B2Gold (BTO.TO, BTG) late on Monday amended its shareholder returns strategy to boost financial flexibility, including a decrease in its quarterly dividend.
The company cut the quarterly dividend to US$0.02 per common share from US$0.04.
B2Gold is currently focused on completing construction of the Goose mine, advancing development of the Antelope deposit at the Otjikoto mine, de-risking activities at the Gramalote project in Colombia, and an upcoming delivery of about 265,000 gold ounces from July 2025 to June 2026 to satisfy a gold prepayment arrangement.
B2Gold also plans to implement a normal course issuer bid to purchase up to 5% of its outstanding common shares, subject to TSX approval.
The NCIB is expected to start in the first quarter at last up to a year. Shares purchased under the NCIB will be canceled.
This comes after the company reported total gold production of 804,778 ounces in 2024, which was at the low end of 2024 guidance, as well as 2025 total gold production guidance of between 970,000 and 1,075,000 ounces.
B2Gold lost 3.5% on the TSX on Monday.
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