Update shared on25 Sep 2025
Fair value Increased 1.41%B2Gold’s consensus price target saw only a minor increase as analysts weighed a sharply higher future P/E ratio and a significant decline in net profit margin, which together limited upward revision in fair value to CA$7.07.
What's in the News
- B2Gold confirmed 2025 total annual gold production guidance of 970,000–1,075,000 ounces.
- Q2 2025 gold production, including pre-commercial output from the Goose Mine, reached 229,454 ounces, up from 204,241 ounces.
- State of Mali approved commencement of underground operations at the Fekola Mine, enhancing production growth prospects.
- Positive feasibility study released for Gramalote Project in Colombia, outlining robust economics with average AISC of $985/oz, strong after-tax NPV/IRR, and anticipated permit modification within 12–18 months.
- Goose Mine in Nunavut, Canada, achieved first gold pour, marking B2Gold’s fourth producing mine and first Canadian asset, with initial 2025 production forecast at 120,000–150,000 ounces, targeting 300,000 ounces per year from 2026–2031.
Valuation Changes
Summary of Valuation Changes for B2Gold
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$6.97 to CA$7.07.
- The Future P/E for B2Gold has significantly risen from 4.60x to 17.52x.
- The Net Profit Margin for B2Gold has significantly fallen from 48.83% to 19.38%.
Disclaimer
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