11 Cheap Canadian Stocks to Buy Now

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8. B2Gold Corp. (NYSE:BTG)

Forward P/E Ratio as of July 22: 6.23

Number of Hedge Fund Holders: 23

Average Upside Potential as of July 22: 27.12%

B2Gold Corp. (NYSE:BTG) is one of the cheap Canadian stocks to buy now. On July 14, B2Gold announced positive results from a Feasibility Study/FS for its 100% owned Gramalote gold project in the Department of Antioquia, Colombia.

The Feasibility Study highlights a meaningful gold production profile with favorable metallurgical characteristics. The project envisions an open-pit gold mine with an initial life of mine of 11 years, and mill processing extending over 13 years (Life of Project). The average gold grade processed is projected to be 1.23 grams per tonne (g/t) gold over the first 5 years, benefiting from the higher-grade core, and 0.96 g/t gold over the Life of Project.

Total gold production over the Life of Project is estimated at ~ 2.3 million ounces, with an average gold recovery of 95.7% from conventional milling, flotation, and cyanide leach. Average annual gold production is anticipated to be ~227,000 ounces for the first 5 years, decreasing to an average of 177,000 ounces per year over the Life of Project. The All-in Sustaining Costs/AISC are projected at $985 per gold ounce over the Life of Project, with an annual processing rate of 6.0 million tonnes per annum/Mtpa.

B2Gold Corp. (NYSE:BTG) is a gold producer company in Canada that operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia.

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