B2Gold Corp (BTG) Announced the First Gold Pour at the Goose Mine

B2Gold Corp. (NYSEAMERICAN:BTG) is one of the 11 Hot Penny Stocks to Buy Right Now. On June 30, B2Gold Corp. (NYSEAMERICAN:BTG) announced the first gold pour at the Goose Mine, located in the Back River Gold District in Nunavut, Canada.

This first pour marks the first operating asset of the company in Canada and its fourth processing unit. Management noted that the first ore processing began on June 24, with the mill operating at about 50% of its planned capacity during this initial phase. The company aims to achieve steady-state operations and full design capacity by the third quarter of 2025, which involves synchronizing remaining generators and optimizing all processing circuits.

B2Gold Corp. (NYSEAMERICAN:BTG) projects gold production for 2025 to be between 120,000 and 150,000 ounces. The company has a strong focus on exploration, with a corporate exploration budget of $61 million in 2025, including $32 million dedicated to the Back River Gold District.

B2Gold Corp. (NYSEAMERICAN:BTG) is an international gold producer based in Canada. The company engages in the exploration, development, and operation of gold mines across multiple countries.

While we acknowledge the potential of BTG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.