Core Insights - B2Gold Corp. has received approval from the State of Mali to commence underground operations at the Fekola Mine, marking a significant milestone for the company to enhance its production capacity [1][11]. Company Overview - The Fekola Complex includes the Fekola Mine, where B2Gold holds an 80% stake, and the State of Mali owns 20%. The complex also encompasses the Fekola Regional area, which is 65% owned by B2Gold and 35% by the State of Mali [2]. Production and Financial Projections - Underground operations at the Fekola Mine have begun, with stope ore production contributing an estimated 25,000 to 35,000 ounces of gold in 2025, with further increases expected from 2026 onward. The overall gold production guidance for the Fekola Complex in 2025 is set at 515,000 to 550,000 ounces [4][11]. - The Fekola Mine produced 93,805 ounces of gold in the first quarter of the year [4]. Future Developments - B2Gold and the State of Mali are collaborating to finalize the approval for the Fekola Regional exploitation permit, anticipated before the end of Q3 2025. This development is expected to enhance production and extend the mine's operational life [5][11]. - Fekola Regional is projected to add approximately 180,000 ounces of gold annually during its first four years of production from 2026 to 2029, with a mine life extending into the 2030s [6]. Market Performance - B2Gold's stock has increased by 41% year-to-date, compared to a 55.7% growth in the Zacks Mining – Gold industry. The Basic Materials sector has risen by 8.3%, while the S&P 500 has gained 5.7% [10]. - The stock is currently trading at a forward 12-month earnings multiple of 5.86X, which is below the industry average of 12.26X, and holds a Value Score of A [12]. Earnings Estimates - The Zacks Consensus Estimate for B2Gold's 2025 sales is $3.08 billion, reflecting a year-over-year growth of 61.8%. The earnings estimate for the same year is 58 cents per share, indicating a significant year-over-year growth of 262.5% [13]. - For 2026, the sales estimate implies a modest growth of 0.91%, while earnings are expected to grow by 1.97% [13].

Group 1 - B2Gold (BTG) closed at $3.37, reflecting a +1.51% change from the previous day, outperforming the S&P 500's daily loss of 0.37% [1] - Over the past month, B2Gold shares have depreciated by 9.29%, underperforming the Basic Materials sector's gain of 0.13% and the S&P 500's gain of 2.68% [1] Group 2 - B2Gold's upcoming earnings report is scheduled for August 7, 2025, with analysts expecting earnings of $0.12 per share, indicating a year-over-year growth of 100% [2] - For the full year, Zacks Consensus Estimates project earnings of $0.58 per share and revenue of $3.08 billion, representing changes of +262.5% and +61.77% from the prior year [3] Group 3 - Recent revisions to analyst estimates for B2Gold are important as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [3][4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows B2Gold currently holds a Zacks Rank of 3 (Hold) [5] Group 4 - B2Gold is trading at a Forward P/E ratio of 5.72, which is lower than the industry average Forward P/E of 11.72, suggesting it is trading at a discount [6] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [6][7]

Core Viewpoint - B2Gold Corp. has received approval from the State of Mali to commence underground operations at the Fekola Mine, which is expected to drive production growth for the Fekola Complex [1][4]. Group 1: Fekola Mine Operations - The Fekola Complex includes the Fekola Mine, which is 80% owned by B2Gold and 20% by the State of Mali, and the Fekola Regional area, which will be 65% owned by B2Gold and 35% by the State of Mali [2]. - The approval for underground operations includes stope ore production, with the company having completed over 9,300 meters of development work and necessary infrastructure in anticipation of this approval [4]. - The Fekola underground is projected to contribute between 25,000 to 35,000 ounces of gold production in 2025, with significant ramp-up expected in 2026 and beyond [5]. Group 2: Fekola Regional Development - Discussions between B2Gold and the State of Mali highlighted the importance of Fekola Regional for both near and long-term production, with an anticipated contribution of approximately 180,000 ounces of additional annual gold production from 2026 to 2029 [6]. - The exploitation permit for Fekola Regional is expected to be finalized before the end of Q3 2025, with pre-stripping activities to begin shortly after the permit issuance [6]. - The haul road from Fekola Regional to the Fekola Mine is operational, and initial gold production from Fekola Regional is expected to commence in late 2025 [6]. Group 3: Production Guidance - B2Gold has reiterated its 2025 gold production guidance for the Fekola Complex, estimating a total of 515,000 to 550,000 ounces [7]. - The company forecasts total gold production of between 970,000 and 1,075,000 ounces across all its operations in 2025 [8].

Company Overview - B2Gold (NYSE: BTG) is a gold mining company that is currently valued attractively with strong expected revenue and earnings growth [1] - The stock is experiencing a new positive uptrend on the long-term monthly chart [1] Investment Strategy - The focus is on growth and momentum stocks that are reasonably priced and likely to outperform the market over the long term [1] - The investment approach emphasizes long-term quality stocks and the use of options as a strategy [1] Historical Performance - The article references a significant market recovery, noting that the S&P 500 increased by 367% and the Nasdaq by 685% from 2009 through 2019 following a recommendation to buy at the bottom of the financial crisis [1]

B2Gold (BTG) closed at $3.41 in the latest trading session, marking a -1.16% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.54%. At the same time, the Dow added 0.52%, and the tech-heavy Nasdaq gained 0.74%. Heading into today, shares of the gold, silver and copper miner had lost 6.76% over the past month, lagging the Basic Materials sector's loss of 0.05% and the S&P 500's gain of 4.2%.The upcoming earnings release of B2Gold will be of great interest to investors ...

Core Points - B2Gold Corp. will release its second quarter 2025 financial results on August 7, 2025, after North American markets close [1] - A conference call to discuss the results will be held on August 8, 2025, at 8:00 am PT / 11:00 am ET [1] Company Overview - B2Gold is an international senior gold producer based in Vancouver, Canada, founded in 2007 [3] - The company operates gold mines in Canada, Mali, Namibia, and the Philippines, along with various development and exploration projects globally [3]

Core Points - B2Gold Corp. will release its second quarter 2025 financial results on August 7, 2025, after North American markets close [1] - A conference call to discuss the results will be held on August 8, 2025, at 8:00 am PT / 11:00 am ET [1] Company Overview - B2Gold is an international senior gold producer based in Vancouver, Canada, founded in 2007 [3] - The company operates gold mines in Canada, Mali, Namibia, and the Philippines, along with various development and exploration projects globally [3]

Core Insights - B2Gold Corp. announced positive results from the Feasibility Study (FS) on its Gramalote gold project in Colombia, indicating strong project economics with significant after-tax NPV and IRR at varying gold prices [1][5][14] Feasibility Study Highlights - The Gramalote Project has an initial life of mine of 11 years, with an average processed gold grade of 1.23 g/t over the first five years and a life of project average grade of 0.96 g/t [5][9] - Estimated gold production is approximately 2.3 million ounces, with an average annual production of 227,000 ounces in the first five years and 177,000 ounces over the life of the project [5][9] - The all-in sustaining costs (AISC) are projected at $985 per gold ounce over the life of the project [5][9] Economic Metrics - At a gold price of $2,500 per ounce, the after-tax NPV is $941 million with an IRR of 22.4%, and a payback period of 3.4 years [1][14] - At the current spot gold price of approximately $3,300 per ounce, the after-tax NPV increases to $1,716 million with an IRR of 33.5%, and a payback period of 2.4 years [1][14] Project Development and Community Support - The Gramalote Project benefits from strong local community and government support, which is crucial for its development [5][6] - The project has undergone extensive drilling and engineering studies, significantly reducing risks associated with future development [4][5] Construction and Capital Costs - The estimated construction capital cost for the project is $740 million, which includes costs for mining equipment and contingencies [5][11] - The project is designed to process up to 6.0 million tonnes per annum, with a mining operation capable of moving approximately 97,000 tonnes per day [7][9] Next Steps - B2Gold plans to advance resettlement programs and work on health, safety, and environmental projects while modifying the existing permits to reflect the new project scale [24][25] - The company anticipates that the permit modification process will take approximately 12 to 18 months [5][25]

Group 1 - Royal Gold (RGLD) is currently outperforming its Basic Materials peers with a year-to-date performance increase of 27.6%, compared to the sector average gain of 12.5% [4] - The Zacks Rank for Royal Gold is 1 (Strong Buy), indicating strong analyst sentiment and an improving earnings outlook, with a consensus estimate for full-year earnings moving 11.9% higher in the past quarter [3] - Royal Gold belongs to the Mining - Gold industry, which has an average year-to-date gain of 56.2%, indicating that RGLD is slightly underperforming its industry [6] Group 2 - B2Gold (BTG) is another stock in the Basic Materials sector that has outperformed, with a year-to-date increase of 50.8% and a Zacks Rank of 2 (Buy) [4][5] - The consensus EPS estimate for B2Gold has increased by 35.1% over the past three months, reflecting positive analyst sentiment [5] - Investors in the Basic Materials sector are encouraged to monitor both Royal Gold and B2Gold for their continued strong performance [7]

Group 1 - B2Gold is a Canadian gold mining company with significant operations in Mali, The Philippines, Namibia, and Canada, expecting to produce approximately 1 million ounces of gold in 2025 at an All-In Sustaining Cost (AISC) of $1,460 - $1,520 per ounce [1] - The company has a strong focus on value investing and has researched over 1,000 companies across various sectors, including commodities and technology [1] Group 2 - The article does not provide any specific financial performance metrics or forecasts beyond the production and cost estimates for 2025 [1]