B2Gold Corp. reported second-quarter 2026 gold production of 203,648 ounces, driven by stronger-than-expected performance at its Fekola, Masbate, and Otjikoto mines, which helped deliver lower-than-expected all-in sustaining costs of $2,356 per ounce sold. The company narrowed its full-year consolidated production guidance to between 820,000 and 920,000 ounces, down from the previous upper end of 970,000 ounces, primarily due to delays in the Menankoto exploitation permit in Mali, though it now expects the permit to be approved by Mali's Council of Ministers in the near term. 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 Mines for $325 million, while adjusted net income was $41 million, or $0.03 per share. The company repurchased $92 million of shares under its normal course issuer bid, completed final deliveries into its gold prepay contracts, and declared a third-quarter dividend of $0.02 per share. B2Gold ended the quarter with $287 million in cash and full availability on its $800 million revolving credit facility, positioning it to generate significant free cash flow in the second half of 2026.
B2Gold CorpStrong Q2 output, narrowed guidance, and $292M gain from Fingold sale boost financials.
Agnico Eagle Mines LimitedAcquires 70% of Fingold Ventures from B2Gold for $325M, expanding its portfolio.
