- B2Gold released its preliminary Q1 results last month, reporting quarterly production of 196,500 ounces, or ~209,400 when including contribution from Calibre Mining.
- This translated to a 5% decline in production on a year-over-year basis, with this being attributed to the weakest quarter in years of the company's flagship Fekola Mine.
- However, this was expected due to the back-end weighted production due to waste stripping, and H2 should be much better, especially if we see some contribution from Anaconda.
- Given the combination of operational excellence and a solid development pipeline, I would expect pullbacks below US$3.85 to provide a low-risk buying opportunity.
For further details see:
B2Gold: Tracking In Line With FY2022 Guidance