B2Gold* (BTO : TSX : $2.29), Net Change: 0.15, % Change: 7.01%, Volume: 8,240,020
Nice moves.
Shares of B2Gold moved strongly higher Tuesday, as did the price of gold. Recently, Canaccord Genuity Mining
Analyst Rahul Paul reiterated his bullish rating on BTO, noting that Q3/13 marked a very strong quarter highlighted by better
than budgeted performance at all assets. Following the completion of several capital initiatives such as the development of
Jabali/Santa Maria and completion of expansions at both Libertad and Limon, Paul expects further quarterly production
increases going forward. With the expected commencement of production at Otjikoto in late 2014, Paul expects further
production growth and a decline in costs leading to possible re-rating over the next few years. He sees further
exploration/expansion upside potential from Otjikoto and Masbate and potential upside from the advancement of other projects
in the company’s pipeline. In the near
-term, Paul expects potentially strong Q4/13 operating results and an expected positive
initial resource on Wolfshag (late 2013E /early 2014E) to serve as the key potential catalysts for the stock.