10 Best Gold Penny Stocks to Buy Now

4. B2Gold Corp. (NYSE:BTG)

Number of Hedge Fund Holders: 19

B2Gold Corp. (NYSE:BTG) is a major gold producer based in Vancouver, maintaining strong operations across Mali, Namibia, and the Philippines. The company is developing its promising Goose Project in northern Canada while exploring opportunities in Mali, Colombia, and Finland. With expanding production capabilities and solid financials, B2Gold is cementing its position in the global gold mining industry as one of the best penny stocks.

For the year ending December 31, 2024, B2Gold Corp. (NYSE:BTG) produced 804,778 ounces of gold, falling at the lower end of its production guidance due to delays in accessing high-grade ore at the Fekola mine. Strong output from the Masbate and Otjikoto mines helped achieve 186,001 ounces in Q4 of 2024. Despite Fekola’s challenges, quarterly earnings remained stable, with an adjusted net income of $0.01 per share. Operating cash flow reached $145 million, boosted by rising gold prices, while full-year cash reserves stood at $337 million after fully repaying a $400 million credit facility.

Despite B2Gold Corp.’s (NYSE:BTG) 2024 challenges, the company is positioned for expansion in 2025. The Goose Project is set to launch in Q2 2025, aiming to produce over 300,000 ounces of gold annually. At Otjikoto, exploration of the Antelope deposit added 327,000 ounces to resources, boosting growth potential. Progress in Colombia continues with the Gramalote Project, which is expected to have a feasibility study completed by mid-2025 and a possible annual output of 234,000 ounces.

With the Goose Project ramping up and the regional expansion of Fekola advancing, B2Gold expects production to rebound in 2025. The company continues rewarding shareholders, declaring a Q1 2025 dividend of $0.02 per share. As these developments unfold, B2Gold Corp. (NYSE:BTG) is well-positioned for long-term growth.