CIBC Raises PT on B2Gold Corp. (BTG); Maintains ‘Neutral’ Rating

With strong billionaire interest, B2Gold Corp. (NYSE:BTG) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.

A golden nugget illuminated under direct lighting, hinting at the value of precious metals.

On July 14, 2025, B2Gold Corp. (NYSE:BTG) released a highly favorable Feasibility Study for its 100%-owned Gramalote gold project in Colombia. The study highlights a medium-scale open-pit mine with an 11-year expected life, projected to deliver 2.3 million ounces of gold at an average recovery rate of 95.7%. The annual production is expected at 227,000 ounces in the first five years with all-in sustaining costs of $985/oz, resulting in attractive economics.  The after-tax NPV is projected at $941 million at $2,500/oz gold and up to $1.7 billion with spot prices of $3,300/oz.

Thanks to strong government support, the completion of extensive drilling, and already-secured permits, the project’s development ramp-up is progressing. Meanwhile, permit modifications are expected to take 12-18 months.

Three days later, CIBC raised its price target on B2Gold Corp. (NYSE:BTG) from $3.60 to $4.00, maintaining a ‘Neutral’ rating. With strong fundamentals and cash flow potential, Gramalote is on its track to reshape BTG’s growth trajectory.

Operating mines in Mali, the Philippines, and Namibia, B2Gold Corp. (NYSE:BTG) is primarily focused on gold production. It is included in our list of the best gold stocks.

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Disclosure: None.