B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.
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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.