The Globe and Mail reports in its Friday edition that CIBC analyst Anita Soni has cut B2Gold to "neutral" from "outperformer." The Globe's David Leeder writes in the Eye On Equities column that Ms. Soni's share target fell to $3.60 from $4.20 (all figures U.S.). Analysts on average target the shares at $4.43. Seeing 2024 as a "transition" year, Ms. Soni lowered her projections to reflect weaker-than-expected 2024 production, costs and capex guidance. Ms. Soni says in a note: "We have little clarity on whether the outcome of B2Gold's constructive discussions with the Government of Mali will yield a viable option for the Fekola Regional ore which would impact the NAV for Fekola. The Fekola uncertainty, in combination with headwinds associated with a heavy-lifting year at Goose, causes us to await further visibility on Fekola (outcome of optimization study in Q1/24 and announcement outlining the new Mali royalty regime), progress on the Goose 2024 ice road shipping and 2024 sea-lift, and finally the Gramalote PEA in Q2/24. ... The company has exciting opportunities with the ramp-up of Goose, the potential to move forward with a streamlined Gramalote and the potential for higher production at Fekola, pending permits."