B2Gold Corp. produced 203,648 ounces of gold during the second quarter of 2026, comparing with 229,454 ounces in the same period of 2025.

The company reported consolidated cash operating costs of $1,201 per gold ounce produced and all-in sustaining costs of $2,356 per gold ounce sold for the three months ended June 30, 2026. Net income attributable to shareholders reached $417 million, or $0.31 per share, while adjusted net income stood at $41 million, or $0.03 per share. Operating cash flow before working capital adjustments was $94 million, alongside a free cash outflow of $258 million.

B2Gold modified its full-year 2026 consolidated gold production guidance range to between 820,000 and 920,000 ounces, compared with its previous forecast of 820,000 to 970,000 ounces. Full-year all-in sustaining costs are now projected between $2,370 and $2,550 per gold ounce sold, down from earlier expectations of $2,400 to $2,580 per ounce.

Operational performance at the Fekola, Masbate, and Otjikoto mines exceeded expectations during the quarter. This outperformance helped offset lower output at the Goose Mine, where a previously reported fire in April 2026 temporarily affected portions of the crushing circuit. B2Gold anticipates completing repairs on the Goose crushing circuit and finishing the first phase of facility upgrades by the end of the third quarter of 2026.

In Mali, senior executives recently completed discussions with state officials regarding the Menankoto Exploitation Permit. The company anticipates final approval by the Council of Ministers of Mali in the near future.

“B2Gold delivered a solid second quarter, with production across our operating portfolio largely in line with expectations, highlighted by stronger-than-anticipated performance from Fekola, Masbate and Otjikoto. Following recent visits to Mali to discuss the status of issuance of the Menankoto Exploitation Permit, we believe that all necessary steps in the approval process have now been completed, and are confident that the permit will be approved by the Council of Ministers of Mali in the near future. Receipt of the Menankoto Exploitation Permit will be an important milestone that allows B2Gold to commence mining within Fekola Regional and supports the continued long-term growth of the Fekola Complex. At Goose, while the previously reported fire in certain areas of the crushing circuit temporarily impacted production during the second quarter, the quick and well-executed response of our team safely contained the incident, limiting the damage and resulting in no injuries to employees. Repair of the crushing circuit is progressing as planned and is on track for completion in the third quarter. During the second quarter, we further strengthened our balance sheet through the sale of our interest in Fingold for $325 million in cash, unlocking significant value for our shareholders. Other highlights from the second quarter included repurchasing $92 million of shares under our NCIB and completing the final deliveries into our Gold Prepay contracts. As we look forward to the second half of 2026 and into 2027, B2Gold expects to generate significant free cash flow at prevailing metal prices, enabling us to reinvest in our business, fund our prospective exploration projects, and increase capital returns to shareholders.”

— Mike Cinnamond, President and CEO

Read the full announcement: B2Gold Reports Q2 2026 Results; Strong Operating Performance at the Fekola, Masbate, and Otjikoto Mines led to Higher than Expected Gold Production and Lower than Expected All-In Sustaining Costs; Menankoto Exploitation Permit Expected to be Issued in the Near-Term by the State of Mali