B2Gold modifies dividend rate to $0.02 per common share to align with growth phase

From GlobeNewswire: 2025-01-13 18:30:28

B2Gold Corp. has announced changes to its shareholder returns strategy to increase financial flexibility as it completes its current phase of organic growth, including projects in Mali, Canada, Namibia, and Colombia. The company will modify its quarterly dividend rate from $0.04 to $0.02 per common share to align with its growth phase, while still providing shareholders with a sustainable dividend. B2Gold has paid approximately $870 million in dividends since 2020 and continues to focus on returning capital to shareholders. The company also intends to implement a normal course issuer bid to repurchase up to 5% of its outstanding common shares.

The Toronto Stock Exchange and NYSE American have neither approved nor disapproved the information in this news release. B2Gold is a low-cost international senior gold producer with operating mines in Mali, Namibia, and the Philippines, as well as development projects in various countries. The company forecasts total consolidated gold production of between 970,000 and 1,075,000 ounces in 2025. Forward-looking statements in this release include projections for financial and operational performance, gold production, and the implementation of the normal course issuer bid. B2Gold’s forward-looking statements are based on management’s current expectations and may be subject to risks and uncertainties beyond the company’s control.



Read more at GlobeNewswire: B2Gold Announces Amended Shareholder Return Strategy,