Brazilian investment bank BTG Pactual is set to announce the acquisition of Swiss private bank Julius Baer's local unit in a deal worth about 1 billion reais ($163.6 million), newspaper O Globo reported on Monday.
The latest trading day saw B2Gold (BTG) settling at $2.57, representing a -0.77% change from its previous close.
In the most recent trading session, B2Gold (BTG) closed at $2.47, indicating a -1.2% shift from the previous trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Gold surged to new highs, but the gold mining sector has lagged recently due to cost and geopolitical issues. GOLD and B2Gold are currently trading for pennies on the dollar despite having strong balance sheets and quality portfolios. I take a look at the unique risks and challenges facing these companies and share whether or not I think they are worth buying.
BTG continues to expect 2024 annual gold production guidance for the Fekola mine to be at the lower end of the 420,000-450,000 ounces despite a labor strike.
BTG's positive drill results illustrate its ability to enhance Mineral Resources and extend the mine life at the Goose Project.
In the past 24 months, the price of gold has hit 39 all-time new highs, which is the most in nearly a half century.
BTG expects 2024 total gold production at the low end of 800,000-870,000 ounces.
B2Gold faced significant challenges in 2024, including royalty disputes, mine delays, and equipment breakdowns, which hindered its ability to capitalize on rising gold prices. The 3Q24 financial results were poor, with a $631m loss, largely due to increased costs and a substantial non-cash impairment charge at the Goose mine. The outlook for 2025 is more optimistic, with expected production increases from Goose and Fekola, potentially leading to a profitable year if gold prices remain high.
B2Gold Corp. (NYSE:BTG ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Clive Johnson - President and Chief Executive Officer Mike Cinnamond - Senior Vice President, Finance and Chief Financial Officer Bill Lytle - Senior Vice President and Chief Operating Officer Victor King - Senior Vice President, Exploration Conference Call Participants Anita Soni - CIBC Gold Markets Don DeMarco - National Bank Ralph Profiti - Eight Capital Ovais Habib - Scotiabank Operator Thank you for standing by. This is the conference operator.
Since the beginning of 2022, B2Gold's share price has drastically underperformed gold prices and other gold miners. B2Gold has faced numerous challenges over the last few years, including uncertainties around Fekola's mining concessions and the construction of a mine in a challenging environment. Given the pathway to resolution now visible on those issues, the underperformance of yesterday could become the outperformance of tomorrow.