Thesis
B2Gold Corporation (BTG) has posted a strong Q1 with record improvement in production and revenues. The company's lowest-cost Fekola mine (or FM) continues to excel in delivering superior performance and helps improve BTG's operating margins. With splendid performance from low-cost mines and gold's rebound from its recent lows, BTG has outperformed a couple of senior gold miners as well as its benchmark index. The global outbreak of the pandemic has caused immense volatility in markets (including the gold market) but BTG has managed to retain its operational strength so far and claims