Topic: How To Invest

Q: Pat, what do you think of B2Gold as a speculative holding? It recently started up a new mine.

Article Excerpt

A: B2Gold Corp., $3.95, symbol BTO on Toronto (Shares outstanding: 939.4 million; Market cap: $4.0 billion; www.b2gold.com), owns five mines: the Limon and Libertad gold mines in Nicaragua; the Otjikoto mine in Namibia; the Masbate mine in the Philippines; and the new Feloka mine in Mali. B2Gold also holds a 49% interest in Colombia’s Gramalote project. 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 successfully completed construction of the Fekola mine in late September 2017. That was more than three months ahead of schedule. The mine achieved commercial production on November 30, 2017. The company produced a record 242,040 ounces of gold in the three months ended September 30, 2018 (including 107,002 ounces from the Fekola mine). That’s up 127.5% from 106,412 ounces…