08:37 PM EDT, 05/07/2024 (MT Newswires) -- B2Gold Corp. ( BTG ) reported attributable net income of US$0.03 per share; Adjusted attributable net income of $0.06 per share in Q1 2024: Net income attributable to the shareholders of the company in the first quarter of 2024 of $40 million ($0.03 per share); adjusted net income attributable to the shareholders of the company of $82 million ($0.06 per share). One of the few weaknesses cited, it said development of the open pit and underground is "slightly behind schedule" at the Goose Project, with first gold production now expected in Q2 2025.

Suncor Energy ( SU ) reported adjusted operating earnings of C$1.41 per share for the quarter ended March 31, compared with a Capital IQ forecast of C$1.26. Among highlights, total upstream production was 835,300 barrels per day (bpd), a record for the first quarter and up 12.6% from a year earlier, while oil sands output hit an all-time high of 785,000 bpd.

Among other headlines, it cited: Total gold production of 225,716 ounces in Q1 2024, in-line with expectations; total consolidated cash operating costs of $734 per gold ounce produced in Q1; Total consolidated all-in sustaining costs of $1,345 per gold ounce sold in Q1; Operating cash flow before working capital adjustments of $200 million in Q1; "strong" financial position and liquidity; and a Q2 2024 dividend of $0.04 per share.

It also cited as highlights: the Goose Project 2024 winter ice road campaign was "successfully completed"; Goose Project mill construction "remains on schedule"; and "positive" exploration results from the Antelope deposit at the Otjikoto Mine in Namibia indicated potential for possible underground development. Meanwhile, a Fekola Complex technical report outlined the trucking of ore as the optimal option to maximize the value of Fekola Regional; an updated Gramalote PEA is "on track" for Q2 2024; and it received an upfront payment of $500 million, "to further enhance financial flexibility and provide additional cash liquidity."

Elsewhere, American Hotel Income Properties REIT LP reported diluted FFO per unit and normalized diluted FFO per unit were US$0.03 and $0.02, respectively, for the first quarter of 2024, compared to $0.11 and $0.07 for the same period of 2023.

Genesis Land Development Corp. ( GNLAF ) reported $68.3 Million of revenues in Q1 2024; $7.0 million of net earnings; and declared an unconditional special cash dividend of $0.095 per common share for a total of $5.4 million on May 7, 2024, payable on June 12, 2024 to shareholders of record on May 24, 2024.

During the first quarter of 2024, MAXIM Power Corp. ( MXGFF ) reported EPS Basic of $0.21 versus a year ago's $0.15 and diluted of $0.18 versus $0.14. It recorded net income and adjusted EBITDA of $10.5 million and $15.9 million, respectively, as compared to net income of $7.8 million and Adjusted EBITDA of $11.7 million, respectively, in the same period of 2023. Net income and Adjusted EBITDA in 2024 increased as compared to the same period in 2023 primarily due to Milner 2 continuing operations in the first quarter of 2024, while it was offline in the first quarter of 2023 due to the non-injury fire which occurred on September 30, 2022, partially offset by business interruption insurance claims in the first quarter of 2023. Average realized power prices compared to average market power prices were lower in the first quarter of 2024 due to an unplanned outage in January 2024 at M2 coinciding with higher market power prices.

Nova Cannabis Inc. ( NVACF ) reported revenue growth of 7% and Adjusted EBITDA growth of 40% in advance of its entry into the British Columbia market. It reported revenue of $64.3 million for the first quarter of 2024, a 7% increase from the first quarter of 2023. Net loss of $0.3 million ($0.01 loss per share) in the first quarter of 2024 compared to a net loss of $0.5 million ($0.01 loss per share) in the first quarter of 2023, representing a 40% improvement year over year.

Spartan Delta Corp. ( DALXF ) reported its unaudited financial and operating results for the three months ended March 31, 2024, as well as announced the completion of a strategic acquisition in West Shale Basin Duvernay, advancing on its stated growth strategy. Total consideration for the Willesden Green North Acquisition is approximately $53.1 million in cash, subject to certain closing adjustments effective March 1, 2024. As a result of the Willesden Green North Acquisition, the company has updated its guidance for 2024.