B2gold corp (BTG)
Income statement / Yearly
Dec'17Dec'16
Gold revenue

638,677

683,293

Cost of sales
Production costs (Note 19)

302,394

275,400

Depreciation and depletion

160,469

172,324

Royalties and production taxes

25,530

25,493

Total cost of sales

488,393

473,217

Gross profit

150,284

210,076

General and administrative

43,613

40,918

Share-based payments (Note 12)

18,127

13,651

Gain on sale of Lynn Lake royalty (Note 8)

6,593

0

Write-down of mineral property interests (Note 8)

4,150

5,068

Loss on sale of mineral properties (Note 8)

0

-9,886

Provision for non-recoverable input taxes

2,180

2,767

Foreign exchange losses

-1,012

-2,737

Other

1,145

8,791

Operating income

86,650

126,258

Unrealized loss on fair value of convertible notes (Note 10)

-11,144

-46,742

Community relations

5,512

5,051

Interest and financing expense

12,906

10,184

Realized loss on derivative instruments (Note 14)

-3,364

-13,962

Unrealized gain on derivative instruments (Note 14)

9,684

22,697

Write-down of long-term investments (Note 7)

1,613

2,856

Other

-7,101

1,630

Income before taxes

68,896

68,530

Current income tax, withholding and other taxes (Note 16)

27,500

25,064

Deferred income tax recovery (expense) (Note 16)

-20,170

4,866

Net income for the year

61,566

38,600

Attributable to:
Net income (loss), attributable to Shareholders of the Company

56,852

39,131

Net income (loss), attributable to Non-controlling interests

4,714

-531

Earnings (loss) per share (attributable to shareholders of the Company)
Basic earnings (loss) per share (attributable to Shareholders of the Company) (in USD per share)

0.06

0.04

Diluted earnings (loss) per share (attributable to Shareholders of the Company) (in USD per share)

0.06

0.04

Weighted average number of common shares outstanding (in thousands)
Weighted average number of common shares outstanding, basic (in shares)

976,366

941,737

Weighted average number of common shares outstanding, diluted (in shares)

991,413

955,145