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B2Gold: Tracking In Line With FY2022 Guidance

May 03, 2022 7:50 AM ETB2Gold Corp. (BTG), BTO:CA9 Comments
Taylor Dart profile picture
Taylor Dart


  • B2Gold released its preliminary Q1 results last month, reporting quarterly production of 196,500 ounces, or ~209,400 when including contribution from Calibre Mining.
  • This translated to a 5% decline in production on a year-over-year basis, with this being attributed to the weakest quarter in years of the company's flagship Fekola Mine.
  • However, this was expected due to the back-end weighted production due to waste stripping, and H2 should be much better, especially if we see some contribution from Anaconda.
  • Given the combination of operational excellence and a solid development pipeline, I would expect pullbacks below US$3.85 to provide a low-risk buying opportunity.
Africa shaped from golden glitter on black (series)

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The Q1 Earnings Season for the Gold Miners Index (GDX) has finally begun, and one of the first companies to report its preliminary results was B2Gold (NYSE:BTG). While the headline numbers may have looked disappointing, the company had

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Taylor Dart profile picture
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GLD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing. Given the volatility in the precious metals sector, position sizing is critical, so when buying small-cap precious metals stocks, position sizes should be limited to 5% or less of one's portfolio.

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