913,000	-84,552,000	-84,552,000	-82,229,000	-82,229,000	-63,470,000	-63,470,000	-30,076,000		-34,681,000	-34,681,000	-24,123,000	-24,123,000	-27,181,000		-20,020,000																			-4,836,000	-4,903,000	-1,728,000			-5,305,000				-9,459,000		-6,541,000			-3,128,000
deferred income tax (expense) recovery	-30,719,000						-30,989,000																				-4,978,000																										-11,845,000		-1,843,000																						-1,533,000	-1,533,000
net income for the period	23,123,000	23,123,000	160,753,000	160,753,000	62,564,000	62,564,000	-9,325,000		-631,032,000	-631,032,000	-34,777,000	-34,777,000	48,481,000	48,481,000	-117,396,000		-34,770,000	-34,770,000	91,850,000	91,850,000	101,904,000	101,904,000	176,468,000		-21,234,000	-21,234,000	40,686,000	40,686,000	90,803,000	90,803,000	153,140,000		134,871,000	134,871,000	73,982,000	73,982,000	98,832,000	98,832,000	174,405,000		277,039,000	277,039,000	137,961,000	137,961,000	83,008,000	83,008,000	182,413,000		65,583,000	65,583,000	41,322,000	41,322,000	26,523,000	26,523,000	-49,676,000		16,036,000	16,036,000	21,333,000	21,333,000	57,428,000	57,428,000	34,466,000		12,393,000	19,264,000	19,264,000			8,077,000		-11,806,000	6,651,000		-13,585,000	-22,784,000	6,341,000	6,341,000	-356,750,000				-23,978,000		26,220,000		7,949,000	33,071,000	33,071,000
attributable to:
shareholders of the company	19,313,000	19,313,000	154,424,000	154,424,000	57,587,000	57,587,000	-11,881,000	-629,891,000	-633,757,000	-633,757,000	-24,004,000	-24,004,000	39,751,000	39,751,000	-113,224,000	10,097,000	-43,070,000	-43,070,000	80,418,000	80,418,000	85,973,000	85,973,000	157,756,000	252,873,000	-23,410,000	-23,410,000	37,804,000	37,804,000	80,723,000	80,723,000	136,943,000	420,065,000	123,110,000	123,110,000	68,457,000	68,457,000	91,555,000	91,555,000	168,462,000	628,063,000	262,868,000	262,868,000	124,446,000	124,446,000	72,287,000	72,287,000	177,414,000	293,382,000	55,769,000	55,769,000	37,904,000	37,904,000	22,295,000	22,295,000	-58,948,000	28,938,000	10,598,000	10,598,000	20,806,000	20,806,000	56,482,000	56,482,000	29,879,000	56,852,000	11,443,000	21,029,000	21,029,000			6,221,000	39,131,000	-10,330,000	8,317,000	-119,941,000	-15,082,000	-21,185,000	6,262,000	6,262,000	-355,625,000				-24,005,000		26,220,000	67,303,000	7,949,000	33,071,000	33,071,000
non-controlling interests	3,810,000	3,810,000	6,329,000	6,329,000	4,977,000	4,977,000	2,556,000	3,238,000	2,725,000	2,725,000	-10,773,000	-10,773,000	8,730,000	8,730,000	-4,172,000	31,491,000	8,300,000	8,300,000	11,432,000	11,432,000	15,931,000	15,931,000	18,712,000	33,850,000	2,176,000	2,176,000	2,882,000	2,882,000	10,080,000	10,080,000	16,197,000	40,760,000	11,761,000	11,761,000	5,525,000	5,525,000	7,277,000	7,277,000	5,943,000	44,350,000	14,171,000	14,171,000	13,515,000	13,515,000	10,721,000	10,721,000	4,999,000	22,459,000	9,814,000	9,814,000	3,418,000	3,418,000	4,228,000	4,228,000	9,272,000	16,183,000	5,438,000	5,438,000	527,000	527,000	946,000	946,000	4,587,000	4,714,000	950,000			942,000	942,000	1,856,000		-1,476,000		4,856,000	1,497,000	-1,599,000	79,000	79,000	-1,125,000			18,000	27,000	27,000
earnings per share
basic	0.01	0.01	0.12	0.12	0.04	0.04	-0.01	-0.48	-0.48	-0.48	-0.02	-0.02	0.03	0.03	-0.09	0.01	-0.03	-0.03	0.06	0.06	0.08	0.08	0.15	0.24	-0.02	-0.02	0.04	0.04	0.08	0.08	0.13	0.4	0.12	0.12	0.07	0.07	0.09	0.09	0.16	0.6	0.25	0.25	0.12	0.12	0.07	0.07	0.17	0.28	0.04	0.04	0.04	0.04	0.02	0.02	-0.06	0.03	0.01	0.01	0.02	0.02	0.06	0.06	0.03	0.06	0.01	0.02	0.02			0.01	0.04								-0.39				-0.04		0.04	0.11		0.05	0.05
diluted	0.01	0.01	0.1	0.1	0.04	0.04	-0.01	-0.48	-0.48	-0.48	-0.02	-0.02	0.03	0.03	-0.09	0.01	-0.03	-0.03	0.06	0.06	0.08	0.08	0.15	0.24	-0.02	-0.02	0.04	0.04	0.08	0.08	0.13	0.4	0.12	0.12	0.06	0.06	0.09	0.09	0.16	0.59	0.25	0.25	0.12	0.12	0.07	0.07	0.17	0.28	0.04	0.04	0.04	0.04	0.02	0.02	-0.06	0.02	0.01	0.01	0.02	0.02	0.04	0.04	0.03	0.06		0.02	0.02				0.04								-0.39				-0.04		0.02	0.07		0.05	0.05
weighted-average number of common shares outstanding
basic	1,324,279	1,324,279	1,321,740	1,321,740	1,318,390	1,318,390	1,313,960	1,308,850	1,310,994	1,310,994	1,307,176	1,307,176	1,303,191	1,303,191	1,300,791	1,232,092	1,297,175	1,297,175	1,251,832	1,251,832	1,075,402	1,075,402	1,074,448	1,064,259	1,064,301	1,064,301	1,061,270	1,061,270	1,056,824	1,056,824	1,055,833	1,053,809	1,054,747	1,054,747	1,053,054	1,053,054	1,051,544	1,051,544	1,050,752	1,043,385	1,046,973	1,046,973	1,040,661	1,040,661	1,035,032	1,035,032	1,027,001	1,014,100	1,019,307	1,019,307	1,008,345	1,008,345	1,001,410	1,001,410	991,293	986,755	988,795	988,795	984,650	984,650	982,160	982,160	979,691	976,366	978,680	976,527	976,527	970,440	970,440	960,976	941,737	930,235	927,139	924,241	924,101	923,035	917,660	917,660	914,931	741,097	700,755	674,877	671,755	671,755	651,005	636,130	647,787	643,681	643,681
diluted	1,482,386	1,482,386	1,477,021	1,477,021	1,469,206	1,469,206	1,313,960	1,308,850	1,310,994	1,310,994	1,307,176	1,307,176	1,307,674	1,307,674	1,300,791	1,237,404	1,297,175	1,297,175	1,257,804	1,257,804	1,081,084	1,081,084	1,080,704	1,071,004	1,064,301	1,064,301	1,068,276	1,068,276	1,062,492	1,062,492	1,062,139	1,061,542	1,060,687	1,060,687	1,063,900	1,063,900	1,062,006	1,062,006	1,064,599	1,056,302	1,063,818	1,063,818	1,058,388	1,058,388	1,047,943	1,047,943	1,038,672	1,022,915	1,031,301	1,031,301	1,016,322	1,016,322	1,015,484	1,015,484	991,293	1,047,368	999,347	999,347	1,063,853	1,063,853	1,063,532	1,063,532	993,848	991,413	1,058,345	1,058,008	1,058,008	970,440	970,440	1,044,461	955,145	930,235	930,800	924,241	924,101	923,035	986,422	986,422	914,931	741,097	700,755	674,877	671,755	671,755	719,717	663,785	679,159	646,609	646,609
deferred income tax		-30,719,000												-20,030,000														-4,978,000																																																											270,000	-3,029,000
gains on derivative instruments			-21,153,000	-21,153,000	-43,319,000	-43,319,000	2,837,000	-2,837,000	-6,378,000	-6,378,000	429,000	429,000	275,000	275,000	-1,393,000	4,699,000	5,667,000	5,667,000	782,000	782,000	-357,000	-357,000	672,000	18,969,000	-8,751,000	-8,751,000	7,749,000	7,749,000	19,299,000	19,299,000	1,349,000	24,373,000	5,484,000	5,484,000	9,491,000	9,491,000	8,049,000	8,049,000	6,427,000	-5,706,000			3,430,000	3,430,000	-14,842,000	-14,842,000		1,580,000					6,246,000	6,246,000
gain on dilution of associate
deferred income tax recovery			34,530,000	34,530,000	15,880,000	15,880,000		2,297,000	15,466,000	15,466,000	37,850,000	37,850,000			13,010,000	11,336,000			3,633,000	3,633,000	1,789,000	1,789,000	48,413,000	3,917,000							14,327,000	5,267,000			8,969,000	8,969,000			14,314,000				9,282,000	9,282,000							971,000	971,000									8,948,000	8,948,000	23,460,000	20,170,000		2,761,000	2,761,000					3,437,000	8,573,000	11,192,000		2,383,000			109,576,000	109,316,000			878,000	878,000	6,575,000	3,097,000
losses on dilution on associate
weighted-average number of common sharesoutstanding
basic	1,324,279	1,324,279	1,321,740	1,321,740	1,318,390	1,318,390	1,313,960	1,308,850	1,310,994	1,310,994	1,307,176	1,307,176	1,303,191	1,303,191	1,300,791	1,232,092	1,297,175	1,297,175	1,251,832	1,251,832	1,075,402	1,075,402	1,074,448	1,064,259	1,064,301	1,064,301	1,061,270	1,061,270	1,056,824	1,056,824	1,055,833	1,053,809	1,054,747	1,054,747	1,053,054	1,053,054	1,051,544	1,051,544	1,050,752	1,043,385	1,046,973	1,046,973	1,040,661	1,040,661	1,035,032	1,035,032	1,027,001	1,014,100	1,019,307	1,019,307	1,008,345	1,008,345	1,001,410	1,001,410	991,293	986,755	988,795	988,795	984,650	984,650	982,160	982,160	979,691	976,366	978,680	976,527	976,527	970,440	970,440	960,976	941,737	930,235	927,139	924,241	924,101	923,035	917,660	917,660	914,931	741,097	700,755	674,877	671,755	671,755	651,005	636,130	647,787	643,681	643,681
diluted	1,482,386	1,482,386	1,477,021	1,477,021	1,469,206	1,469,206	1,313,960	1,308,850	1,310,994	1,310,994	1,307,176	1,307,176	1,307,674	1,307,674	1,300,791	1,237,404	1,297,175	1,297,175	1,257,804	1,257,804	1,081,084	1,081,084	1,080,704	1,071,004	1,064,301	1,064,301	1,068,276	1,068,276	1,062,492	1,062,492	1,062,139	1,061,542	1,060,687	1,060,687	1,063,900	1,063,900	1,062,006	1,062,006	1,064,599	1,056,302	1,063,818	1,063,818	1,058,388	1,058,388	1,047,943	1,047,943	1,038,672	1,022,915	1,031,301	1,031,301	1,016,322	1,016,322	1,015,484	1,015,484	991,293	1,047,368	999,347	999,347	1,063,853	1,063,853	1,063,532	1,063,532	993,848	991,413	1,058,345	1,058,008	1,058,008	970,440	970,440	1,044,461	955,145	930,235	930,800	924,241	924,101	923,035	986,422	986,422	914,931	741,097	700,755	674,877	671,755	671,755	719,717	663,785	679,159	646,609	646,609
foreign exchange losses							-15,850,000	-23,692,000			-11,356,000	-11,356,000		-2,379,000		-16,020,000	-11,739,000	-11,739,000	-2,253,000	-2,253,000	-596,000	-596,000		-10,054,000	-7,982,000	-7,982,000	-6,001,000	-6,001,000			-2,137,000	-5,895,000	-2,718,000	-2,718,000	-4,534,000	-4,534,000																																				-2,147,000			-1,456,000		-1,749,000	-1,749,000	-3,533,000				-332,000		-3,092,000
restructuring charges																-12,151,000	-5,071,000	-5,071,000
losses on dilution of associate								-8,984,000
net income								-626,653,000								41,588,000								286,723,000								460,825,000								672,413,000								315,841,000
yoy
qoq
net income margin %	0%	0%	0%	0%	0%	0%	0%	-32.95%	0%	0%	0%	0%	0%	0%	0%	2.15%	0%	0%	0%	0%	0%	0%	0%	16.55%	0%	0%	0%	0%	0%	0%	0%	26.15%	0%	0%	0%	0%	0%	0%	0%	37.59%	0%	0%	0%	0%	0%	0%	0%	27.33%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
gains on dilution of associate											998,000	998,000
dilution loss on associate														-9,982,000
(impairment) reversal of impairment of long-lived assets															-205,666,000		-111,597,000		-4,885,000												-5,905,000
loss on sale on sale of mining interest
loss on sale of mining interest
write-down of mineral property interests																	-565,000	-565,000			-16,457,000	-16,457,000	-5,281,000	-12,366,000	-3,927,000	-3,927,000	-3,158,000	-3,158,000			-15,000	-15,000							98,000	-11,353,000	-11,451,000	-11,451,000					-4,953,000		-972,000	-972,000	-1,352,000	-1,352,000			-8,899,000		-499,000
share of net income of associate																	5,561,000		7,009,000		4,979,000				2,080,000	2,080,000	4,139,000	4,139,000	2,772,000	2,772,000			3,851,000	3,851,000	4,281,000	4,281,000	5,066,000	5,066,000	8,655,000	22,167,000							1,114,000	1,114,000
loss on sale of mineral property
deferred income tax expense																	-7,096,000	-7,096,000							-35,400,000	-35,400,000			-4,118,000	-4,118,000			-2,996,000	-2,996,000			-15,033,000	-15,033,000		-52,102,000	-62,289,000	-62,289,000			-13,409,000	-13,409,000	-28,298,000		-19,684,000	-19,684,000							-18,679,000																		-4,540,000
other (expenses) income																			-10,817,000
net gains on sale of mineral properties																								-2,804,000
reversal of impairment																								909,000																								100,477,000
reversal of impairment of long-lived assets																											909,000	909,000												174,309,000	174,309,000	174,309,000
loss on sale of mineral property interests																									-2,804,000	-2,804,000
other																													-2,032,000	-2,032,000	-2,310,000	-6,282,000	-563,000	-563,000	547,000	547,000	-3,956,000	-3,956,000	-529,000	-5,957,000	-1,000,000	-1,000,000	-3,855,000	-3,855,000	-573,000	-573,000	-1,128,000		-2,495,000	-2,495,000	309,000	309,000	-618,000		-2,773,000	745,000	305,000	305,000					398,000	7,101,000								-2,049,000		-1,872,000	-821,000	-1,057,000	-729,000	-729,000	-5,300,000	2,386,000	352,000	923,000	-910,000	1,468,000	-1,788,000			-1,111,000
net gain on disposal of burkina faso assets																															22,463,000	22,463,000
gain on sale of nicaraguan group																																															40,129,000	40,129,000
income from continuing operations before taxes																																							239,753,000	1,034,428,000	423,880,000	423,880,000	210,908,000	210,908,000	159,887,000	159,887,000	237,076,000	482,389,000	104,286,000	104,286,000	68,143,000	68,143,000
net income from continuing operations																																							174,405,000	672,413,000	277,039,000	277,039,000	137,961,000	137,961,000	83,008,000	83,008,000	178,702,000	308,859,000	49,921,000	49,921,000	44,991,000	44,991,000
net income from discontinued operations attributable to shareholders of the company																																															3,711,000	6,982,000
earnings per share from continuing operations
basic	0.01	0.01	0.12	0.12	0.04	0.04	-0.01	-0.48	-0.48	-0.48	-0.02	-0.02	0.03	0.03	-0.09	0.01	-0.03	-0.03	0.06	0.06	0.08	0.08	0.15	0.24	-0.02	-0.02	0.04	0.04	0.08	0.08	0.13	0.4	0.12	0.12	0.07	0.07	0.09	0.09	0.16	0.6	0.25	0.25	0.12	0.12	0.07	0.07	0.17	0.28	0.04	0.04	0.04	0.04	0.02	0.02	-0.06	0.03	0.01	0.01	0.02	0.02	0.06	0.06	0.03	0.06	0.01	0.02	0.02			0.01	0.04								-0.39				-0.04		0.04	0.11		0.05	0.05
diluted	0.01	0.01	0.1	0.1	0.04	0.04	-0.01	-0.48	-0.48	-0.48	-0.02	-0.02	0.03	0.03	-0.09	0.01	-0.03	-0.03	0.06	0.06	0.08	0.08	0.15	0.24	-0.02	-0.02	0.04	0.04	0.08	0.08	0.13	0.4	0.12	0.12	0.06	0.06	0.09	0.09	0.16	0.59	0.25	0.25	0.12	0.12	0.07	0.07	0.17	0.28	0.04	0.04	0.04	0.04	0.02	0.02	-0.06	0.02	0.01	0.01	0.02	0.02	0.04	0.04	0.03	0.06		0.02	0.02				0.04								-0.39				-0.04		0.02	0.07		0.05	0.05
earnings per share
share of income of associate																																									10,877,000	10,877,000	-3,765,000	-3,765,000	6,400,000	6,400,000
income from discontinued operations attributable to shareholders of the company
loss from discontinued operations attributable to shareholders of the company
reversal of impairment (impairment) of long-lived assets																																															100,477,000
(provision for) recovery of non-recoverable input taxes																																															-313,000		-185,000
unrealized gain on fair value of convertible notes																																																								10,651,000	-1,441,000		878,000	878,000	11,214,000	11,214,000			8,046,000	2,478,000	2,478,000			5,927,000				1,061,000	12,513,000
gain on derivative instruments																																															2,404,000		-4,156,000	-4,156,000	-2,914,000	-2,914,000
recovery of non-recoverable input taxes																																																57,000				505,000
income from discontinued operations																																																	15,662,000	15,662,000		-3,669,000
(benefit from) recovery of non-recoverable input taxes																																																		-185,000
unrealised gain on fair value convertible notes
recovery of (provision for) non-recoverable input taxes																																																			505,000
loss from discontinued operations																																																			-3,669,000
benefit from non-recoverable input taxes																																																					50,000		-1,312,000		1,558,000	1,558,000							208,000							-787,000			28,000	-637,000	26,000	26,000
income before taxes																																																					65,549,000	65,549,000	-27,813,000	192,713,000	61,163,000	61,163,000	71,404,000	71,404,000	87,959,000	87,959,000	24,273,000	68,896,000	25,221,000	19,001,000	19,001,000	401,000	401,000	32,538,000	68,530,000	-11,253,000	2,423,000		-4,142,000	-23,439,000	5,578,000	5,578,000	-461,021,000				-15,397,000		26,186,000	87,105,000
provision for non-recoverable input taxes																																																						50,000																				-77,000					-13,503,000
gain on sale of lynn lake royalty																																																																6,593,000		6,593,000	6,593,000
realized gains on derivative instruments																																																							1,318,000		1,732,000	1,732,000	1,196,000	1,196,000	923,000	923,000
unrealized gains on derivative instruments																																																							-13,026,000		2,269,000	2,269,000	3,895,000	3,895,000	2,105,000	2,105,000			2,454,000	2,867,000	2,867,000								-9,190,000	-5,727,000			-1,992,000		995,000	1,035,000					784,000
write-down of long-term investments																																																																								-182,000		-1,537,000	-3,360,000	-517,000	-1,338,000	-1,338,000	-4,187,000				-262,000		-2,071,000			-14,987,000
realized gain on derivative instruments																																																								5,169,000
unrealized gain on derivative instruments																																																															9,700,000	9,684,000						20,265,000	22,697,000
net income for the year																																																								45,121,000								61,566,000							38,600,000															67,303,000
current income tax, withholding and other taxes expense																																																									-26,448,000
loss on sale of mineral properties
realized loss on derivative instruments
unrealized loss on fair value of convertible notes																																																																												-8,364,000
realized losses on derivative instruments																																																																								-3,752,000		-1,928,000	-891,000	-1,994,000	-554,000	-554,000	-594,000				-566,000		-1,574,000
unrealized losses on derivative instruments																																																																								-650,000		-8,477,000			-93,000	-93,000					-88,000
gain on sale of mineral properties
write-off of mineral property interests																																																																								-3,867,000		-7,978,000	-8,117,000				-21,101,000
loss on fair value of convertible notes																																																																								-37,434,000											-38,287,000
gain on sale of bellavista property																																																																													2,192,000	2,192,000
current income tax, withholding and other taxes (expense) recovery																																																																								-3,990,000
loss per share
basic																																																																								-0.01		-0.13	-0.02	-0.02
diluted																																																																								-0.01		-0.13	-0.02	-0.02
gain on fair value of convertible notes																																																																													1,693,000	1,693,000	20,970,000	9,797,000	31,522,000				14,182,000	22,815,000	8,633,000
income per share
basic																																																																									0.01				0.01	0.01
diluted																																																																									0.01
impairment of goodwill and other long-lived assets																																																																										-107,984,000					-435,981,000
loss before taxes																																																																										-121,441,000
net loss for the period																																																																										-115,085,000
current income tax, withholding and other taxes recovery																																																																													2,296,000	2,296,000
inventory fair value adjustments on cga acquisition																																																																																								-515,000
cga acquisition costs
gain on sale of brucejack royalty																																																																																						44,496,000		44,496,000	44,496,000
convertible notes transaction costs																																																																																					-657,000
operating (loss) income
accretion of mine restoration provisions																																																																																			-298,000		-574,000			-652,000
earnings per share (attributable to shareholders
of the company)
basic
diluted
interest and financing costs																																																																																			-995,000
unrealized gains/(losses) on derivative instruments																																																																																					3,005,000
income before withholding and other taxes																																																																																							14,421,000	39,228,000	39,228,000
earnings per share (attributable to shareholders of the
company)
basic																																																																																							0.01
diluted
foreign exchange gains/																																																																																								157,000
unrealized																																																																																								-4,035,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2014-11-14

assets
current assets
cash and cash equivalents	43,289
trade and other receivables	824
total current assets	44,113
non-current assets
property, plant and equipment	1,492
exploration and evaluation assets	72,196
total non-current assets	73,688
total assets	117,801
liabilities
current liabilities
trade and other payables	5,315
total current liabilities	5,315
total liabilities	5,315
net assets	112,486
equity
contributed equity	127,143
reserves	11,870
accumulated losses
equity attributable to members of papillon resources
limited	111,599
non-controlling interest	887
total equity	112,486

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-05-07	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-05-07	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-05-09	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-05-03	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-05-04	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-05-05	2020-03-31	2019-12-31	2019-09-30	2019-03-31	2018-09-30	2017-09-30	2017-06-30	2017-05-03	2017-03-14	2014-12-31	2014-05-14	2014-03-31	2013-12-31	2013-09-30	2013-08-13

gold revenue	90,742,000	160,099,000	532,107,000	532,107,000	1,902,030,000	-44,340,000	31,125,000	461,444,000	461,444,000	1,934,272,000	7,034,000
cost of sales
production costs	-34,791,000	1,631,000	-161,994,000	-161,994,000	-681,828,000	-41,109,000			-156,745,000	-616,197,000	-18,663,000
depreciation and depletion	-1,960,000	-13,148,000	-89,557,000	-89,557,000	-367,408,000	6,957,000			-90,446,000	-402,371,000	-6,906,000																												25,310,000	25,310,000	85,855,000	21,190,000	18,906,000
royalties and production taxes	-15,083,000	-34,895,000	-42,806,000	-42,806,000	-146,599,000	160,000			-30,027,000	-135,703,000	-1,278,000
total cost of sales	-51,834,000	-46,412,000	-294,357,000	-294,357,000	-1,195,835,000	-33,992,000			-277,218,000	-1,154,271,000	-26,847,000
gross profit	38,908,000	113,687,000	237,750,000	237,750,000	706,195,000	-78,332,000	28,947,000	184,226,000	184,226,000	780,001,000	-19,813,000
general and administrative	534,000	-3,981,000	-11,802,000	-11,802,000	-59,483,000	-315,000			-14,138,000	-62,364,000	857,000
share-based payments	1,168,000	-2,265,000	-5,869,000	-5,869,000	-24,678,000	-277,000			-4,954,000	-20,921,000	302,000																												3,391,000	3,391,000	18,328,000	4,656,000	6,070,000
non-recoverable input taxes	5,051,000	1,415,000	-6,846,000	-6,846,000	-13,211,000	-658,000			-4,304,000
write-down of mining interests			-5,118,000	-5,118,000	-636,000					-19,905,000
foreign exchange gains	-28,033,000	5,567,000	7,214,000	7,214,000
community relations	-10,462,000	440,000	-999,000	-999,000	-2,909,000	-413,000			-489,000	-5,205,000	564,000
share of net income of associates	-1,527,000	-1,330,000	754,000	754,000	2,630,000	-2,680,000	485,000	2,097,000	2,097,000	19,871,000
impairment of long-lived assets					-876,376,000	-445,944,000
gain on sale of mining interests					56,115,000	-41,209,000
gain on sale of shares in associate					16,822,000
other expense	-2,288,000	2,032,000	-6,251,000	-6,251,000	-29,104,000				-5,432,000	-13,761,000
operating income	3,351,000	120,683,000	208,833,000	208,833,000	-248,327,000	-592,993,000	-123,815,000	154,627,000	154,627,000	327,397,000	-131,616,000
losses on derivative instruments
change in fair value of gold stream	-6,346,000	8,798,000	-30,552,000	-30,552,000	-26,825,000	6,430,000			-10,852,000	-12,300,000
interest and financing expense	124,000	869,000	-5,723,000	-5,723,000	-34,848,000	499,000			-9,571,000	-13,925,000	-274,000
interest income	122,000	-259,000	3,172,000	3,172,000	20,734,000	-3,660,000	2,216,000	5,455,000	5,455,000	18,519,000	-2,148,000
loss on dilution of associate
other income	-1,313,000	1,373,000	356,000	356,000		-26,562,000	-131,000	143,000	143,000	-4,057,000	2,667,000
income from operations before taxes	-88,610,000	153,630,000	132,767,000	132,767,000	-309,224,000	-595,764,000	-106,025,000	130,095,000	130,095,000	320,333,000	-118,886,000
current income tax, withholding and other taxes	16,229,000	-74,091,000	-86,083,000	-86,083,000	-319,726,000	21,893,000			-61,584,000	-290,081,000	2,995,000
deferred income tax (expense) recovery
net income for the period	-137,630,000	98,189,000	62,564,000	62,564,000		-596,255,000	-83,258,000	48,481,000	48,481,000		-126,620,000	-10,054,000	101,904,000	101,904,000		-61,920,000	-50,117,000	90,803,000	90,803,000		60,889,000	-24,850,000	98,832,000	98,832,000								26,523,000	-5,297,000	-6,871,000					-23,978,000			7,949,000	33,071,000
attributable to:
shareholders of the company	-135,111,000	96,837,000	57,587,000	57,587,000	-629,891,000	-609,753,000	-63,755,000	39,751,000	39,751,000	10,097,000	-123,488,000
non-controlling interests	-2,519,000	1,352,000	4,977,000	4,977,000	3,238,000	13,498,000	-19,503,000	8,730,000	8,730,000	31,491,000	-3,132,000
earnings per share
basic	-110	80	40	40	-480	-460	-50	30	30	10	-90
diluted	-90	60	40	40	-480	-460	-50	30	30	10	-90
weighted-average number of common shares outstanding
b2gold corp. condensed interim consolidated statements of cash flows for the three and nine months ended september 30
operating activities
mine restoration provisions settled	50,000	-114,000	-493,000		-2,088,000	123,000			-291,000	-2,297,000	235,000				-793,000					-343,000					-425,000		170,000	-189,000	-189,000										-256,000
non-cash charges	160,657,000	-41,153,000	181,923,000		1,289,104,000	522,578,000	75,720,000	151,322,000	151,322,000	794,961,000	119,150,000	-14,123,000	121,532,000	121,532,000	425,944,000	61,970,000	25,425,000	72,960,000	72,960,000	369,556,000	54,411,000	-7,352,000	75,199,000	75,199,000	198,058,000	-103,879,000	-29,638,000	104,529,000	104,529,000	187,720,000	38,962,000	64,350,000	14,772,000	752,000	-20,751,000	47,376,000	245,434,000	790,827,000
delivery into prepaid sales
proceeds from prepaid sales					500,023,000			500,023,000	500,023,000																										0	15,000,000	120,000,000
changes in non-cash working capital	42,067,000	43,702,000	-14,840,000		-155,179,000	83,285,000	-101,694,000	21,985,000	21,985,000	-6,538,000	-43,391,000	8,826,000	6,226,000	6,226,000	-48,604,000	-25,626,000	35,999,000	-44,735,000	-44,735,000	-104,615,000	203,983,000	-121,246,000	-24,866,000	-24,866,000	86,777,000	24,017,000	-3,185,000	31,743,000	31,743,000		11,599,000							3,773,000	-22,579,000		3,484,000	3,503,000
changes in long-term inventory	-30,557,000	-19,369,000	-10,957,000		-55,413,000	-88,471,000
changes in long-term value added tax receivables	25,815,000	-4,962,000	-39,409,000		-72,190,000	209,000			-14,945,000	-94,724,000	-3,746,000	7,090,000	-25,839,000	-25,839,000	-67,472,000	-6,185,000	6,262,000	-11,718,000	-11,718,000	-1,310,000	9,316,000	-722,000	-3,311,000	-3,311,000	-6,178,000	3,438,000	-424,000	-2,878,000	-2,878,000		-1,348,000						12,266,000
cash provided (used) by operating activities
financing activities
proceeds from convertible senior unsecured notes, net of financing costs
drawdown of revolving credit facility
repayment of revolving credit facility			-400,000,000						-150,000,000																-450,000,000			-25,000,000	-25,000,000		-50,000,000
equipment loan facility draw downs	1,125,000
repayment of equipment loan facilities	468,000	247,000	-4,402,000		-11,042,000	539,000			-2,387,000	-13,301,000	-561,000	691,000	-3,578,000	-3,578,000	-19,802,000	3,826,000	2,085,000	-6,790,000	-6,790,000	-28,797,000	107,000	-116,000	-7,227,000	-7,227,000	-28,445,000	-329,000	5,859,000	-10,796,000	-10,796,000		4,213,000
interest and commitment fees paid	-6,667,000	2,346,000	-3,494,000		-11,648,000	15,000			-3,579,000	-4,582,000	-225,000	-116,000	-1,002,000	-1,002,000	-4,456,000	371,000	132,000	-1,228,000	-1,228,000	-6,232,000	-3,145,000	89,000	-911,000	-911,000	-12,451,000	1,194,000	-352,000	-3,776,000	-3,776,000		602,000								-6,024,000
cash proceeds from stock option exercises	25,233,000	1,705,000	2,231,000		3,122,000	-788,000	269,000	1,088,000	1,088,000	12,854,000	3,022,000	1,020,000	2,444,000	2,444,000	14,276,000	-8,265,000	4,569,000	4,031,000	4,031,000	6,435,000	861,000	330,000	752,000	752,000	46,152,000
repurchase of common shares
dividends paid	40,000	-407,000	-25,552,000		-184,632,000	-243,000			-45,989,000	-186,724,000	6,352,000	-8,754,000	-42,976,000	-42,976,000	-170,635,000	-437,000	-278,000	-42,234,000	-42,234,000	-168,372,000	-293,000	179,000	-42,072,000	-42,072,000	-115,266,000			-10,368,000	-10,368,000
principal payments on lease arrangements	2,962,000	-5,469,000	-2,972,000		-6,531,000	-1,657,000			-1,448,000	-6,189,000	911,000	-603,000	-1,443,000	-1,443,000	-6,616,000	716,000	-1,229,000	-1,219,000	-1,219,000	-3,889,000	-503,000	42,000	-735,000	-735,000	-3,637,000	-449,000	13,000	-829,000	-829,000		-59,000
distributions to non-controlling interests	4,611,000	-1,253,000	-8,182,000			-2,704,000			-4,580,000		-11,403,000	-116,000	-2,082,000	-2,082,000		-20,490,000	-2,136,000	-1,022,000	-1,022,000	-36,187,000	-15,943,000				-9,206,000
other	40,000	4,384,000	-4,267,000		923,000	-1,203,000	420,000	271,000	271,000	4,863,000	1,664,000	1,229,000	-459,000	-459,000	-919,000	1,984,000				-1,688,000	4,061,000	-457,000	-1,533,000	-1,533,000	1,667,000	-2,749,000	1,126,000	-17,000	-17,000								2,137,000	421,000	777,000	777,000	3,808,000		4,563,000
cash provided (used) by financing activities			8,265,000																													11,286,000		29,095,000	17,614,000	34,729,000
investing activities
expenditures on mining interests:
fekola mine	-1,734,000	10,624,000	-64,003,000		-257,776,000	-11,285,000			-80,562,000	-298,942,000	-9,015,000	-20,356,000	-53,795,000	-53,795,000	-117,622,000	-155,000	8,030,000	-28,228,000	-28,228,000	-110,637,000	-19,240,000	8,675,000	-17,396,000	-17,396,000	-184,037,000	23,154,000	21,793,000	-74,133,000	-74,133,000		-17,775,000
masbate mine	7,583,000	-9,766,000	-7,733,000		-29,763,000	1,315,000			-8,530,000	-30,142,000	202,000	2,855,000	-8,953,000	-8,953,000	-39,528,000	3,899,000	-8,364,000	-5,693,000	-5,693,000	-30,743,000	-245,000	-214,000	-6,564,000	-6,564,000	-34,041,000	-5,603,000	232,000	-4,761,000	-4,761,000		2,795,000
otjikoto mine	318,000	-1,102,000	-3,607,000		-28,842,000	11,097,000			-13,813,000	-61,063,000	2,340,000	1,716,000	-17,346,000	-17,346,000	-79,096,000	2,860,000	-7,021,000	-16,131,000	-16,131,000	-80,936,000	1,720,000	-2,216,000	-18,875,000	-18,875,000	-66,815,000	-8,124,000	812,000	-11,732,000	-11,732,000		7,272,000
goose mine	-13,584,000
fekola regional properties	-575,000	-1,835,000	-3,169,000		-16,861,000	932,000			-4,501,000
gramalote project	-6,380,000	1,642,000	-6,793,000		-17,128,000	203,000			-3,310,000	-6,380,000	350,000	-694,000	-510,000	-510,000	-15,887,000	-143,000					-5,198,000	-535,000	-3,467,000	-3,467,000	-19,498,000	-2,004,000	12,232,000	-12,678,000	-12,678,000		-631,000
other exploration	-1,860,000	-8,282,000	-5,596,000		-52,629,000	-7,180,000			-8,840,000	-76,005,000
redemption of short-term investments	-14,079,000				5,386,000
purchase of short-term investments	-9,771,000				-16,361,000
funding of reclamation accounts	3,221,000	-3,606,000	-1,421,000		-5,797,000	-614,000			-1,029,000	-6,541,000	-838,000	-62,000	-1,289,000	-1,289,000	-6,746,000	963,000	264,000	-2,181,000	-2,181,000	-8,009,000	1,107,000	-857,000	-1,321,000	-1,321,000
purchase of shares in associate					-9,089,000
purchase of long-term investments	-8,734,000	490,000	-1,808,000
cash proceeds on sale of investment in associate					100,302,000
cash proceeds on sale of long-term investment					92,564,000	39,966,000
cash used by investing activities	-41,015,000	-41,366,000	-195,076,000		-763,301,000	-54,933,000			-239,577,000	-845,339,000	-43,062,000	-60,797,000	-131,088,000	-131,088,000	-388,782,000	79,227,000	-56,926,000	-77,843,000	-77,843,000	-286,277,000	-10,541,000	-6,631,000	-59,327,000	-59,327,000	-337,956,000	-3,717,000	42,676,000	-112,685,000	-112,685,000		193,000								-89,412,000
increase in cash and cash equivalents	93,257,000	-15,230,000	-8,023,000		45,231,000	60,495,000	-362,784,000	264,526,000	264,526,000				24,915,000	24,915,000	-4,269,000			-21,558,000	-21,558,000	203,608,000	299,047,000	-165,234,000	34,445,000	34,445,000	333,824,000	-683,849,000	348,287,000	71,207,000	71,207,000	37,120,000	60,701,000	39,208,000					60,434,000		-69,199,000		184,787,000	188,091,000
effect of exchange rate changes on cash and cash equivalents	-12,888,000	446,000	1,175,000		-15,155,000	4,752,000			-3,607,000	-21,655,000	-9,547,000	54,000	-3,121,000	-3,121,000	-16,784,000	749,000	-5,070,000	-2,681,000	-2,681,000	-10,294,000	-4,254,000	1,924,000	-1,562,000	-1,562,000	5,265,000	1,910,000	4,100,000	-3,864,000	-3,864,000	724,000	-1,486,000				83,000	95,000
cash and cash equivalents, beginning of period	-21,632,000	-6,848,000	336,971,000			-100,974,000	260,919,000	306,895,000	306,895,000		-167,533,000	21,794,000	651,946,000	651,946,000		-62,068,000	-24,239,000	672,999,000	672,999,000		-130,427,000	32,883,000	479,685,000	479,685,000		419,730,000	67,343,000	140,596,000	140,596,000		-17,817,000	102,752,000	-60,964,000	-15,038,000	-41,440,000	144,671,000			252,736,000	252,736,000		95,656,000	120,677,000
cash and cash equivalents, end of period	58,737,000	-21,632,000	330,123,000			-35,727,000	-100,974,000	567,814,000	567,814,000		-196,638,000	-167,533,000	673,740,000	673,740,000		-37,236,000	-62,068,000	648,760,000	648,760,000		164,366,000	-130,427,000	512,568,000	512,568,000		-262,209,000	419,730,000	207,939,000	207,939,000		32,892,000	141,583,000	247,889,000	1,516,000	-15,038,000	103,231,000			183,537,000	183,537,000		283,747,000	95,656,000
deferred income tax									-20,030,000
other comprehensive income					22,485,000					20,613,000
items that will not be subsequently reclassified to net income:
gain on long-term investments, net of deferred income tax
other comprehensive income for the period				36,287,000					14,971,000
total comprehensive income for the period				98,851,000					63,452,000
other comprehensive income attributable to:
total comprehensive income attributable to:
supplementary cash flow information
gains on derivative instruments		22,166,000	-43,319,000	-43,319,000	-2,837,000	-6,807,000	154,000	275,000	275,000	4,699,000	4,885,000
gain on dilution of associate
deferred income tax recovery		18,650,000	15,880,000	15,880,000	2,297,000	-22,384,000				11,336,000
b2gold corp. condensed interim consolidated statements of cash flows for the three and six months ended june 30
cash from operating activities		76,293,000	178,788,000		877,604,000		-648,295,000	710,727,000	710,727,000	714,453,000	-84,779,000	-8,840,000	203,823,000	203,823,000	595,798,000			107,310,000	107,310,000	724,113,000			145,854,000	145,854,000	950,645,000	62,673,000	21,876,000	216,213,000	216,213,000	491,973,000	75,018,000	86,419,000	57,024,000	-6,251,000	8,424,000	39,599,000	411,811,000	113,700,000	17,737,000	17,737,000
capital expenditures		0	0		0		0	0	0	0	0	0	0	0	0			0	0	0			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows		76,293,000	178,788,000		877,604,000		-648,295,000	710,727,000	710,727,000	714,453,000	-84,779,000	-8,840,000	203,823,000	203,823,000	595,798,000			107,310,000	107,310,000	724,113,000			145,854,000	145,854,000	950,645,000	62,673,000	21,876,000	216,213,000	216,213,000	491,973,000	75,018,000	86,419,000	57,024,000	-6,251,000	8,424,000	39,599,000	411,811,000	113,700,000	17,737,000	17,737,000
cash used by financing activities					-69,072,000				-206,624,000	-192,510,000	108,283,000	-119,744,000	-47,820,000	-47,820,000	-211,285,000	-23,383,000	6,598,000	-51,025,000	-51,025,000	-234,228,000			-52,082,000	-52,082,000	-278,865,000
gain on investments, net of deferred income tax				36,287,000
losses on dilution on associate
weighted-average number of common sharesoutstanding
proceeds from convertible senior unsecured notes, net of transaction costs			445,913,000
equipment facility draw downs			8,990,000
goose project			-94,812,000		-515,391,000	6,730,000			-117,451,000	-282,338,000	-19,470,000
foreign exchange losses					-23,692,000				-2,379,000	-16,020,000	-9,486,000
restructuring charges										-12,151,000
losses on dilution of associate					-8,984,000
b2gold corp. consolidated statements of cash flows
changes in long-term supplies inventory								4,152,000	4,152,000	-18,537,000
revolving credit facility draw downs					450,000,000					150,000,000
revolving credit facility repayments					-200,000,000
revolving credit facility transaction costs					-4,247,000					-3,296,000					-2,401,000			-2,401,000	-2,401,000
equipment facility draw downs, net of transaction costs					7,779,000
common shares issued for cash in flow-through financing					10,073,000
extinguishment of gold stream and construction financing obligations										-111,819,000
purchase of long-term investment					-16,576,000					-33,282,000	15,885,000
purchase shares in associate
cash proceeds from sale of mining interests
cash acquired on acquisition of sabina gold & silver corp.										38,083,000
transaction costs paid on acquisition of sabina gold & silver corp.										-6,672,000
cash paid for purchase of non-controlling interest										-6,704,000			-6,704,000	-6,704,000	-3,336,000
cash paid for acquisition of gramalote property interest										-20,393,000
net income					-626,653,000					41,588,000					286,723,000					460,825,000
gains on investments, net of deferred income tax					22,485,000
total comprehensive income for the year					-604,168,000
distributions to non-controlling interest					-122,869,000					-34,316,000					-30,331,000								-2,000,000	-2,000,000
cash proceeds from sale of mining interest					7,500,000
cash and cash equivalents, beginning of year					306,895,000					651,946,000					672,999,000					479,685,000					140,596,000					102,752,000							85,143,000	252,736,000			67,949,000
cash and cash equivalents, end of year					336,971,000					306,895,000					651,946,000					672,999,000					479,685,000					140,596,000							144,671,000	132,564,000			252,736,000
cash (used) provided by operating activities
purchase of shares in associates
extinguishment of gold stream and construction financingobligations
gains on dilution of associate
loan to associate									-1,496,000	-2,458,000					-5,000,000
unrealized gain on investments, net of deferred income tax									14,971,000
dilution loss on associate									-9,982,000
deferred consideration received										3,850,000			3,850,000	3,850,000	45,000,000
(impairment) reversal of impairment of long-lived assets
loss on sale on sale of mining interest
fekola regional property, pre-development															-26,309,000
cash paid for acquisition of bakolobi property
cash paid for acquisition of oklo resources limited															-21,130,000
cash acquired on acquisition of oklo resources limited															1,415,000
cash paid on exercise of mineral property option															-7,737,000			-7,737,000	-7,737,000
loss on sale of mining interest
unrealized gain on investments										20,613,000
total comprehensive income										62,201,000
fekola regional properties, pre-development										-55,975,000
decrease in cash and cash equivalents										-323,396,000	-19,558,000
write-down of mineral property interests
share of net income of associate
loss on sale of mineral property
deferred income tax expense																																											3,029,000
fekola regional, pre-development											-1,500,000	-260,000	-14,775,000	-14,775,000
other exploration and development											6,782,000	-8,561,000	-15,991,000	-15,991,000	-63,629,000	-287,000	-2,516,000	-13,466,000	-13,466,000	-56,116,000	1,309,000	-5,082,000	-10,171,000	-10,171,000	-48,182,000	609,000	-2,519,000	-9,364,000	-9,364,000		1,541,000								-8,178,000
cash paid on acquisition of mineral property
cash paid on acquisition of oklo resources ltd
cash acquired on acquisition of oklo resources ltd
other (expenses) income
deferred consideration
participating funding from non-controlling interest													356,000	356,000	2,463,000
loan repayment from non-controlling interest													428,000
changes in restricted cash accounts													33,000	33,000	5,554,000	-30,000	324,000	-162,000	-162,000	870,000
investment in snowline gold corp.													-15,116,000	-15,116,000
loan repayments from non-controlling interest														428,000	663,000
cash paid for acquisition of mineral property															-48,258,000
cash proceeds from sale of mineral properties, net of transaction costs																				31,684,000
purchase of common shares of associate																				-5,945,000
funding from non-controlling interests																926,000
anaconda property, pre-development																1,563,000
gramalote property																		-4,407,000	-4,407,000	-23,887,000
revolving credit facility, drawdowns net of transaction costs																				-3,368,000					250,000,000
equipment loan facilities, drawdowns net of transaction costs																									41,416,000					3,463,000
loan repayments from non-controlling interests																				5,312,000
revolving credit facility drawdowns
restricted cash movement																					-95,000	277,000	111,000	111,000	2,572,000	-9,918,000	-1,930,000	2,104,000	2,104,000		128,000
non-refundable deposit received on toega property																									9,000,000
cash (used) provided by financing activities																												-32,321,000	-32,321,000
•
net income from continuing operations for the period																										139,078,000	54,953,000	83,008,000	83,008,000
cash from operating activities of continuing operations																									950,645,000	62,673,000	21,876,000	216,213,000	216,213,000	449,438,000	54,143,000
cash from operating activities of discontinued operations																														42,535,000	20,875,000
cash used by financing activities of continuing operations																									-278,865,000
cash used by financing activities of discontinued operations																															57,000
cash proceeds from sale of nicaraguan group, net of transaction costs																									15,525,000					51,530,000
cash paid into reclamation accounts																									-11,575,000
cash used by investing activities of continuing operations																									-337,956,000	-3,717,000	42,676,000	-112,685,000	-112,685,000		-7,372,000
cash used by investing activities of discontinued operations																															7,565,000
net income from continuing operations																									672,413,000					308,859,000
common shares issued for cash on exercise of stock options																										4,549,000	-5,223,000	16,344,000	16,344,000	72,932,000	28,438,000	21,165,000	518,000	-3,362,000	-12,737,000	17,968,000	39,758,000
less cash associated with discontinued operations, end of period																															-8,506,000
cash provided (used) by financing activities of continuing operations
cash (used) provided by financing activities of continuing operations																												-32,321,000	-32,321,000
repayment of convertible notes
·
net income for the period from continuing operations
cash provided used by financing activities
libertad mine
limon mine
net income for the year																																					38,600,000				67,303,000
fekola mine, including sales proceeds net of pre-production costs
purchase of non-controlling interest
cash proceeds from sale of lynn lake royalty, net of transaction costs
credit facility drawdowns, net of transaction costs																																	175,000,000
repayment of credit facility
cash from financing activities																																					40,470,000	56,271,000	2,476,000	2,476,000	289,536,000	251,872,000	20,317,000
fekola mine, development and sustaining capital
otjikoto mine, development and sustaining capital
masbate mine, development and sustaining capital																																							-9,531,000
libertad mine, development and sustaining capital																																							-6,391,000
limon mine, development and sustaining capital																																							-4,840,000
gramalote project, prefeasibility and exploration
fekola equipment loan facility, drawdowns net of transaction costs																																			-15,120,000	26,126,000
repayment of fekola equipment loan facility
repayment of otjikoto equipment loan facility																																							-508,000
masbate equipment loan facility, drawdowns net of transaction costs
repayment of masbate equipment loan facility
repayments of masbate equipment loan facility
repayment of nicaraguan equipment loans
otjikoto equipment loan facility, drawdowns net of transaction costs																																					11,043,000	19,689,000	11,326,000	11,326,000	9,168,000
common shares issued under at-the-market offering, net of issuance costs																																					44,467,000
fekola mine, construction capital
fekola mine, sales proceeds net of pre-production costs
credit facility, drawdowns net of transaction costs																																		21,057,000			100,000,000
fekola project, development
revolving credit facility, drawdowns
fekola project, pre-construction
gramalote, prefeasibility and exploration																																							-3,255,000
acquisition of rights
net loss for the period
drawdowns on old revolving credit facility, net of transaction costs
drawdown on new revolving credit facility, net of transaction costs
repayment of old revolving credit facility
payment of finance lease obligations																																							-1,608,000
common shares issued for cash																																						2,820,000	1,414,000	1,414,000	2,369,000	415,000	7,255,000
otjikoto, development and pre-production costs net of sales proceeds
sale of evi preference shares																																						5,487,000
cash acquired on papillon acquisition																																						32,189,000
papillon acquisition costs paid
cash from operating activities before changes in non-cash working capital																																							43,301,000	43,301,000	144,343,000
repayment of libertad equipment loan																																							-155,000
restricted cash																																							-1,969,000		7,851,000		9,000,000
fekola project, exploration and evaluation
revolving credit facilities, net drawdowns and transaction costs
convertible notes, net of transaction costs																																									249,067,000	249,724,000
repayment of revolving credit facilities
masbate project loan repayments
common shares issued by subsidiary to evi for cash																																									5,095,000
otjikoto, mine construction																																							-49,909,000
otjikoto, mobile mine equipment																																							-6,761,000
otjikoto, power plant																																							-3,431,000
otjikoto, prestripping																																							-1,382,000
otjikoto, expansion
otjikoto, pre-commercial production operating costs
libertad mine, jabali development																																							-1,384,000
loan to evi
cash acquired on cga acquisition																																									56,088,000
cga acquisition costs paid
cash acquired on volta acquisition, net of transaction costs																																									3,217,000
cash proceeds from sale of brucejack royalty																																									44,496,000		44,496,000
cash provided by operating activities before changes in non-cash working capital																																						122,721,000				31,951,000	31,546,000
revolving credit facility, net drawdowns and transaction costs																																						73,717,000
cash flows from operating activities
payments to suppliers and employees and others
interest received
net cash flows used in operating activities
cash flows from investing activities
payments for exploration and evaluation
payments for property, plant and equipment
payments for deferred acquisition cost
payment for acquisitions of non-controlling interests
net cash flows used in investing activities
cash flows from financing activities
proceeds from issue of shares
payments for share issue costs
net cash flows from financing activities
net (decrease)/increase in cash and cash equivalents
net foreign exchange differences
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
loss on fair value of convertible notes																																							38,287,000	38,287,000
write-down of long-term investments																																							262,000	262,000	20,552,000		14,987,000
deferred income tax (recovery) expense																																							-878,000
unrealized losses on derivative instruments																																							88,000	88,000	2,660,000
accretion of mine restoration provisions																																							298,000	298,000	2,606,000	677,000	652,000
amortization of deferred revenue
inventory fair value adjustments on cga acquisition																																									32,869,000		515,000
change in long-term value added tax receivables																																							-2,985,000
revolving credit facilities, proceeds																																									100,000,000	50,000,000
cash received for evi preference shares																																							5,487,000	5,487,000
purchase of evi preference shares
gain on sale of brucejack royalty
gain on fair value of convertible notes
convertible notes transaction costs																																									9,683,000	9,026,000
write-off of mineral property interests																																									9,564,000	9,564,000
loss on disposal of equipment
cash from operating activities after changes in non-cash working capital																																									147,827,000	35,454,000
revolving credit facilities, repayments
credit facility transaction costs
otjikoto - mine construction
otjikoto - mobile mine equipment
otjikoto – power plant
otjikoto - prestripping
otjikoto, development and exploration
masbate mine, exploration
libertad mine, exploration
limon mine, exploration
unrealized loss on derivative instruments																																											4,035,000
cash provided by operating activities after changes in non-cash working capital																																											23,678,000
revolving credit facilities, net draw downs																																											25,000,000
financing costs relating to credit facility
otjikoto mine construction
otjikoto mobile mine equipment
unrealized loss/(gain) on derivative instruments

B2Gold Corp(NYSE MKT:BTG)

B2Gold Corp
(NYSE MKT:BTG)