"quadro" "deep learning" or "graphics card" or gpu or "artificial intelligence" or rendering

Metals Creeks Option Partner, Quadro Resources Receives Exploration Permit for Careless Cove and Yellow Fox Properties, Newfoundland and Labrador

Metals Creek Resources Corp. (TSXV: MEK) (the "Company" or Metals Creek) is pleased to announce that the company has been advised by Its Option partner Quadro Resources Ltd. (TSXV: QRO) (Quadro) that it has received an exploration permit to carry out exploration work on its recently optioned Careless Cove and Yellow Fox properties in Newfoundland and Labrador (together, the "Property"), where it has the right to earn a 100% interest under an agreement with Metals Creek (see Quadro news release dated October 8, 2020).

The Property is located within and adjacent to New Found Gold Corp.'s Queensway High-Grade Gold Project as illustrated on the attached map. The Quadro claims are approximately 12 kilometers southwest of New Found Gold's Keats Zone which is the main focus of its ongoing 100,000 meter drill program where results include an intersection of 92.86 g/t Au over 19.0 meters (see New Found Gold press release dated Nov. 16, 2020).
Note: Gold values on adjacent properties in similar rocks are not representative of the mineralization on the property, have not been verified, and should not be relied upon.

Figure 1: Careless Cove and Yellow Fox claims (map by ExplorationSites.com, October 14, 2020).

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/943/69852_1c1d1f2f74cadb78_002full.jpg

Planned exploration - Quadro plans to carry out an initial orientation program consisting of prospecting and soil sampling on both properties over the next quarter. The surveys are planned to follow up on known gold mineralization and to help define targets for follow-up trenching and drill testing. Previous work by MEK had located a number of gold targets as described in the Quadro press release on Oct 8, 2020. A summary of these results follows:

Careless Cove - Recent prospecting carried out by MEK at Careless Cove uncovered mineralization comprised of quartz breccia with disseminated and vein hosted pyrite/arsenopyrite with minor stibnite. Results from outcrop include:

Sample Number	g/t Au
236102	7.39
236103	0.47
236104	4.15

In addition, follow up prospecting has located rubble approximately 50 meters away from the above mentioned outcrop samples with assays of:

Sample Number	g/t Au
323763	7.37
323764	11.83

Yellow Fox - Initial prospecting carried out by MEK in 2011, resulted in a concentration of highly anomalous gold values with one sample returning an assay of 59.413 g/t Au (main Yellow Fox showing) (see MEK press release dated June 22, 2011). Soil sampling and follow-up trenching was completed across the mineralization. Initial sampling consisted of 13 selective grab samples taken throughout the trenches with assay values ranging from 214 ppb to 1877 ppb Gold and up to 11.1 % Sb, 5.5% Pb, 7 % Zn, and 72.9 g/t Ag. The trenches were then channel sampled along their length using a diamond bladed rock saw. The best result from channel sampling was 0.306 g/t Au over 26.82m within 29 continuous samples and 4.57% Sb over 1 meter. Although, very encouraging, there has been no follow-up work done since (see Newfoundland Geoscience Resource Atlas Geofile Number: 002D/0779).

Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.

The terms of the acquisition are outlined as follows:

The Property consists of five licenses (40 units) in two separate groupings referred to as the Careless Cove group and the Yellow Fox group.
To acquire MEK's interest, QRO will issue to MEK a total $100,000 and 1,500,000 shares according to the following schedule:

$15,000 and 300,000 on signing; (Paid)
$20,000 and 300,000 shares on the first anniversary;
$20,000 and 400,000 shares on the second anniversary; and
$45,000 and 500,000 shares on the third anniversary

Once QRO is vested at 100% by meeting all the payments above, MEK will retain a 2.0% Net Smelter Return (NSR) royalty on any future mineral production. QRO will have the right to purchase 50% of the NSR from MEK for $1,000,000.

Wayne Reid, P.Geo, a Director for the Company and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.

Analyses in this release were performed by Eastern Analytical of Springdale, NL with ISO 17025 accreditation. Samples were transported in sealed bags to Eastern and all samples were assayed using industry-standard assay techniques for gold. Gold was analyzed by a standard 30 gram fire assay with an AA finish.

Note: The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property.

In addition to its portfolio of projects, Metals Creek also holds a position of equities in other companies such as O3 Mining, Sokoman Minerals, Quadro Resources (QRO), Anaconda Mining, Benton Resources, White Metal Resources, Trifecta Gold, Manning Ventures, Magna Terra Minerals as well as others.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a junior exploration Corporation incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek has signed an agreement with Newmont Corporation, where Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Mining District of Ontario.

Metals Creek also has multiple quality projects available for option in Ontario and Newfoundland which can be viewed on the Corporation's website. Parties interested in seeking more information about properties available for option can contact the Corporation at the number below.

Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under its profile at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Alexander (Sandy) Stares, President and CEO

Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
www.MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69852

News Provided by Newsfile via QuoteMedia

Metals Creek Resources TSXV:MEK Gold Investing

Trump Win Fuels Surge in US Dollar, Gold and Silver Prices Fall

What was expected to be a highly contested election between former US President Donald Trump and Vice President Kamala Harris was anything but, with the outcome being called early on Wednesday (November 6).

The results will have wide-reaching implications for the US and global economy as Trump ran on a platform of lowering taxes, raising tariffs and sweeping immigration reforms that could see millions of people deported.

His win comes ahead of the latest Federal Open Market Committee meeting, which is scheduled to wrap up on Thursday (November 7). The central bank is widely expected to cut interest rates by 25 basis points.

Keep reading...Show less

	Three months ended		Nine months ended
	September 30,		September 30,
	2024	2023	2024	2023

Gold revenue ($ in thousands)	448,229	477,888	1,402,242	1,422,298
Net (loss) income ($ in thousands)	(631,032 )	(34,770)	(617,328 )	158,984
(Loss) earnings per share – basic ⁽¹⁾ ($/ share)	(0.48 )	(0.03)	(0.47 )	0.10
(Loss) earnings per share – diluted ⁽¹⁾ ($/ share)	(0.48 )	(0.03)	(0.47 )	0.10
Cash (used) provided by operating activities ($ thousands)	(16,099 )	110,204	757,060	509,010
Average realized gold price ($/ ounce)	2,483	1,920	2,285	1,929
Adjusted net income ⁽¹⁾⁽²⁾ ($ in thousands)	29,157	64,840	189,109	256,506
Adjusted earnings per share ⁽¹⁾⁽²⁾ – basic ($)	0.02	0.05	0.14	0.21
*Consolidated operations results:*
Gold sold (ounces)	180,525	248,889	613,731	737,139
Gold produced (ounces)	180,553	225,052	599,133	721,732
Production costs ($ in thousands)	192,408	171,425	500,452	451,791
Cash operating costs ⁽²⁾ ($/ gold ounce sold)	1,066	689	815	613
Cash operating costs ⁽²⁾ ($/ gold ounce produced)	1,061	741	852	638
Total cash costs ⁽²⁾ ($/ gold ounce sold)	1,248	827	972	752
All-in sustaining costs ⁽²⁾ ($/ gold ounce sold)	1,650	1,273	1,400	1,177
*Operations results including equity investment in Calibre:*
Gold sold (ounces)	180,525	266,616	633,375	787,805
Gold produced (ounces)	180,553	242,838	618,777	772,395
Production costs ($ in thousands)	192,408	188,216	525,578	502,162
Cash operating costs ⁽²⁾ ($/ gold ounce sold)	1,066	706	830	637
Cash operating costs ⁽²⁾ ($/ gold ounce produced)	1,061	755	865	661
Total cash costs ⁽²⁾ ($/ gold ounce sold)	1,248	840	984	772
All-in sustaining costs ⁽²⁾ ($/ gold ounce sold)	1,650	1,272	1,405	1,182

	Three months ended		Nine months ended
	September 30,		September 30,
	2024	2023	2024	2023

Gold revenue ($ in thousands)	194,988	292,375	721,898	888,272
Gold sold (ounces)	78,889	152,239	318,005	460,139
Average realized gold price ($/ ounce)	2,472	1,921	2,270	1,930
Tonnes of ore milled	2,466,087	2,392,829	7,449,327	6,988,763
Grade (grams/ tonne)	1.07	1.82	1.40	2.17
Recovery (%)	92.7	92.1	92.7	91.9
Gold production (ounces)	78,207	128,942	308,931	447,233
Production costs ($ in thousands)	109,857	93,388	276,443	250,294
Cash operating costs ⁽¹⁾ ($/ gold ounce sold)	1,393	613	869	544
Cash operating costs ⁽¹⁾ ($/ gold ounce produced)	1,434	688	935	561
Total cash costs ⁽¹⁾ ($/ gold ounce sold)	1,653	773	1,066	706
All-in sustaining costs ⁽¹⁾ ($/ gold ounce sold)	2,287	1,261	1,583	1,125
Capital expenditures ($ in thousands)	64,464	83,166	198,205	211,112
Exploration ($ in thousands)	996	—	3,136	1,706

	Three months ended		Nine months ended
	September 30,		September 30,
	2024	2023	2024	2023

Gold revenue ($ in thousands)	120,115	97,556	328,165	265,839
Gold sold (ounces)	47,960	50,950	142,260	137,300
Average realized gold price ($/ ounce)	2,504	1,915	2,307	1,936
Tonnes of ore milled	2,197,112	2,155,170	6,409,631	6,224,572
Grade (grams/ tonne)	0.98	1.01	0.97	0.99
Recovery (%)	72.4	73.0	72.4	73.6
Gold production (ounces)	50,215	51,170	144,512	147,012
Production costs ($ in thousands)	42,697	44,056	123,070	117,219
Cash operating costs ⁽¹⁾ ($/ gold ounce sold)	890	865	865	854
Cash operating costs ⁽¹⁾ ($/ gold ounce produced)	811	834	839	844
Total cash costs ⁽¹⁾ ($/ gold ounce sold)	1,039	993	1,002	979
All-in sustaining costs ⁽¹⁾ ($/ gold ounce sold)	1,167	1,124	1,174	1,152
Capital expenditures ($ in thousands)	5,192	5,896	20,229	20,947
Exploration ($ in thousands)	1,290	774	3,039	2,741

	Three months ended		Nine months ended
	September 30,		September 30,
	2024	2023	2024	2023

Gold revenue ($ in thousands)	133,126	87,957	352,179	268,187
Gold sold (ounces)	53,676	45,700	153,466	139,700
Average realized gold price ($/ ounce)	2,480	1,925	2,295	1,920
Tonnes of ore milled	872,722	855,740	2,549,847	2,554,747
Grade (grams/ tonne)	1.88	1.66	1.80	1.57
Recovery (%)	98.8	98.4	98.6	98.6
Gold production (ounces)	52,131	44,940	145,690	127,487
Production costs ($ in thousands)	39,854	33,981	100,939	84,278
Cash operating costs ⁽¹⁾ ($/ gold ounce sold)	742	744	658	603
Cash operating costs ⁽¹⁾ ($/ gold ounce produced)	740	785	687	671
Total cash costs ⁽¹⁾ ($/ gold ounce sold)	841	820	749	680
All-in sustaining costs ⁽¹⁾ ($/ gold ounce sold)	896	1,178	963	1,074
Capital expenditures ($ in thousands)	609	13,290	26,128	46,266
Exploration ($ in thousands)	1,888	963	5,191	2,453

B2GOLD CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30 (Expressed in thousands of United States dollars, except per share amounts) (Unaudited)

	*For the three* *months ended* *Sept. 30, 2024*			For the three months ended Sept. 30, 2023			*For the nine* *months ended* *Sept. 30, 2024*			For the nine months ended Sept. 30, 2023

Gold revenue	$	448,229		$	477,888		$	1,402,242		$	1,422,298

Cost of sales
Production costs		(192,408	)		(171,425	)		(500,452	)		(451,791	)
Depreciation and depletion		(88,051	)		(101,568	)		(273,505	)		(293,388	)
Royalties and production taxes		(32,929	)		(34,389	)		(96,045	)		(102,661	)
Total cost of sales		(313,388	)		(307,382	)		(870,002	)		(847,840	)

Gross profit		134,841			170,506			532,240			574,458

General and administrative		(13,283	)		(13,064	)		(40,389	)		(41,170	)
Share-based payments		(5,069	)		(4,289	)		(14,815	)		(15,734	)
Impairment of long-lived assets		(661,160	)		(111,597	)		(876,376	)		(116,482	)
Gain on sale of mining interests		7,453			—			56,115			—
Gain on sale of shares in associate		—			—			16,822			—
Non-recoverable input taxes		(3,353	)		(1,191	)		(10,352	)		(4,237	)
Share of net (loss) income of associates		(98	)		5,561			4,581			17,549
Foreign exchange gains (losses)		5,893			(11,739	)		(7,842	)		(14,588	)
Community relations		(855	)		(1,158	)		(1,786	)		(3,883	)
Write-down of mining interests		—			(565	)		(636	)		(17,022	)
Restructuring charges		—			(5,071	)		—			(12,151	)
Other (expense) income		(26,550	)		130			(34,304	)		(4,159	)
Operating (loss) income		(562,181	)		27,523			(376,742	)		362,581

Interest and financing expense		(6,966	)		(3,190	)		(24,002	)		(9,032	)
Interest income		4,011			3,887			17,137			15,741
Change in fair value of gold stream		(1,957	)		7,600			(21,196	)		6,500
Losses on dilution on associate		—			—			(8,984	)		—
(Losses) gains on derivative instruments		(6,378	)		5,667			(5,674	)		6,092
Other income (expense)		1,777			(951	)		1,932			(5,069	)
(Loss) income from operations before taxes		(571,694	)		40,536			(417,529	)		376,813

Current income tax, withholding and other taxes		(74,804	)		(68,210	)		(233,085	)		(216,155	)
Deferred income tax recovery (expense)		15,466			(7,096	)		33,286			(1,674	)
Net (loss) income for the period	$	(631,032	)	$	(34,770	)	$	(617,328	)	$	158,984

Attributable to:
Shareholders of the Company	$	(633,757	)	$	(43,070	)	$	(618,010	)	$	123,321
Non-controlling interests		2,725			8,300			682			35,663
Net (loss) income for the period	$	(631,032	)	$	(34,770	)	$	(617,328	)	$	158,984

(Loss) earnings per share (attributable to shareholders of the Company)
Basic	$	(0.48	)	$	(0.03	)	$	(0.47	)	$	0.10
Diluted	$	(0.48	)	$	(0.03	)	$	(0.47	)	$	0.10

Weighted average number of common shares outstanding (in thousands)
Basic		1,310,994			1,297,175			1,307,134			1,208,942
Diluted		1,310,994			1,297,175			1,307,134			1,213,349

B2GOLD CORP. CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Expressed in thousands of United States dollars) (Unaudited)

	*As at September 30,* *2024*			*As at December 31,* *2023*
*Assets*
Current
Cash and cash equivalents	$	431,113		$	306,895
Accounts receivable, prepaids and other		54,097			27,491
Value-added and other tax receivables		58,157			29,848
Inventories		378,121			346,495
		921,488			710,729

Long-term investments		89,045			86,007
Value-added tax receivables		282,803			199,671
Mining interests		3,096,562			3,563,490
Investment in associates		93,368			134,092
Long-term inventories		213,195			100,068
Other assets		69,285			63,635
Deferred income taxes		22,991			16,927
	$	4,788,737		$	4,874,619
*Liabilities*
Current
Accounts payable and accrued liabilities	$	174,563		$	167,117
Current income and other taxes payable		156,981			120,679
Current portion of prepaid gold sales		134,779			—
Current portion of long-term debt		17,288			16,256
Current portion of gold stream obligation		3,400			—
Current portion of mine restoration provisions		1,713			3,050
Other current liabilities		13,613			6,369
		502,337			313,471

Long-term debt		221,890			175,869
Gold stream obligation		157,396			139,600
Prepaid gold sales		393,138			—
Mine restoration provisions		116,485			104,607
Deferred income taxes		161,889			188,106
Employee benefits obligation		20,129			19,171
Other long-term liabilities		26,393			23,820
		1,599,657			964,644
*Equity*
Shareholders' equity
Share capital		3,492,261			3,454,811
Contributed surplus		83,844			84,970
Accumulated other comprehensive loss		(96,208	)		(125,256	)
Retained (deficit) earnings		(442,705	)		395,854
		3,037,192			3,810,379
Non-controlling interests		151,888			99,596
		3,189,080			3,909,975
	$	4,788,737		$	4,874,619

	For the three months ended September 30, 2024
	Fekola Mine	Masbate Mine	Otjikoto Mine	Total	Calibre equity investment	Grand Total
	$	$	$	$	$	$

Production costs	109,857	42,697	39,854	192,408	—	192,408
Royalties and production taxes	20,511	7,120	5,298	32,929	—	32,929

Total cash costs	130,368	49,817	45,152	225,337	—	225,337

Gold sold (ounces)	78,889	47,960	53,676	180,525	—	180,525

Cash operating costs per ounce ($/ gold ounce sold)	1,393	890	742	1,066	—	1,066

Total cash costs per ounce ($/ gold ounce sold)	1,653	1,039	841	1,248	—	1,248

	For the nine months ended September 30, 2024
	Fekola Mine	Masbate Mine	Otjikoto Mine	Total	Calibre equity investment	Grand Total
	$	$	$	$	$	$

Production costs	276,443	123,070	100,939	500,452	25,126	525,578
Royalties and production taxes	62,561	19,420	14,064	96,045	1,565	97,610

Total cash costs	339,004	142,490	115,003	596,497	26,691	623,188

Gold sold (ounces)	318,005	142,260	153,466	613,731	19,644	633,375

Cash operating costs per ounce ($/ gold ounce sold)	869	865	658	815	1,279	830

Total cash costs per ounce ($/ gold ounce sold)	1,066	1,002	749	972	1,359	984


Quarterly revenue and GEOs sold by commodity
	Q3 2024			Q3 2023
	GEOs Sold	Revenue		GEOs Sold	Revenue
	#	*(in millions)*		#	*(in millions)*
PRECIOUS METALS
Gold (excluding Cobre Panama)	71,100	$	177.6	72,939	$	140.4
Silver (excluding Cobre Panama)	11,111		28.5	12,261		23.4
PGM	2,166		5.6	5,170		9.7
	84,377	$	211.7	90,370	$	173.5
DIVERSIFIED
Iron ore	5,528	$	12.1	6,619	$	12.8
Other mining assets	1,068		2.7	1,677		3.2
Oil	14,366		32.5	20,926		38.2
Gas	2,576		8.4	4,098		9.9
NGL	2,195		5.5	2,191		4.6
	25,733	$	61.2	35,511	$	68.7
Royalty, stream and working interests (excluding Cobre Panama)	110,110	$	272.9	125,881	$	242.2
Interest revenue and other interest income	—	$	2.8	—	$	—
Revenue and GEOs (excluding Cobre Panama)	110,110	$	275.7	125,881	$	242.2
Cobre Panama	—	$	—	34,967	$	67.3
Total revenue and GEOs	110,110	$	275.7	160,848	$	309.5


Year-to-date revenue and GEOs sold by commodity
	YTD 2024			YTD 2023
	GEOs Sold	Revenue		GEOs Sold	Revenue
	#	*(in millions)*		#	*(in millions)*
PRECIOUS METALS
Gold (excluding Cobre Panama)	215,635	$	495.3	215,146	$	415.8
Silver (excluding Cobre Panama)	34,796		81.5	37,231		71.9
PGM	9,284		21.8	15,951		31.0
	259,715	$	598.6	268,328	$	518.7
DIVERSIFIED
Iron ore	17,984	$	38.9	18,801	$	36.0
Other mining assets	3,223		7.4	5,435		10.3
Oil	44,713		94.6	54,847		102.2
Gas	11,450		31.5	19,800		41.0
NGL	6,156		15.0	7,203		14.0
	83,526	$	187.4	106,086	$	203.5
Royalty, stream and working interests (excluding Cobre Panama)	343,241	$	786.0	374,414	$	722.2
Interest revenue and other interest income	—	$	6.5	—	$	—
Revenue and GEOs (excluding Cobre Panama)	343,241	$	792.5	374,414	$	722.2
Cobre Panama	30	$	0.1	100,280	$	193.5
Total revenue and GEOs	343,271	$	792.6	474,694	$	915.7


	2024 Original Guidance ¹	2024 Revised Guidance ²
Total GEOs	480,000 to 540,000	445,000 to 465,000
Precious Metal GEO sales	360,000 to 400,000	340,000 to 360,000


Conference Call and Webcast:	November 7 ^th 8:00 am ET
Dial‑in Numbers:	Toll‑Free: 1-888-510-2154 International: 437-900-0527
Conference Call URL (This allows participants to join the conference call by phone without operator assistance. Participants will receive an automated call back after entering their name and phone number):	https://bit.ly/4exPJFh

Webcast:	www.franco-nevada.com
Replay (available until November 14 ^th ):	Toll‑Free: 1-888-660-6345 International: 289-819-1450 Pass code: 19672#


	For the three months ended				For the nine months ended
	September 30,				September 30,
(expressed in millions, except per share amounts)	2024		2023		2024		2023
Net income	$	152.7	$	175.1	$	376.7	$	516.1
Gain on disposal of royalty interests		—		—		(0.3)		(3.7)
Foreign exchange loss (gain) and other expenses (income)		1.3		1.8		12.7		(2.1)
Tax effect of adjustments		(0.4)		(1.8)		(2.4)		(0.1)
Other tax related adjustments
Deferred tax expense related to the remeasurement of deferred tax liability due to changes in Barbados tax rate		—		—		49.1		—
Change in unrecognized deductible temporary differences		0.3		—		(1.1)		—
Adjusted Net Income	$	153.9	$	175.1	$	434.7	$	510.2
Basic weighted average shares outstanding		192.3		192.1		192.3		192.0
Adjusted Net Income per share	$	0.80	$	0.91	$	2.26	$	2.66


	At September 30,		At December 31,
	2024		2023
ASSETS
Cash and Cash equivalents	$	1,317.3	$	1,421.9
Receivables		133.9		111.0
Gold bullion, prepaid expenses and other current assets		99.8		82.4
Current assets	$	1,551.0	$	1,615.3

Royalty, stream and working interests, net	$	4,230.6	$	4,027.1
Investments		323.3		254.5
Loans receivable		110.5		24.8
Deferred income tax assets		30.7		37.0
Other assets		53.5		35.4
Total assets	$	6,299.6	$	5,994.1

LIABILITIES
Accounts payable and accrued liabilities	$	26.2	$	30.9
Current income tax liabilities		40.1		8.3
Current liabilities	$	66.3	$	39.2

Deferred income tax liabilities	$	242.0	$	180.1
Other liabilities		4.5		5.7
Total liabilities	$	312.8	$	225.0

SHAREHOLDERS' EQUITY
Share capital	$	5,762.1	$	5,728.2
Contributed surplus		21.9		20.6
Retained earnings		380.3		212.3
Accumulated other comprehensive loss		(177.5)		(192.0)
Total shareholders' equity	$	5,986.8	$	5,769.1
Total liabilities and shareholders' equity	$	6,299.6	$	5,994.1


	For the three months ended				For the nine months ended
	September 30,				September 30,
	2024		2023		2024		2023
Revenue
Revenue from royalty, streams and working interests	$	272.9	$	309.5	$	786.1	$	915.7
Interest revenue		2.8		—		5.9		—
Other interest income		—		—		0.6		—
Total revenue	$	275.7	$	309.5	$	792.6	$	915.7

Costs of sales
Costs of sales	$	31.9	$	48.9	$	94.6	$	134.2
Depletion and depreciation		54.2		68.1		165.3		204.2
Total costs of sales	$	86.1	$	117.0	$	259.9	$	338.4
Gross profit	$	189.6	$	192.5	$	532.7	$	577.3

Other operating expenses (income)
General and administrative expenses	$	7.8	$	5.0	$	21.9	$	17.4
Share-based compensation expenses		2.4		0.7		7.0		6.3
Gain on disposal of royalty interests		—		—		(0.3)		(3.7)
Gain on sale of gold bullion		(2.6)		(0.2)		(5.1)		(2.3)
Total other operating expenses	$	7.6	$	5.5	$	23.5	$	17.7
Operating income	$	182.0	$	187.0	$	509.2	$	559.6
Foreign exchange (loss) gain and other (expenses) income	$	(1.3)	$	(1.8)	$	(12.7)	$	2.1
Income before finance items and income taxes	$	180.7	$	185.2	$	496.5	$	561.7

Finance items
Finance income	$	14.9	$	15.5	$	47.1	$	36.0
Finance expenses		(0.7)		(0.7)		(1.9)		(2.1)
Net income before income taxes	$	194.9	$	200.0	$	541.7	$	595.6

Income tax expense		42.2		24.9		165.0		79.5
Net income	$	152.7	$	175.1	$	376.7	$	516.1

Other comprehensive income (loss), net of taxes

Items that may be reclassified subsequently to profit and loss:
Currency translation adjustment	$	24.1	$	(31.7)	$	(27.4)	$	(1.8)

Items that will not be reclassified subsequently to profit and loss:
Gain on changes in the fair value of equity investments
at fair value through other comprehensive income ("FVTOCI"),
net of income tax		24.3		3.5		41.5		4.5
Other comprehensive income (loss), net of taxes	$	48.4	$	(28.2)	$	14.1	$	2.7

Comprehensive income	$	201.1	$	146.9	$	390.8	$	518.8

Earnings per share
Basic	$	0.79	$	0.91	$	1.96	$	2.69
Diluted	$	0.79	$	0.91	$	1.96	$	2.68
Weighted average number of shares outstanding
Basic		192.3		192.1		192.3		192.0
Diluted		192.5		192.4		192.5		192.3

B2GOLD CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30 (Expressed in thousands of United States dollars) (Unaudited)

	*For the three* *months ended* *Sept. 30, 2024*			For the three months ended Sept. 30, 2023			*For the nine* *months ended* *Sept. 30, 2024*			For the nine months ended Sept. 30, 2023
Operating activities
Net (loss) income for the period	$	(631,032	)	$	(34,770	)	$	(617,328	)	$	158,984
Mine restoration provisions settled		(527	)		(344	)		(1,468	)		(923	)
Non-cash charges, net		749,620			228,448			1,134,534			462,088
Proceeds from prepaid sales		—			—			500,023			—
Changes in non-cash working capital		3,576			(28,339	)		(54,148	)		(7,061	)
Changes in long-term inventory		(101,769	)		(32,296	)		(117,465	)		(36,995	)
Changes in long-term value added tax receivables		(35,967	)		(22,495	)		(87,088	)		(67,083	)
Cash (used) provided by operating activities		(16,099	)		110,204			757,060			509,010

Financing activities
Drawdown of revolving credit facility		200,000			—			200,000			—
Repayment of revolving credit facility		—			—			(150,000	)		—
Extinguishment of gold stream and construction financing obligations		—			—			—			(111,819	)
Repayment of equipment loan facilities		(2,980	)		(3,448	)		(8,886	)		(9,913	)
Interest and commitment fees paid		(1,075	)		(1,343	)		(5,744	)		(3,463	)
Cash proceeds from stock option exercises		569			6,486			3,014			12,394
Dividends paid		(46,112	)		(45,378	)		(137,970	)		(140,084	)
Principal payments on lease arrangements		(2,797	)		(1,135	)		(5,385	)		(4,624	)
Distributions to non-controlling interests		(5,412	)		(13,601	)		(12,700	)		(17,881	)
Other		(512	)		(862	)		450			725
Cash provided (used) by financing activities		141,681			(59,281	)		(117,221	)		(274,665	)

Investing activities
Expenditures on mining interests:
Fekola Mine		(64,464	)		(83,166	)		(198,205	)		(211,112	)
Masbate Mine		(5,192	)		(5,896	)		(20,229	)		(20,947	)
Otjikoto Mine		(609	)		(13,290	)		(26,128	)		(46,266	)
Goose Project		(120,974	)		(88,082	)		(366,129	)		(156,694	)
Fekola Regional Properties		(3,992	)		(16,535	)		(13,417	)		(46,345	)
Gramalote Project		(3,357	)		(854	)		(10,227	)		(2,568	)
Other exploration		(18,752	)		(17,770	)		(39,164	)		(58,313	)
Cash proceeds on sale of investment in associate		—			—			100,302			—
Cash proceeds on sale of long-term investment		58,627			—			77,288			—
Purchase of shares in associates		(9,089	)		—			(9,089	)		—
Cash proceeds from sale of mining interests		7,500			—			7,500			—
Purchase of long-term investments		(664	)		(879	)		(6,916	)		(32,759	)

Metals Creeks Option Partner, Quadro Resources Receives Exploration Permit for Careless Cove and Yellow Fox Properties, Newfoundland and Labrador

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