B2Gold (BTG) Dips 10.5% Post Q2 Earnings: Should You Buy It?

Shares of B2Gold Corp (BTG) have dipped 10.5% since reporting second-quarter 2024 results on Aug 8. The decline was caused by lower-than-expected earnings and a reduced guidance for 2024, attributed an excavator damage at its Fekola mine. This incident is expected to delay the mining of higher-grade ore from Phase 7 of the Fekola pit in the second half of 2024. The gold miner thus anticipates a production loss of 50,000 ounces from Fekola. It, therefore, trimmed the total production outlook for 2024. The BT ...