B2Gold

BTG

Market cap $6.17B

B2Gold is rated a Strong Buy, trading at a distressed valuation despite gold prices near all-time highs and significant growth projects underway. BTG is actively taking steps to reduce its dependence on Mali, with Goose Mine in Canada ramping up and set to become a major cash flow driver from 2026 onward. The company maintains strong financials and a robust pipeline of projects, with significant organic and acquisition-driven expansion potential, with Goose potentially being just the start in Canada.

AAUC's rising production and mine upgrades position it for a strong year-end boost as record gold prices drive sector momentum.

Two beaten-down income machines are flashing rare deep-value signals. Major macro trends are creating powerful tailwinds that the market is overlooking. I am doubling down while prices stay dislocated and yields remain elevated.

B2Gold (BTG) remains a Strong Buy despite recent share price weakness driven by geopolitical concerns in Mali, which accounts for 58% of production. BTG delivered strong Q3 results: production rose 41% year-over-year, costs fell, and the Goose mine in Canada reached commercial production. Valuation is compelling, with BTG trading at a significant discount to peers; the company is well-positioned for growth as Goose ramps up and Mali risks appear overstated.

B2Gold Corp. is rated a Strong Buy, with a compelling risk/reward profile after a sharp stock decline despite stable gold prices. The recent selloff is attributed to overblown country risk fears in Mali, while Fekola Mine operations remain stable and production guidance is unchanged. Q3 results showed strong EPS growth, solid cash flow, and improving cost structure, with only minor setbacks at the Goose Mine.

B2Gold Corp. ( BTO:CA ) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST Company Participants Clive Johnson - President, CEO & Director Michael Cinnamond - Senior VP of Finance & CFO William Lytle - Senior VP of Operations & COO Conference Call Participants Ovais Habib - Scotiabank Global Banking and Markets, Research Division Anita Soni - CIBC Capital Markets, Research Division Don DeMarco - National Bank Financial, Inc., Research Division Carey MacRury - Canaccord Genuity Corp., Research Division Presentation Operator Thank you for standing by. This is the conference operator.

Continued strong performance across the Fekola, Otjikoto, and Masbate mines; Goose Mine has commenced high-grade underground ore production Continued strong performance across the Fekola, Otjikoto, and Masbate mines; Goose Mine has commenced high-grade underground ore production

BTG is set to post Q3 results, with earnings projected to jump to 15 cents per share as higher gold prices and Fekola gains drive the quarterly performance.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia--(Newsfile Corp. - November 3, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to announce that B2Gold Corp. (TSX: BTO) (NYSE American: BTG) (NSX: B2G) ("B2Gold") has agreed to complete an additional strategic investment into the Company. Pursuant to the transaction B2Gold has agreed to subscribe for an aggregate of 10,309,278 common shares of the Company (the "Shares") at a price of C$0.97 per Share for aggregate gross proceeds to the Company of $10 million (the "Offering").

Inflation is expected to remain sticky and GDP expected to range between 1.7 to 2.1% in 2026. The U.S. may avoid stagflation, but mild forms are present and may linger. While investors won't likely need to pull out the 1970s-1980s investment playbook, they are wise to consider the best stocks for mild stagflation. Classic stagflation investments include precious metals, consumer staples with pricing power, defensive healthcare, multi-line insurers, and some utilities.