B2Gold (BTG) (BTO.to) reported this evening (RegFs filed to SEDAR, no news release yet) and here are just two charts of several hundred we’ll do at the weekend:
Operating earnings per share came in at 7.6c, slightly down on the IKN forecast of 8.4c but that’s because I got the depreciation/depletion/amortization charge low (which is non-cash in the end), so no biggie.
A better bit of guesswork over at the balance sheet, we’re the IKN estimate was for working capital of U$115m and the reality is U$114.885…that’s a win for the house model, but more importantly shows the strong liquidity levels and free cash flow generation going on here.
All in all a fine looking quarter from The Clive & Co. As long as gold prices don’t dump on us tomorrow B2 should go higher on these numbers.
UPDATE: The NR is out.