A busy day for the spreadsheets, as B2Gold (BTO.to) (BTG) throws over its 2q13 numbers late-ish evening. Here are a couple of updated charts, plenty more where these came from:
Working cap hits a new record. We like the way BTO is paying down current liabilities, too.
As for equity per share, that’s now $2.436. Plenty of backbone to the current share price.
Other anal ysts will likely focus on the $33m net profit for the quarter (or 5c EPS if you prefer). Fair enough, but this anal yst likes balance sheets and particularly likes strong balance sheets. (Hint: This is a strong balance sheet).
PS: There’s a bit of news about Gramalote in the MD&A as well. Looks like November will be a key month for that project.