B2Gold Stock Hits 52-Week High: What's Driving Its Performance?

B2Gold Corp BTG scaled a new 52-week high of $4.77 yesterday before ending the session at $4.76. The upside follows record high gold prices and the company’s confirmation of its total 2025 production outlook.B2Gold currently has a market capitalization of $5.9 billion and a Zacks Rank #3 (Hold).What’s Driving B2Gold's Stock?Solid Q2 Results: BTG reported adjusted earnings per share (EPS) of 12 cents for second-quarter 2025, marking a significant improvement from 6 cents in the prior-year quarter. BTG generated revenues of $692 million in second-quarter 2025 compared with the prior-year quarter’s $493 million.In the June-end quarter, B2Gold recorded a consolidated gold production of 229,454 ounces, up 12.3% year over year. The figure was higher than the company’s expectation.Solid Mine Performance: B2Gold announced that its Fekola mine maintained strong performance in the first half of 2025 and exceeded the company’s budgeted gold production levels. BTG expects Fekola Regional's exploitation permit by the end of third-quarter 2025, post which mining will start. The company expects gold production in early 2026, ramping up to 180,000 ounces per year.The company’s Otjikoto and Masbate mines have surpassed expectations in the third quarter of 2025.BTG announced that the project commissioning activities at the Goose mine are near completion. Even though the company has slightly trimmed the Goose project’s 2025 expectation, it continues to expect 250,000 ounces of gold production in 2026 and 330,000 ounces in 2027. B2Gold expects gold production from the Goose Project to be 300,000 ounces per year for the first six years of operation.Reformation of FY25 Guidance: BTG is trimming its 2025 gold production outlook for the Goose mine to 80,000-110,000 ounces from the prior stated 120,000-150,000 ounces. This is mainly due to the crushing plant capacity shortfall faced in the third quarter of 2025. Despite this, B2Gold’s total annual gold production for 2025 is expected between 970,000 and 1,075,000 ounces. The company’s production in 2024 was 804,778 ounces (including 19,644 attributable ounces from Calibre Mining Corp).The upside will be driven by solid performances at other mines. B2Gold keeps on expecting the Fekola Complex to produce 515,000-550,000 ounces of gold in 2025. However, Fekola Regional’s gold production is expected to be null in 2025 due to the timing of the Fekola Regional exploitation permit. Fekola underground  is expected to produce 30,000-40,000 ounces of gold, up from the previously mentioned 25,000-35,000 ounces.Fekola and Cardinal open-pit mining activities are anticipated to generate 485,000-510,000 ounces of gold in 2025.The company anticipates the Otjikoto mine to produce 185,000-205,000 ounces of gold in 2025, up from the previously stated 165,000-185,000 ounces. Production at the Masbate mine is expected between 190,000 and 210,000 ounces. The company previously expected the Masbate mine to produce 170,000-190,000 ounces of gold.Record Gold Prices: Gold prices are on a rally this year and have gained 42.5% year to date. The metal has been supported by geopolitical tensions, tariff concerns and continuous purchasing by central banks. Gold prices are currently trending above $3,770 per ounce, backed by expectations of further interest rate cuts.BTG Stock’s Price PerformanceThe company’s shares have rallied 48.5% in the past year compared with the industry’s surge of 74.8%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the basic materials space are The Mosaic Company MOS, Agnico Eagle Mines AEM and Carpenter Technology Corporation CRS. MOS and AEM flaunt a Zacks Rank #1 (Strong Buy) at present, and CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for The Mosaic Company’s 2025 earnings is pegged at $3.17 per share, indicating a year-over-year surge of 60.1%. The Mosaic Company’s shares jumped 31.5% last year. The consensus estimate for Agnico Eagle Mines’ 2025 earnings is pegged at $6.94 per share. The estimate indicates year-over-year growth of 64.1%. It has an average trailing four-quarter earnings surprise of 10%. Agnico Eagle Mines’ shares have surged 79.1% in a year.Carpenter Technology has an average trailing four-quarter earnings surprise of 8.4%. The Zacks Consensus Estimate for CRS’s 2025 earnings is pegged at $9.36 per share. Its shares surged 68% last year.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report B2Gold Corp (BTG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks