a plague o both your houses

B2Gold (BTG) (BTO.to) 3q16 financials

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.

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