Q1 2024 B2Gold Corp Earnings Call

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Thank you for standing by this is the conference operator welcome to be to go Corporation's first quarter 'twenty 'twenty four financial results Conference call. As a reminder, all participants are in listen only mode and the conference is being recorded after the presentation there will be.

An opportunity for analysts to ask questions to join the question queue. You May Press Star then one on your telephone keypad should you need assistance during the conference call you May signal, an operator by pressing Star then zero I would now like to turn the conference over to Clive Johnson, President and CEO of B to gold. Please go.

Ahead.

Clive Thomas Johnson: Thank you operator, good morning, ladies and gentlemen, welcome to our call to discuss our first quarter 2024 operating.

Speaker Change: Nice results.

Speaker Change: Okay.

Clive Thomas Johnson: And if you hold you will see the news that's come out.

Clive Thomas Johnson: A lot of detail.

We're off to a solid start for 2020, we produced two.

Clive Thomas Johnson: 225000 ounces.

Clive Thomas Johnson: Production.

Clive Thomas Johnson: Sure.

Clive Thomas Johnson: So these are patients in.

Clive Thomas Johnson: We expect them all three.

Clive Thomas Johnson: Pretty much performing well.

Clive Thomas Johnson: Importantly, cash operating costs at all cost in first quarter books as well.

Clive Thomas Johnson: Rachel.

Clive Thomas Johnson: Michael.

Clive Thomas Johnson: Some of them are digital.

Very strong quarter in excellent financial position.

Clive Thomas Johnson: Closed toward the merger are operating very well.

For 2024, and what we have described as a transitional year each call. We have made strong progress.

Clive Thomas Johnson: Yes.

Clive Thomas Johnson: People are our most important items for the year.

Clive Thomas Johnson: First let me touch some encouraging discussions with the rally cartilage, that's really the start of 2024.

Clive Thomas Johnson: It's really important to stress.

Despite some rumors out there are you responsible journalist smelter.

So as Berke initially.

Clive Thomas Johnson: I'm sure all indications of the government's knowledge nationalized western Port Colborne.

Clive Thomas Johnson: The country, we have had productive dialogue with the government.

Clive Thomas Johnson: Opportunity.

Clive Thomas Johnson: The long term future.

Clive Thomas Johnson: I was just well accomplish that goal.

Clive Thomas Johnson: The desire.

Clive Thomas Johnson: So faster granted but exploration well ship transition to Cree.

In 2023 mining Cogs despite watched he believes what was that much potentials.

Clive Thomas Johnson: The government moved forward and starting to truck or.

Clive Thomas Johnson: All of them will be called the other cognitive area that's the norm.

Clive Thomas Johnson: But all the ultra dose.

Clive Thomas Johnson: Exploration.

Clive Thomas Johnson: So so much rather than too much secure shortly it's definitely mutual interest we have with the government we want chicken production.

Clive Thomas Johnson: Crushed by potential cross sell.

Clive Thomas Johnson: Hereby trucking so great material.

Speaker Change: Hello Bill.

Speaker Change: What's more restaurants, a little money.

Bill: This and going after them so you got to survive.

Bill: Start with Jimmy Choo.

Bill: We chose to increase revenue from.

Bill: But.

Bill: Of course it does.

Bill: Sure.

Bill: Shortly.

Bill: Hum.

Bill: Lord.

Clive Thomas Johnson: Let's see.

Clive Thomas Johnson: Sure sure.

Clive Thomas Johnson: Hold on digital.

Clive Thomas Johnson: You are most important to them.

Clive Thomas Johnson: Construction.

Clive Thomas Johnson: Well I don't want to get it.

Clive Thomas Johnson: And obtain our progression very encouraging of the steps that we just don't see I suppose.

Clive Thomas Johnson: If successful this year.

Clive Thomas Johnson: Everything we need.

Clive Thomas Johnson: Rob could you close ratio.

Clive Thomas Johnson: The construction, so some major Europe sort of cheating.

Rob: And then for construction.

Rob: Operations as well.

Rob: With that that was a great success.

Rob: Turning to our adjustable team.

Rob: Our experience factor.

Rob: And it's just a great team.

Rob: They call that happens.

Rob: Derisk the project.

Speaker Change: All right.

Speaker Change: You did announce today, a slight delay or less I'd, just like to lay out the estimate of the first quarter because project from Q1 2025 to Q2 2025.

Rob: Cool.

Rob: I think it's really important to point out that the construction team that's delivered to beach Cogs. She was delivered despite picking up approach there was pardon me.

Rob: Some of them and that's in order to vote done it forces the previous owner.

Rob: When you combine issue.

Rob: Construction should we inherited hubs inherited some good things from your parents charges.

Rob: Talk a bit about.

Rob: What we've done.

Rob: Turning to his project century each goal.

Rob: Approaches.

Rob: The main reason for the shift from corridors.

Rob: The bill could be built on schedule at the end of the first quarter of 2025.

Rob: The open pit and underground mining schedule, we wont have all the features are built so that's it.

Rob: A driving force behind it.

Rob: Second quarter construction inspection contract.

Rob: That's really our trucks still being sold.

Rob: I think it's really important to us.

Rob: What are the things that we've gone into the affirmative the acquisition of a screen. It was started as a very good job of exploration.

Rob: Permitting excellent job relationships population, but also governance.

Rob: That's part of the.

Jim: Jim that was wrong.

Jim: Perfect.

Jim: We made with the project, they're very important to a successful approach it just all of them.

Speaker Change: Just hoping you can call you.

Rob: A couple of weeks ago.

Rob: Binding symposium so excellent coverage.

Rob: Yup.

Speaker Change: Well you are directly right.

Rob: Population, coupled with an EBIT level is very excited about.

Rob: Oh.

Rob: It's fine.

Rob: And most importantly, which suggests it.

Rob: Obviously exploration is a big part of what we do historically on this the reason why it has with our large exploration budget for this year 73 billion.

Rob: Sure.

Rob: After that its been budgeted brokers the backroom it for.

Rob: She started a potential there now they've had some very good.

Rob: Results so far.

Rob: In our drilling campaign.

Speaker Change: Two questions.

Rob: Just interesting catalyst quite Florida, Oh, gosh, I'm delighted to tell us about the Florida or as soon as I mentioned to see resolution of value being able to move forward with more.

Rob: Looking forward to a very good section six of this year.

Speaker Change: Well continue to update them.

Rob: Also I think another exciting potential is looking at kind of a lofty disabled.

Rob: As everyone is probably your leverage when you have a joint venture with Anglogold Ashanti, you're looking to build the big but to justify that puts the company. So it's owned by just by future growth are we looking at a number of different basis, we will come up with.

Rob: The results of the study, but before the AGM.

Rob: We're targeting Dallas.

Rob: Something around <unk> 6 billion.

Rob: Your adjacent to that could produce 200000 last year.

Rob: Extra scrip.

Rob: Having said that we're not quite there yet.

Rob: I think some encouraging signals from the engineers that we can reduce our footprint.

Rob: Your stomach.

Rob: But all that she could be looked at quite up.

Rob: It's actually interesting economic opportunity. So if you add it all together and you look at the catalyst in the future well production potential from this company.

Rob: We have the potential for our desktops are huge coming from trucking board for Colin Sebastian.

Rob: Over 300000 ounces years expected trouble Oh from from this.

Rob: Corporate interest starting it.

Rob: 25, as I mentioned.

Rob: Perhaps a little bit.

Rob: Those soon if grandma lucky sitcom executive out another two or personnel some gold production.

Rob: So the company subject to our study.

Rob: The big positive. So there's 600000 also growth from existing assets.

Rob: Robust exploration program also our investments are junior companies will contribute so when we look to the future. It's great break where an extraordinary strong financial position Vega industry, leading up to that.

Rob: The heel base so.

Speaker Change: We're excited about where we're going this is traditionally you're supposed to Charleston to the first quarter, we met them.

Speaker Change: Seem to get lost in the shuffle here, but when you have to get another quarter or so financial results.

Speaker Change: We're on track for our ninth year of delivery.

Speaker Change: Production costs.

Speaker Change: So with that I'm going to hand that over to.

Speaker Change: Right.

Speaker Change: Uh huh.

Speaker Change: In Florida and for export.

Scott: Thanks Scott.

Speaker Change: So I'll just jump into the operations firstly copper.

Speaker Change: We produced just under 120000 ounces of gold, which was in line with our guidance.

Speaker Change: Our cash operating costs were well below our annual guidance range and all in sustaining costs.

Speaker Change: Okay.

Speaker Change: As per ounce also.

Speaker Change: Low end of our guidance range. So.

Speaker Change: Okay.

Speaker Change: Yeah.