B2Gold: Iran Pressure Is A Golden Opportunity To Buy More

B2Gold remains a Strong Buy, with the market overpricing Mali risk despite advancing global diversification and solid fundamentals. BTG's 2026 guidance is weak due to higher AISC and planned near-term production step-downs, but long-term growth is underpinned by Goose ramp-up, Fekola Regional, and other international projects. A new CEO transition, expanded buyback program, and robust balance sheet position BTG to capitalize on strong gold prices and future expansion.