Source: Mining - Fekola Mine located near Mali's border with Senegal. Courtesy: Africa mining Market
Investment Thesis
Vancouver-based gold miner B2Gold Corp. (BTG) released its second-quarter results on August 7, 2020. Good quarter overall, with record revenues of $442 million pushed by an increase of 31% in the average realized gold price.
The price of gold has been extremely beneficial for the company, and we should expect another record in revenues for the third quarter as well. The gold price has corrected a little recently, but it is still above $1,900 per ounce