B2Gold: 4Q Earnings Snapshot

B2Gold: 4Q Earnings Snapshot

Associated Press
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VANCOUVER, British Columbia (AP) _ B2Gold Corp. (BTG) on Tuesday reported a fourth-quarter loss of $49.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 6 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 1 cent per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The gold, silver and copper miner posted revenue of $272.1 million in the period.

For the year, the company reported profit of $28.9 million, or 2 cents per share. Revenue was reported as $1.23 billion.

The company's shares closed at $3.11. A year ago, they were trading at $2.88.

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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 https://www.zacks.com/ap/BTG

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