- B2Gold released updated resources at its Cardinal and Anaconda area deposits, reporting a massive increase in resources, pushing its total Malian resource base to nearly 11 million ounces.
- This is a huge improvement from 2018 when resources sat at barely 700,000 ounces (ex-Fekola), making it difficult to see documented upside to the Fekola mine plan.
- Not only does this significant increase in resources at Cardinal/Anaconda augment the current Fekola mine plan, but if the economics are robust, there could be stand-alone potential long-term.
- With an industry-leading dividend yield, a team with a near-flawless track record, and a bright future ahead in Mali, I would view any pullbacks below $3.90 on B2Gold as buying opportunities.
For further details see:
B2Gold: A Massive Upgrade To Its Malian Resource Base