Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
B2Gold (TSX: BTO) continued to climb to higher revenues peaks in the second quarter, 2011. B2Gold’s record revenues hit $53.5 million as of March 31, 2011, and the gold producer noted it was the fourth consecutive quarter in which it logged such records.
With strong revenue from its two operating mines in Nicaragua, B2Gold also managed to hit record $26.1 million cash flow and its highest quarterly gold sales to date of 34,733 ounces.
