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B2Gold Receives Mali’s Approval for Underground Mining at Fekola

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B2Gold Receives Mali’s Approval for Underground Mining at Fekola

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

B2Gold Corp. has received approval from the State of Mali to commence underground mining operations at the Fekola Mine, a significant step for the company’s production growth in the region. The Fekola Complex, partially owned by the State of Mali, is expected to see a substantial increase in gold production, with the underground operations contributing 25,000 to 35,000 ounces in 2025 and ramping up in subsequent years. Additionally, the development of the Fekola Regional area is anticipated to further enhance production, contributing approximately 180,000 ounces annually from 2026 to 2029, and extending the mine’s life well into the 2030s. This strategic development underscores B2Gold’s commitment to expanding its operations and strengthening its position in the gold mining industry.

The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.50 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 Neutral.

B2Gold’s overall stock score is primarily driven by its strong cash flow and balance sheet. The positive developments in key projects like Goose and Fekola, as well as favorable corporate events, bolster the outlook. However, technical indicators and valuation concerns, such as a negative P/E ratio, weigh on the score.

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 is involved in numerous development and exploration projects globally. B2Gold forecasts gold production of between 970,000 and 1,075,000 ounces in 2025.

Average Trading Volume: 3,010,839

Technical Sentiment Signal: Buy

Current Market Cap: C$6.2B

For a thorough assessment of BTO stock, go to TipRanks’ Stock Analysis page.

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