11 Cheap Penny Stocks to Buy Now

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4. B2Gold Corp. (NYSE:BTG)

Share Price as of July 2: $3.66

Forward P/E Ratio as of July 2: 7.45

Number of Hedge Fund Holders: 23

B2Gold Corp. (NYSE:BTG) is one of the cheap penny stocks to buy now. On June 30, B2Gold Corp. announced its first gold pour at the Goose Mine, located in Nunavut, Canada. This marked a significant milestone as the Goose Mine, which is a part of the Back River Gold District, became B2Gold’s 4th producing mine globally and its 1st operating asset in Canada.

Ore processing at the Goose Mine began on June 24, with the mill initially operating at ~50% of its nameplate capacity, as planned. The company’s focus for Q3 2025 is to continue steady-state operations and ramp up throughput to full design capacity.

This involves synchronizing the remaining generators and ensuring optimal performance across all process circuits. B2Gold expects to achieve commercial production at the Goose Mine in Q3 2025.

B2Gold Corp. (NYSE:BTG) is a gold producer company in Canada.

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