B2Gold Corp. (BTG) has announced the results of a new Preliminary Economic Assessment ("PEA") for its fully owned Gramalote gold project, which indicate its potential to become a medium-scale, low-cost, open pit gold mine. The Gramalote Project boasts significant infrastructure advantages, such as a reliable water supply, proximity to highways that suggest efficient transportation links and access to a skilled labor force. Excellent metallurgical characteristics of the ore, which ensure high recovery rates ...

Highlights characteristics Open pit gold mine with an initial life of mine of 10 years, with mill processing over 12.5 years ("Life of Project") Average grade processed of 1.26 grams per tonne ("g/t") gold over the first five years, benefitting from the processing of the higher-grade core at the Gramalote Project; Life of Project average grade processed of 1.00 g/t gold Life of Project gold production of approximately 2.3 million ounces with an average gold recovery of 95.9% from conventional milling, flota ...

Heading into today, shares of the gold, silver and copper miner had lost 8.19% over the past month, lagging the Basic Materials sector's loss of 3.61% and the S&P 500's gain of 4.15% in that time. Investors should also note any recent changes to analyst estimates for B2Gold. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. With respe ...

In the latest market close, B2Gold (BTG) reached $2.58, with a -1.53% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.23%. Meanwhile, the Dow experienced a drop of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.34%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.27 per share and a revenue of $1.81 billion, representing changes of -3.57% and -6.25%, respectively, from the prior year. The Zacks Ra ...

Unlike other professional sports leagues, baseball seasons almost seem eternal. Of course, that's just hyperbole but the point is, averages come to bite you if you have an unbalanced team of a few superstars and the rest being rank amateurs. Big-box retailer Target (NYSE:TGT) presents a solid case for dividend stocks to buy because of everyday needs. In a retail ecosystem increasingly shifting toward e-commerce, companies in the space must fight for relevance. Target offers a huge advantage because of its o ...

2024 Guidance B2Gold is on track to meet its previously announced outlook for 2024. The company expects a total gold production of 860,000-940,000 ounces for 2024, including 40,000-50,000 ounces of attributable production from Calibre. It anticipates total consolidated cash operating costs to be higher in 2024, and between $835 and $895 per gold ounce. The company expects a total consolidated all-in sustaining costs of $1,360-$1,420 per gold ounce. How Have Estimates Been Moving Since Then? It turns out, es ...

Core Insights - The average brokerage recommendation (ABR) for B2Gold (BTG) is 1.46, indicating a consensus between Strong Buy and Buy [4] - Of the 13 recommendations contributing to the ABR, 69.2% are Strong Buy and 15.4% are Buy [2] - The Zacks Consensus Estimate for B2Gold's earnings has increased by 6.4% over the past month to $0.26 [10] Brokerage Recommendations - Brokerage recommendations often exhibit a positive bias due to the vested interests of the firms, leading to a higher number of Strong Buy ratings compared to Strong Sell [5][8] - The ABR is calculated based on brokerage recommendations and is not necessarily reflective of actual stock price movements [3][6] - Analysts' recommendations may mislead investors more often than they guide them effectively [8] Zacks Rank - The Zacks Rank for B2Gold is 2 (Buy), driven by recent earnings estimate revisions [11] - Zacks Rank is a quantitative model that reflects earnings estimate revisions and is displayed in whole numbers, contrasting with the decimal-based ABR [7][13] - The Zacks Rank is timely and correlates strongly with near-term stock price movements, making it a more effective indicator than the ABR [14][15] Investment Implications - The positive sentiment reflected in the ABR and Zacks Rank may indicate potential for stock price appreciation in the near term [16][17] - Investors are encouraged to use the ABR in conjunction with their own research and the Zacks Rank for informed investment decisions [6][12]

At the Meeting, shareholders are being asked to vote on four items: Shareholders who have questions or need assistance with voting their shares, should contact Laurel Hill Advisory Group, the proxy solicitation agent, by telephone at +1 877-452-7184 (North America – toll free) or +1 416-304-0211 (outside North America), or by email at assistance@laurelhill.com. If you are a non-registered shareholder, you will be able to attend, participate and/or vote at the Meeting online via live webcast only if you duly ...

Vancouver, British Columbia--(Newsfile Corp. - June 6, 2024) - Sandbox Royalties Corp. ("Sandbox") has entered into a definitive purchase and sale agreement (the "Agreement") with B2Gold Corp. ("B2Gold"), pursuant to which it has agreed to acquire a portfolio of 10 royalties (the "B2Gold Royalty Portfolio") from B2Gold in exchange for approximately US$90 million in share consideration (the "Transaction"). (1) In connection with the Transaction, Sandbox has agreed to issue approximately 153.2 million common ...

Core Viewpoint - B2Gold Corp. has entered into a strategic partnership to sell a portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp., now renamed Versamet Royalties Corporation, which is expected to unlock value from previously unrecognized assets [8][11]. Company Overview - B2Gold is a low-cost international senior gold producer based in Vancouver, Canada, with operating mines in Mali, Namibia, and the Philippines, and a project under construction in Canada [1]. - The company forecasts total consolidated gold production of between 860,000 and 940,000 ounces in 2024 [1][4]. Transaction Details - Under the terms of the agreement, Versamet will issue 153.2 million common shares to B2Gold at a price of C$0.80 per share, representing a 33.0% equity ownership interest valued at approximately $90 million [9]. - The royalties included in the transaction consist of various net smelter return (NSR) and net profit royalties on projects owned by other companies, including West African Resources Ltd. and AngloGold Ashanti Ltd. [9]. - B2Gold has retained ownership of a 22.5% silver royalty on Glencore's Hackett River project [10]. Strategic Implications - The transaction allows B2Gold to unlock the value of its royalties, which were not a core part of its business, while retaining significant upside exposure as a major shareholder in Versamet [11]. - The first phase of the transaction closed on June 5, 2024, with B2Gold receiving 122.0 million shares valued at approximately $72 million [11]. - An Investor Rights Agreement has been established, allowing B2Gold to nominate a member to Versamet's Board of Directors and participate in future capital raises [12]. Future Outlook - The remaining royalties in the transaction are subject to rights that are expected to lapse or be exercised within the next 60 days, with the second phase of the transaction anticipated to close thereafter [11]. - Versamet's royalty portfolio now includes 28 royalties, with two currently cash flowing and several expected to generate cash flow soon [12].