B2Gold Corp. is a Vancouver-based gold producer wi
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B2Gold Corp. is a Vancouver-based gold producer with two mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia, Namibia and Uruguay. It was founded as a private company in 2007 by the former executives and management team of Bema Gold Corp. and completed a CA$100M initial public offering the same year. B2Gold's objective is to continue to be a leader in building shareholder value through optimizing gold production at existing mines and through the exploration and development of existing projects and potential acquisitions.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
The Gold Report Interview with Jamie Mackie (3/22/13)
"TGR: Which small-cap mining equities have withstood the rigors of your due diligence?
JM: B2Gold Corp. has a number of high-quality projects in decent jurisdictions. It is reasonably capitalized and can still raise money.
TGR: The B2Gold management team has built companies before, for example, Bema Gold, which was sold to Kinross Gold Corp (K:TSX; KGC:NYSE) for about $3.5 billion. Do you think management plans the same with B2Gold?
JM: Junior gold miners tend to be taken out by the bigger players. That is the ultimate liquidity event, and it would not surprise me if that was the plan. B2Gold could go to a Kinross or a Goldcorp, but for the time being I think it will stay independent."
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Morning Coffee (3/19/13) "B2Gold Corp. is a Focus List pick based on one of the best production growth profiles in the sector, with expected production growth from 158 Koz in 2012 to 550 Koz in 2015 (and potentially to 750 Koz by 2017 if Gramalote is advanced to production). Growth to the +500 Koz intermediate producer category by 2015 is largely permitted and fully funded, leading to a relatively low development-risk profile."
Morning Coffee (3/6/13) "2013 looks to be a catalyst-driven year for B2Gold Corp., in which its operational success and new project development should attract interest. Potential catalysts in the coming month include Q4/12 financials and a reserve/resource update that is expected by the end of March."
Steven Butler, Canaccord Genuity (3/6/13) "In our view, the fundamentals of B2 Gold Corp. going forward remain very strong and we view current levels as an attractive buying opportunity. The company remains a 2013 Canaccord Genuity Focus List pick based on our belief that it has one of the best production growth profiles in the sector, relatively low permitting, financing and new mine development risk, and several upcoming catalysts that we believe should pave the way for strong share price performance in 2013."
Ovais Habib, Scotia Capital (1/31/13) "B2 Gold Corp. is expected to provide 2013 production and cost guidance for its 100%-owned Masbate gold project in the Philippines in the coming months. . .we currently forecast 2013 production at Masbate of 178.2 Koz Au at a cash cost of $750/oz. . .including Masbate, we estimate 2013 total gold production of 365.9 Koz at a cash cost of $679/oz. . .Masbate represents 42% of our share NAV for the company. . .we rate the stock Sector Outperform."