B2Gold Corp. (TSX:BTO) shares were up 5% in mid-day trading, following the release of positive second quarter earnings.
The Vancouver gold mining company posted second half financials Aug. 4 that reports gold production up 11% over Q2 2015, and a 21% increase in revenue for the second quarter compared with Q2 2015.
The company earned $164.8 million in the first half of 2016 on the sale of 130,829 ounces of gold, gross profits of $96.5 million in the second half of 2016 – up from $42.9 million in the second half of 2015 – and $99.8 million in cash on hand.
The company announced it is on track to meet its 2016 production targets of 510,000 to 550,000 ounces of gold.
B2Gold owns four producing gold mines, and plans to bring a fifth into production in Mali in 2017.
As reported in business in Vancouver, B2Gold is one of the world’s fastest growing intermediate gold mining companies.
B2Gold’s shares were trading at $4.43 mid-day Aug. 4 – a more than 200% increase since the beginning of the year.
