B2Gold Corp. (NYSE:BTG) Q1 2022 Results Conference Call May 4, 2022 1:00 PM ET
Company Participants
Clive Johnson - President & Chief Executive Officer
Mike Cinnamond - Chief Financial Officer & Senior VP-Finance
Bill Lytle - Senior Vice President, Operations
John Rajala - Manager of Metallurgy
Conference Call Participants
Habib Ovais - Scotiabank
Geordie Mark - Haywood Securities
Anita Soni - CIBC
Operator
Good afternoon. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the B2Gold First Quarter 2022 Financial Results Conference Call. [Operator Instructions]
Mr. Johnson, you may begin your conference.
Clive Johnson
Thanks, operator. Welcome, everyone, to the conference call today. Obviously, operator said we're here to talk about the first quarter results for 2022. The news which we put out is quite inclusive, we better – we’ll give you a little summary of some of the highlights about it, update you on a few things, and then we'll open it up quite quickly for your questions.
We're pleased with the quarter. We had a significant leap versus our budget on operating cost, all-in sustaining cost and earnings, cash flow and earnings. So a very good quarter. And we can talk a little bit more about what that means in the context of going forward, but we're very pleased with that. And once again, I think some -- many of you realize the challenges that the industry is facing in terms of sort of all the inflationary pressures, et cetera. So we'll continue to remain committed to doing our thing and then focusing on where we can -- avoiding the full impact of higher costs where we can, and we can talk about that a little bit more.
In terms of the focus, obviously, continue to be a profitable, responsible gold miners as we go forward. We're externally in a strong financial position, as you know, with a tremendous cash balance, virtually no debt and being the highest dividend. See, Barrick’s just came out today with -- even with their bonus dividend, they're still behind us. I think we're at 3.8% yield today, which is the highest of the gold producers. But we're also very committed to continue to grow the company. So we want to find a balance between dividend and rewarding our shareholders for our great performance and their support, but also being able to continue to grow the company.