Group 1 - B2Gold Corp. (BTG) is identified as an attractive investment opportunity due to its strong fundamentals and clear growth drivers [1] - The current valuation of B2Gold appears disconnected from the market, suggesting potential for price appreciation [1] - The backdrop of the gold market, where opportunities are limited, enhances the appeal of investing in B2Gold [1]

Core Viewpoint - B2Gold Corp. reported strong operational and financial results for Q2 2025, with higher than expected gold production and lower cash costs, positioning the company well for its annual production guidance. Group 1: Production and Costs - Consolidated gold production reached 229,454 ounces in Q2 2025, exceeding expectations, with all three mines (Fekola, Masbate, and Otjikoto) performing well [2][4] - Consolidated cash operating costs were $745 per gold ounce produced, better than anticipated due to lower fuel costs and higher production [2][4] - All-in sustaining costs were $1,519 per gold ounce sold, higher than expected due to increased gold royalties and lower sales ounces [2][4] Group 2: Financial Performance - Attributable net income was $154 million, or $0.12 per share, with adjusted net income also at $0.12 per share [2][4] - Operating cash flow before working capital adjustments was $301 million in Q2 2025 [2][4] - Gold revenue for Q2 2025 was $692.2 million, significantly up from $492.6 million in Q2 2024 [4] Group 3: Liquidity and Capital Resources - As of June 30, 2025, the company had cash and cash equivalents of $308 million and a working capital deficit of $19 million [5] - The company has $800 million available under its revolving credit facility for future drawdowns [5][7] Group 4: Project Developments - The Goose Mine achieved its inaugural gold pour and is expected to ramp up to commercial production in Q3 2025, with estimated production of 120,000 to 150,000 ounces in 2025 [2][44] - A positive feasibility study for the Gramalote Project indicated an after-tax NPV of $941 million and an IRR of 22.4% at a $2,500 per ounce gold price [2][56] - Approval for underground mining at the Fekola Mine was granted, with production expected to contribute between 25,000 to 35,000 ounces in 2025 [2][21] Group 5: Future Outlook - The company is on track to meet its total gold production guidance of 970,000 to 1,075,000 ounces for 2025 [60] - Consolidated cash operating cost guidance for 2025 is now forecasted to be between $795 and $855 per ounce, reflecting lower fuel costs and expected results from the Goose Mine [62]

B2GOLD CORP. Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2025 (Unaudited) B2GOLD CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30 (Expressed in thousands of United States dollars, except per share amounts) (Unaudited) | | | For the three | | For the three | | For the six | | For the six | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | months ended June 30, 2025 | | months ended June 30, ...

Core Viewpoint - B2Gold Corp (BTG) is expected to report significant growth in second-quarter 2025 earnings, with estimates indicating an increase to 15 cents per share from 6 cents a year ago, reflecting a 15.4% upward revision in the last 60 days [1][5]. Earnings Estimates - The Zacks Consensus Estimate for BTG's second-quarter earnings is 15 cents, with a historical trend showing a positive revision of 15.38% over the past 60 days [2][5]. - The current estimates for future quarters are 0.58 for F1 and 0.59 for F2, with respective increases of 11.54% and 20.41% [2]. Earnings Surprise History - B2Gold has a mixed earnings surprise history, with one earnings beat in the last four quarters and an average negative surprise of 38.9% [3][6]. Factors Influencing Performance - Higher gold prices and increased production from the Fekola mine are expected to positively impact BTG's revenue for Q2 2025 [5][10]. - The upward trend in gold prices is attributed to geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, and central bank purchases [7][8]. - BTG anticipates recovering lost production at Fekola in 2025, aided by an agreement with the Mali government for quicker permit issuance [9]. Cost Pressures - Despite the positive revenue outlook, BTG faces cost inflation pressures across all sites, affecting input prices such as reagents, fuel, and labor costs, which may impact profit margins [10]. Share Price Performance - BTG shares have increased by 30.5% over the past year, compared to the industry's growth of 46.8% [11].

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]