- B2Gold released its Q2 results this week, reporting a sharp decline in quarterly production for the second quarter in a row due to lower grades at Fekola and Otjikoto.
- While Masbate and attributable production from Calibre picked up some of the slack, production was still down significantly year over year, with costs rising to $1,016/oz.
- The good news is that B2Gold has maintained its FY2021 guidance of 1 million ounces, has a strong H2 ahead, and is becoming hated again after a nearly 50% decline.
- B2Gold may not offer near-term growth, but it is becoming a value stock at 8x FY2021 earnings with a 4.1% dividend yield, suggesting that the current pullback is offering a low-risk buying opportunity.
For further details see:
B2Gold: Valuation Becoming Attractive After Violent Sell-Off