I had already written last week that I had read a very detailed analysis for $BTO (-1.97%) but it was a PDF and 53 pages in English. So I have now asked Gemini to translate and summarize the presentation for GQ.
Unfortunately, of course, the many graphics are missing.
Nevertheless, the share is mega exciting and could become the next tenbagger in the commodities sector of my portfolio.
B2Gold Corp. - Company presentation August 2025
B2Gold is an international gold company that focuses on the mining, exploration and development of gold projects. The August 2025 presentation highlights the Company's strategic objectives and financial guidance.
Key figures for 2025
- Gold production: The forecast consolidated gold production for 2025 is between 970,000 and 1,075,000 ounces.
- All-in sustaining costs (AISC): The projected AISC, including the cost of the new Goose Mine project, is between 1,490 and 1,550 US dollars per ounce.
- Quarterly dividend: The quarterly dividend amounts to 0.02 US dollars per share.
Important projects and growth
The company operates several mines and projects worldwide:
- Fekola Complex (Mali): The mine is expected to produce between 515,000 and 550,000 ounces of gold in 2025. Production at the Fekola Regional Project is expected to start in the second half of 2025 and contribute an average of 180,000 ounces per year from 2026 to 2029.
- Masbate Gold Project (Philippines): Production of between 170,000 and 190,000 ounces is expected in 2025.
- Otjikoto Mine (Namibia): Expected production for 2025 is between 165,000 and 185,000 ounces of gold.
- Goose Project (Canada): This is a new, high-grade project in the Back River Gold District. First gold production was achieved here in the second quarter of 2025 and full commercial production is expected in the third quarter of 2025. Expected production for 2025 is between 120,000 and 150,000 ounces. The potential is 300,000 ounces per year from 2026 to 2031.
Strategy and diversification
B2Gold is pursuing a growth strategy with the aim of achieving new annual production of over 750,000 ounces in the next 5 years. This is to be achieved through the development of existing projects such as Fekola Regional, Gramalote and Antelope. The company is globally diversified, with headquarters in Vancouver (Canada) and mines in Mali, Namibia and the Philippines as well as projects in Canada, Finland and Colombia.
Shareholder structure and security
The shareholder structure consists of 65% institutional investors, 34% retail/other investors and 1% management/insiders. B2Gold reports that it has a very good health and safety record in Q2 2025, with a Lost-Time Injury Frequency Rate (LTIFR) of 0.08 and a Total Recordable Injury Frequency Rate (TRIFR) of 0.42.
