B2Gold Corp T.BTO

Alternate Symbol(s): BTG

Metals & Mining Gold

B2Gold Corp. is an international gold producer. The Company has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. The Company also owns the Gramalote Project in Colombia. It also has an interest in the Back River Gold District, which is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is engaged in operating Goose Project, which is located in Nunavut, Canada.

TSX:BTO - Post by User

B2Gold Corp

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Comment by hopeful2000on May 04, 2016 1:21pm

264 Views

Post# 24841189

RE:Why is B2 getting killed today?

Unknown. No negative news has been released that I can see.

My first guess is that BTO, having run harder and farther than most PM stocks, is now experiencing a wave of profit-taking. BTO has a tendency to run harder and drop harder than the sector. Why that is, I don't know, but I've observed this many times. The whole sector is due for a profit taking event and who knows where this will go.

Should the price of gold punch through 1300 and remain above, the profit taking will quickly turn into dip-buying.

If there are no negative news fortcoming this might be seen as a buying opportunity. We shall see...

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