Prosper Gold Corp. Announces Private Placement

Prosper Gold Corp. (" Prosper Gold " or the " Company ") (TSXV:PGX) announces that it intends to offer, on a non-brokered private placement basis, up to 6,111,111 units of the Company (the " Units ") at a price of $0.90 per Unit (the " Issue Price ") for gross proceeds to the Company of up to approximately $5,500,000 (the " Offering "). There is no minimum offering amount.

Each Unit will consist of one common share of the Company (each, a " Common Share ") and one-half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each Warrant will entitle the holder to acquire one common share of the Company at a price of $1.35 until the date that is 24 months following completion of the Offering.

In the event that Prosper Gold's common shares trade at a closing price on the TSX Venture Exchange (the " TSX-V ") of greater than $1.80 per common share for a period of 20 consecutive trading days at any time after the closing date of the Offering, Prosper Gold may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30 ^th day after the date on which such notice is given by Prosper Gold.

It is anticipated that the private placement will close on December 17, 2020 or such other date as the Company may determine and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX-V. Prosper Gold expects to use the net proceeds from the Offering to fund exploration activities for 2021 at the Golden Sidewalk Project and for working capital and general corporate purposes.

The Offering is non-brokered; however, Prosper Gold may pay finder's fees in accordance with the rules and policies of the TSX-V.

All of the securities sold pursuant to the Offering will be subject to a four month hold period, which will expire four months and one day from the date of closing. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and were not permitted to be offered or sold within the United States absent registration or an applicable exemption from the registration requirements of such Act.

About the Golden Sidewalk

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases (see the C ompany's Aug. 10, Sept. 8 , and Sept. 15, 2020 news releases for details) in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area. The recently identified "Golden Corridor" lies immediately north of the unconformity in the western portion of the property and is characterized as a highly prospective, greater than 5 kilometre trend of coincident favourable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 3.3 by 0.5 kilometres. Historical drilling programs at the Bathurst Mine, Joe Vein, KT vein, Dunkin and Vihonen prospects reported high-grade gold intercepts which warrant follow-up.

For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com

ON BEHALF OF THE BOARD OF DIRECTORS

Per: " Peter Bernier "
Peter Bernier
President & CEO

For further information, please contact:

Peter Bernier
President & CEO
Prosper Gold Corp.
Cell: (250) 316-6644
Email: Pete@ProsperGoldCorp.com

Unless otherwise specified, all dollar amounts used herein refer to the law currency of Canada.

Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the use of proceeds from the Offering , the expected closing date of the Offering and the exercise of the Warrants . Forward-looking statements necessarily involve known and unknown risks, including, without limitation, the Company's ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.

Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release, and, accordingly, are subject to change after such date. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

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

News Provided by GlobeNewswire via QuoteMedia

Prosper Gold TSXV:PGX 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.

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Will Trump Bring Back the Gold Standard? (Updated 2024)

The gold standard hasn’t been used in the US since the 1970s, but when Donald Trump was president from 2017 to 2021 there was some speculation that he could bring it back.

Rumors that the gold standard could be reinstated during Trump’s presidency centered largely on positive comments he made about the idea. Notably, he suggested that it would be “wonderful” to bring back the gold standard, and a number of his advisors were of the same mind — Judy Shelton, John Allison and others supported the concept.

Now that Trump has won the 2024 US presidential election, some are again wondering if he will return the country to the gold standard after he takes office in January 2025. Speaking on his War Room podcast in December 2023, Steve Bannon, Trump's former chief strategist, said he believes the president elect could ditch the US Federal Reserve and bring back the gold standard in his second term in office.

More recently, the Heritage Foundation included a whole chapter on the US Federal Reserve written by a former member of Trump's 2016 transition team in its Project 2025 (a proposed blueprint for Trump's second term), and suggested a return to the gold standard. While President Trump has publicly disavowed Project 2025, its creators say he is privately supportive of the initiative.

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Bonanza Grade Gold Results at Flicka Lake

Red Mountain Mining Limited (“RMX” or the “Company”) is pleased to advise that it has received gold results for 91 rock grab samples collected during September from the Company’s 100%-owned Flicka Lake prospect in Ontario, Canada. The rock chip sampling was carried out in parallel with a soil sampling program. Approximately 400 locations were visited within the Flicka Lake claims and 91 rock grab samples and 283 soil samples were collected and submitted for multielement geochemical analysis, including gold by Flame Assay and a base metal suite by four acid digest with ICP-OES finish. Soil results assay results are expected before the end of November.

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	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	)

Prosper Gold Corp. Announces Private Placement

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