TD Newcrest Initiates Coverage of BTO

STEVEN GREEN, TD Newcrest (02/25/2011)
"Stable of properties from production to greenfield: B2Gold has a track record of making significant discoveries. . .now developing an operational track record with the successful operation and ramp-up of two mines in Nicaragua; B2Gold also has a growing production base (La Libertad and Limon), development projects (Gramalote) and greenfield exploration projects expected to generate news in the near term (Cebollati, Trebol, etc.). We are initiating coverage of B2Gold with a BUY recommendation and CAD$3.50 target price."

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