Image: Fekola mine in Mali. Source: Wärtsilä
Investment Thesis
Vancouver-based gold miner B2Gold Corp. (BTG) released its preliminary gold production on July 13, 2020. They were in line with expectations but down from the record production quarter the company indicated in the first quarter of 2020.
However, the big plus for the miner is the price of gold that has reached $1,719 per ounce in Q2.
Based on a gold price of $1,700 per ounce for the balance of 2020, the company anticipates generating cash flows from operating activities of approximately $850 million