Why B2Gold Stock Is Soaring Today

Shares of B2Gold (NYSEMKT: BTG) rallied more than 11% by 12:45 p.m. EDT on Wednesday. Driving up the gold mining stock was its expectation-beating second-quarter results.

B2Gold generated $52 million, or $0.05 per share, of adjusted net income during the second quarter, which came in $0.02 per share ahead of the consensus estimate. Driving that better-than-expected result was record quarterly gold production of 246,020 ounces. That was 8% above its budget and 2% ahead of last year's second quarter due to strong results across the company's operations.

Image source: Getty Images.

Continue reading

Quelle Fool.com