B2Gold Corp. is a gold producer based in Canada. Its operating mines include Fekola in Mali, Masbate in the Philippines, Otjikoto in Namibia, and Goose in Canada. The company also holds a 100% interest in the Gramalote gold project in Colombia, along with other evaluation and exploration assets in Mali, Canada, and Finland. Incorporated in 2006, it is headquartered in Vancouver, Canada.
B2Gold Corp. reported that its all-in sustaining costs climbed 55% year over year to $2,356 per ounce sold in the first six months of 2026, while cash operating costs rose 61% to $1,201 per ounce produced. Despite the increase, both figures came in below the company's second-quarter expectations on stronger-than-expected first-half production. For 2026, B2Gold lowered its all-in sustaining cost guidance to $2,370-$2,550 per ounce from a prior $2,400-$2,580, and projects cash operating costs of $1,155-$1,280 per ounce, an upside of 58% year over year at the midpoint. The company expects full-year all-in sustaining costs to land at or below the low end of the updated range, still well above 2025's reported $1,584 per ounce. B2Gold also said the Fekola Regional operation should ramp up through the end of 2027 after the Menankoto Exploitation Permit in August 2026 and produce more than 150,000 ounces annually from 2028 through the mid-2030s, while reaffirming that the Goose mine can average 300,000 ounces of gold per year over the medium term. Among peers, Agnico Eagle Mines posted second-quarter all-in sustaining costs of $1,459 per ounce, up roughly 14% year over year, with total cash costs per ounce of $1,054, and guided 2026 cash costs of $1,020-$1,120 and AISC of $1,400-$1,550 per ounce. Newmont Corporation's gold all-in sustaining costs on a co-product basis rose about 21.7% year over year to $1,938 per ounce, with costs applicable to sales of $1,463 per ounce, up 20.4%, and 2026 projections of $1,055 per ounce for by-product costs applicable to sales and $1,680 per ounce for by-product AISC.
B2Gold Receives Menankoto Exploitation Permit in Mali
B2Gold Corporation announced the receipt of the Menankoto exploitation permit from the government of Mali on August 7, 2026, a key milestone for its Fekola Complex. The permit allows immediate commencement of mining pre-stripping at the Fekola Regional project, which is expected to ramp up through 2027 and produce over 150,000 ounces of gold annually from 2028 through the mid-2030s. The company reported second quarter 2026 consolidated gold production of 204,000 ounces, with net income of $417 million, or $0.31 per share, driven by a $325 million gain from the sale of its Finland properties and unrealized derivative gains. Adjusted net income was $41 million, or $0.03 per share, after excluding $71 million in realized losses from gold collar contracts. Free cash flow was negative $258 million, impacted by elevated cash tax payments, priority dividend payments to Mali, and gold prepay deliveries, but management expects a significant improvement as the company enters 2027 unencumbered by those financial instruments. Full-year production guidance was narrowed to 820,000 to 920,000 ounces, with cash operating cost guidance unchanged at $1,155 to $1,280 per ounce and all-in sustaining cost guidance lowered to $2,370 to $2,550 per ounce sold.
B2Gold Q2 adjusted earnings miss estimates on higher costs and gold collar losses
B2Gold reported second-quarter 2026 adjusted earnings of 3 cents per share, missing the Zacks Consensus Estimate of 7 cents by 57.14% and falling 75% from 12 cents a year ago, as $71 million in realized losses on gold collars weighed on results. Revenues rose 14% year over year to $789 million, supported by a higher average realized gold price of $3,767 per ounce, though gold ounces sold dipped slightly to 209,537. Consolidated gold production fell 11.2% to 203,648 ounces, with output declines at Fekola and Otjikoto partly offset by a modest increase at Masbate and initial production of 12,890 ounces at Goose. The company reported consolidated cash operating costs of $1,201 per ounce produced in the reported quarter, surging 61.2% year over year, while consolidated all-in sustaining costs of $2,356 per ounce sold increased 55.1%. B2Gold narrowed its 2026 production guidance to 820,000 to 920,000 ounces and improved its all-in sustaining cost guidance to $2,370 to $2,550 per ounce sold, while also completing the $325 million sale of its 70% interest in Fingold Ventures and repurchasing 19 million shares for $92 million.
B2Gold Narrows 2026 Production Guidance After Strong Q2 Output
B2Gold reported second-quarter 2026 gold production of 203,648 ounces, with stronger-than-expected performance at its Fekola, Masbate, and Otjikoto mines offsetting lower output at Goose due to a crushing-circuit fire. Consolidated all-in sustaining costs came in at $2,356 per ounce sold, below expectations, while attributable net income reached $417 million, or $0.31 per share, boosted by a $292 million gain on the sale of its 70% interest in Fingold Ventures to Agnico Eagle for $325 million. The company narrowed its full-year production guidance to between 820,000 and 920,000 ounces, from a prior top end of 970,000 ounces, citing delays in the Menankoto exploitation permit in Mali, though it expects the permit to be approved soon. B2Gold also repurchased $92 million in shares, completed final deliveries under its gold prepay contracts, and declared a quarterly dividend of $0.02 per share.
Zacks Adds Five Stocks to Strong Buy List on July 16
Zacks Investment Research added five stocks to its Zacks Rank Number 1 Strong Buy list on July 16. B2Gold Corp saw its current-year earnings consensus estimate rise 7.7 percent over the last 60 days. Apogee Enterprises and Azenta each recorded a 7.1 percent increase in their current-year earnings consensus estimates over the same period. Afya's current-year earnings consensus estimate climbed 6.5 percent, while Kinross Gold's rose 6.1 percent.
B2Gold shareholders re-elect board, approve auditor and equity plan
B2Gold Corp. announced voting results from its Annual General and Special Meeting of Shareholders held on June 4, 2026. A total of 842,480,659 common shares were voted, representing more than 63% of all outstanding common shares. All ten director nominees were elected to the board. Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor with 96.2% of votes cast, and the Restricted Share Unit Plan resolution passed with 95.71% support. The advisory vote on executive compensation received 70.46% approval, indicating some shareholder scrutiny on the matter.
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