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.

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Comment by Galvanizeron Apr 07, 2024 1:00pm

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Post# 35975600

RE:video

Hey 'eric_a_su'... really great post - video presents a nice analysis!

Biggest concerns for BTO is (1) most of its future gold production (approximately 50%) is from Mali (there are geopolitical risks in general and the licence to operate in the future has not been approved yet - not sure why), (2) BTO sold $500,000,000 of gold in January 2024 (this is debt) with a repayment plan of equal monthly deliveries of gold from July 2025 to June 2026 totaling 264,775 ounces (equal to $1,888 per ounce revenue only - $500,000,000 / 264,775 ounces) - that is lots of upside revenue potential given up for financing operations and capex - this pre-sold gold production represents about 20% of total estimated future annual production (for one year), and (3) the Sabina project is not yet built and there are significant cost overruns already announced!!

Nice to see some quality analysis provided by some of the posters...

Stay positive.