Sign in

Francesco Costanzo

Senior Equity Research Associate at Scotiabank

Francesco Costanzo is a Senior Equity Research Associate at Scotiabank in Toronto, specializing in equity research and sector analysis. He joined Scotiabank less than a year ago and previously held roles at three other companies, building experience in financial analysis and investment research. While specific metrics on performance and exact company coverage are not publicly listed, his current responsibilities suggest active involvement in supporting equity research reports and sector coverage for the bank's institutional clients. His professional credentials and securities licenses are not disclosed in available sources.

Francesco Costanzo's questions to B2GOLD (BTG) leadership

Francesco Costanzo's questions to B2GOLD (BTG) leadership • Q1 2025

Question

Francesco Costanzo, on behalf of Ovais Habib, inquired about the critical path items for the Goose project, the breakdown of capital spending ahead of first gold, and the expected site preparation timeline for Fekola Regional post-permitting.

Answer

Executive William Lytle identified powerhouse commissioning as a key near-term item for the Goose project, followed by mill circuit commissioning, and confirmed a three-month pre-stripping period is still required for Fekola Regional. Executive Michael Cinnamond clarified that approximately $60 million in capital spending was accelerated into late 2024 and Q1 2025, keeping the total project budget on track.

Ask Fintool Equity Research AI

Francesco Costanzo's questions to B2GOLD (BTG) leadership • Q2 2024

Question

On behalf of Ovais Habib, Francesco Costanzo of Scotiabank asked about the integrity of the dividend and the company's liquidity position, given the challenges in Mali and revised guidance. He also inquired about the funding plan and borrowing cadence for upcoming projects.

Answer

CFO Michael Cinnamond affirmed B2Gold's strong liquidity, citing nearly $0.5 billion in cash and an undrawn $700 million credit facility. He stated that while the company's goal is to maintain the dividend, capital return policies are regularly reviewed alongside major capital outlays. Cinnamond expressed confidence in the company's financial flexibility to fund its capital projects and growth initiatives.

Ask Fintool Equity Research AI