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B2Gold Achieves First Gold Pour at Goose Mine, Expands Canadian Operations

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B2Gold Achieves First Gold Pour at Goose Mine, Expands Canadian Operations

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B2Gold ( (TSE:BTO) ) has issued an update.

B2Gold Corp. has successfully poured its first gold at the Goose Mine, marking its first Canadian operating asset and the fourth in its global portfolio. This milestone signifies a significant step in diversifying and enhancing the company’s production capabilities. The Goose Mine, part of the Back River Gold District in Nunavut, Canada, is expected to ramp up to commercial production by the third quarter of 2025, with an estimated annual production of 300,000 ounces over the next six years. The company emphasizes collaboration with the Kitikmeot Inuit Association to ensure socio-economic benefits for the region. B2Gold’s exploration efforts continue to show promise, with significant potential across the Back River Gold District.

The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.

Spark’s Take on TSE:BTO Stock

According to Spark, TipRanks’ AI Analyst, TSE:BTO is a Outperform.

B2Gold’s stock score is primarily driven by a strong technical outlook and robust earnings call results. The company’s financial resilience, despite profitability challenges, and positive corporate developments further bolster the score. The valuation remains a concern due to the negative P/E ratio, but the dividend yield provides some compensation.

To see Spark’s full report on TSE:BTO stock, click here.

More about B2Gold

B2Gold Corp. is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, the company operates gold mines in Canada, Mali, Namibia, and the Philippines, and engages in various development and exploration projects globally. B2Gold forecasts gold production of between 970,000 and 1,075,000 ounces in 2025.

YTD Price Performance: 39.03%

Average Trading Volume: 3,462,692

Technical Sentiment Signal: Buy

Current Market Cap: C$6.38B

See more insights into BTO stock on TipRanks’ Stock Analysis page.

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