CA - B2Gold: A High-Quality Miner At A Dirt-Cheap Valuation

2024-05-09 07:41:25 ET

Summary

• B2Gold's Q1 production was down year-over-year, but this was largely expected in what's a softer year for Fekola ahead of significant production growth in 2025.
• On a positive note, AISC margins remained at industry-leading levels despite a higher-cost quarter, and B2Gold remains well on track to deliver on guidance.
• In this update, we'll dig into the Q1 results, recent developments, and why the Mali worries are overblown.

It's been a solid year thus far for the Gold Miners Index ( GDX ) which has recovered after a tough Q1 and is now back to a positive return for the year. Unfortunately, one name that's underperformed severely is B2Gold ( BTG ) which remains down nearly 20% year-to-date on worries about its concentration to Mali with its Fekola operations.

In this update, we'll dig into B2Gold's Q1 results , recent developments, and why the Mali worries that have kept the stock in the penalty box look overblown....

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