Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

Good news for those invested in the SPDR Gold Trust GLD, the iShares Gold Trust IAU and the VanEck Gold Miners ETF GDX. Read Also: Something Big Is Brewing In Gold, Stocks, And The Dollar: JPMorgan's Half-Year 2025 Outlook JPMorgan is doubling down on gold. This time, AngloGold Ashanti PLC AU is leading the charge. While the yellow metal is up a glittering 28% year-to-date, gold miners have gone full supernova. Fresnillo Plc's FNLPF 158% rally has been the talk of the town, but JPMorgan analyst Patrick Jone ...

Industry Overview - The Zacks Mining - Gold industry is experiencing a positive outlook, driven by a 28.5% increase in gold prices this year, supported by geopolitical tensions and central bank purchases [1][4] - The industry involves complex processes of gold extraction from both underground and open-pit mines, requiring significant financial resources and time [3] Major Trends - Gold prices are expected to continue rising due to a demand-supply imbalance, with central banks accumulating gold reserves and prices reaching a record high of $3,500 per ounce in April [4][6] - The industry faces challenges such as high production costs and a shortage of skilled labor, prompting companies to adopt cost-reduction strategies and digital innovations [5] Demand & Supply Dynamics - The industry is threatened by depleting resources and declining supply from old mines, leading miners to focus on acquisitions rather than new explorations [6] - Consumer demand for gold is strong, particularly in India and China, which account for about 50% of global demand, further supporting price increases [6] Industry Performance - The Zacks Mining - Gold Industry has outperformed both the broader sector and the S&P 500, with a collective growth of 53.9% over the past year compared to a 3.5% decline in the sector [9] - The industry currently trades at an EV/EBITDA of 8.06X, significantly lower than the S&P 500's 16.87X, indicating potential undervaluation [12] Company Highlights - **Franco-Nevada (FNV)**: The company has a strong portfolio of streaming and royalty agreements, is debt-free, and has seen a 7.5% share price increase over the past three months [18][19] - **Newmont (NEM)**: Following its acquisition of Newcrest Mining, Newmont has a robust portfolio and has gained 23% in share price recently, with a focus on expanding production capacity [22][23] - **Kinross Gold (KGC)**: The company has a strong production profile and has gained 26.7% in share price, with key development projects expected to boost production [26][27] - **Eldorado Gold (EGO)**: The company is set to increase annual gold production significantly by 2027, with shares rising 31.8% in the past three months [31] - **New Gold (NGD)**: The company has consolidated its interest in the New Afton mine and projects a 37% increase in gold production by 2027, with shares up 50% recently [33][34]

Core Insights - B2Gold Corp. (BTG) reached a new 52-week high of $3.83, closing at $3.77, driven by rising gold prices and strong Q1 financial results [1][10] - The company has a market capitalization of $5 billion and holds a Zacks Rank 3 (Hold) [1] Financial Performance - B2Gold reported adjusted earnings per share (EPS) of 9 cents for Q1 2025, exceeding the Zacks Consensus Estimate of 8 cents, marking a 50% year-over-year improvement [2] - Revenues for Q1 2025 were $532 million, up from $461 million in the same quarter last year [2] Production Outlook - Consolidated gold production for the March-end quarter was 192,752 ounces, a decrease of 10.1% year-over-year, but above the company's expectations [3] - B2Gold anticipates recovering lost production at Fekola in 2025 and expects a significant increase in gold production due to higher-grade ore from Fekola underground in the latter half of 2025 [3] Production Targets - The company is on track to meet total gold production expectations of 970,000-1,075,000 ounces for 2025, compared to 804,778 ounces in 2024 [4] - The Goose Project is expected to pour first gold in Q2 2025 and reach commercial production in Q3 2025, contributing 120,000-150,000 ounces of gold in 2025 [4] Strategic Initiatives - B2Gold's ongoing strategy focuses on maximizing profitable mine production, advancing development and exploration projects, and evaluating additional opportunities [5] - The company completed the 2024 Winter Ice Road campaign, facilitating the construction of the Goose Project [5] Regulatory Developments - In 2024, B2Gold reached an agreement with the Mali government regarding ownership and earnings distribution of the Fekola gold mining complex, with expedited permit issuance for Fekola Regional and underground exploitation [6] Market Conditions - Gold prices are rising due to geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, central bank purchases, and tariff conditions [7] - Gold prices surpassed $3,500 per ounce for the first time in April 2025, nearing a record high of around $3,420 [8] Stock Performance - B2Gold's shares have decreased by 54.8% over the past year, contrasting with the industry's growth of 64.5% [9]