Topic: How To Invest

Q: Pat: What is your opinion on B2Gold as a speculative holding? It’s starting up a new mine soon.

Article Excerpt

A: B2Gold Corp., $3.55, symbol BTO on Toronto (Shares outstanding: 939.4 million; Market cap: $3.4 billion; www.b2gold.com), owns four mines: the Limon and Libertad gold mines in Nicaragua; the Otjikoto mine in Namibia and the Masbate mine in the Philippines. In addition, the company has a mine under construction in Mali (see Feloka below). B2Gold also holds 81% of the Kiaka project in Burkina Faso and a 49% interest in the Gramalote project in Colombia. The company was formed by the management team of Bema Gold after Kinross Gold bought out that mining firm in early 2007. Six years later, in 2013, B2Gold completed its $1.1 billion purchase of CGA Mining (symbol CGA on Toronto). CGA owned the Masbate gold mine in the Philippines. B2Gold produced 121,448 ounces of gold in the three months ended June 30, 2017. That’s down 10.2% from 135,242 ounces a year earlier. The production decline was primarily due to operational problems at its Libertad and Limon mines. Slightly lower…