- B2Gold released its Q1 results on Tuesday, reporting gold production of ~220,600 ounces, translating to a 17% drop year-over-year.
- The higher costs in the period of $932/oz led to a minor decrease in all-in sustaining cost margins year-over-year to $859/oz.
- The good news is that the company remains on track to meet production and cost guidance, and has a much stronger H2 planned due to higher grades.
- Given B2Gold's industry-leading costs among million-ounce producers and organic growth potential from Gramalote and potentially Kiaka, I would view any pullbacks below $4.60 as low-risk buying opportunities.
For further details see:
B2Gold: Minor Margin Compression In Q1