Buy, Sell or Hold This Precious Metals Stock-BTG

Acrobull Canada Advisory Inc.

April 01			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
B2 Gold Corp.	NYSE-BTG	Precious Metals		$3.542 Billion	Medium

B2Gold Corp. is a gold producer based in Canada. The corporation runs the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. It also holds 100% of the Gramalote gold project in Colombia.

Recent Highlights

Exploration- In 2024, B2Gold carried out another year of intensive exploration, costing $61 million (including $8 million in target creation expenditures included in other operating expenses in the Consolidated Statement of Operations) vs a $63 million budget. Exploration in 2024 was primarily focused on the Back River Gold District to improve and expand the considerable resource base at the Goose Project and neighboring regional opportunities.

In Namibia, the Otjikoto Mine's exploration campaign was the largest since 2012, focusing on drilling the newly discovered Antelope deposit. In Mali, the exploration campaign was focused on a more targeted search for further sulphide-related gold mineralization near the mine and at the surface.

Fourth Quarter 2024 Highlights

Total gold production of 186,001 ounces in Q4 2024: Total gold production in the fourth quarter of 2024 was 186,001 ounces. Masbate and Otjikoto both continued to outperform expectations in the fourth quarter of 2024

Total consolidated cash operating costs of $968 per gold ounce produced in Q4 2024: Total consolidated cash operating costs (see “Non-IFRS Measures”) were $968 per gold ounce produced during the fourth quarter of 2024,

Total consolidated all-in sustaining costs of $1,668 per gold ounce sold in Q4 2024: Total consolidated all-in sustaining costs (see “Non-IFRS Measures”) were $1,668 per gold ounce sold during the fourth quarter of 2024

Total annual consolidated gold production of 804,778 ounces: Total consolidated gold production for 2024 was 804,778 ounces (including 19,644 attributable ounces from Calibre Mining Corp. (“Calibre”)), at the low end of the Company's 2024 guidance range.

Stock Observation- The company has reported stable financial results in the fourth quarter of 2024 and is expected to do well considering it belongs to a safe sector which is precious metals. The RSI level for the stock is at 34 which shows close to oversold conditions, however due to the market volatility right entry price is needed.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Watch for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$2.65 USD
Acrobull Recommendation	Watch, Buy at $2.41
Target Price	20% of Buying Price
RSI Level	14 Day RSI 34
Total Shares Outstanding	1.32 Billion
Shares held by Insiders Risk Factor Stop Loss	0.42% Medium 5%