BTG Stock Recent News

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Gold surged to new highs, but the gold mining sector has lagged recently due to cost and geopolitical issues. GOLD and B2Gold are currently trading for pennies on the dollar despite having strong balance sheets and quality portfolios. I take a look at the unique risks and challenges facing these companies and share whether or not I think they are worth buying.

BTG continues to expect 2024 annual gold production guidance for the Fekola mine to be at the lower end of the 420,000-450,000 ounces despite a labor strike.

VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) announces that it is closely monitoring a strike that began on November 29, 2024, by certain employees at the Company's Fekola Mine in Mali. Under the notice provided to the Company by the Fekola workers union, the strike commenced on November 29, 2024 with a seven day duration ending on December 5, 2024. The Company is continuing to operate the Fekola mill at full throughput capacity during this period and still expects to be toward the lower end of its annual production guidance for the Fekola Mine of between 420,000 and 450,000 ounces of gold in 2024.

BTG's positive drill results illustrate its ability to enhance Mineral Resources and extend the mine life at the Goose Project.

In the past 24 months, the price of gold has hit 39 all-time new highs, which is the most in nearly a half century.

VANCOUVER, British Columbia, Nov. 13, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce positive exploration drilling results from its 2024 drilling campaign at the Goose Project, part of the Back River Gold District in Nunavut, Canada. All dollar figures are in United States dollars unless otherwise indicated.

BTG expects 2024 total gold production at the low end of 800,000-870,000 ounces.

B2Gold faced significant challenges in 2024, including royalty disputes, mine delays, and equipment breakdowns, which hindered its ability to capitalize on rising gold prices. The 3Q24 financial results were poor, with a $631m loss, largely due to increased costs and a substantial non-cash impairment charge at the Goose mine. The outlook for 2025 is more optimistic, with expected production increases from Goose and Fekola, potentially leading to a profitable year if gold prices remain high.

B2Gold Corp. (NYSE:BTG ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Clive Johnson - President and Chief Executive Officer Mike Cinnamond - Senior Vice President, Finance and Chief Financial Officer Bill Lytle - Senior Vice President and Chief Operating Officer Victor King - Senior Vice President, Exploration Conference Call Participants Anita Soni - CIBC Gold Markets Don DeMarco - National Bank Ralph Profiti - Eight Capital Ovais Habib - Scotiabank Operator Thank you for standing by. This is the conference operator.