May 14, 2012 / 1:22 PM / in 6 years

UPDATE 1-B2Gold profit rises on higher gold prices

May 14 (Reuters) - Canadian miner B2Gold Corp posted a 28 percent rise in quarterly profit, helped by higher gold prices.

First-quarter net income rose to $14.6 million, or 4 cents per share, from $11.4 million, or 3 cents per share, a year earlier.

On an adjusted basis, the company earned 5 cents per share.

Gold production in the quarter was 34,602 ounces, marginally down from 34,733 ounces it produced last year. Gold prices rose 22 percent to average $1,690 per ounce during the first quarter from the year-ago period.

Gold revenue rose 19 percent to $63.9 million.

B2Gold shares closed at C$3.19 on Friday on the Toronto Stock Exchange.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below