B2Gold Reports Q1 2026 Results

6 May 2026

trong operating performance across all operations led to higher than expected gold production, lower than expected costs, and robust free cash flow in the first quarter of 2026

VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce its operational and financial results for the first quarter of 2026. All dollar figures are in United States dollars unless otherwise indicated.

2026 First Quarter Highlights

  • Gold production of 237,763 ounces: Total gold production in the first quarter of 2026 was 237,763 ounces. All operations exceeded expected production in the first quarter.
     
  • Consolidated cash operating costs of $1,005 per gold ounce produced: Consolidated cash operating costs (see “Non-IFRS Measures”) were $1,005 per gold ounce produced ($846 per gold ounce sold) during the first quarter of 2026. Cash operating costs per ounce produced for the first quarter of 2026 were better than expected mainly as a result of higher than expected gold production.
     
  • Consolidated all-in sustaining costs of $1,964 per gold ounce sold: Consolidated all-in sustaining costs (see “Non-IFRS Measures”) were $1,964 per gold ounce sold during the first quarter of 2026. Consolidated all-in sustaining costs for the first quarter of 2026 were better than expected as a result of lower than anticipated production costs, higher than planned gold ounces sold, and lower than expected sustaining capital expenditures.
     
  • Attributable net income of $0.15 per share; adjusted attributable net income of $0.19 per share: Net income attributable to the shareholders of the Company of $200 million, or $0.15 per share; adjusted net income (see “Non-IFRS Measures”) attributable to the shareholders of the Company of $260 million, or $0.19 per share.
     
  • Operating cash flow before working capital adjustments of $386 million and free cash flow of $362 million: Cash flow provided by operating activities before working capital adjustments of $386 million, and free cash flow (see “Non-IFRS Measures”) of $362 million in the first quarter of 2026.
     
  • Strong financial position and liquidity: At March 31, 2026, the Company had cash and cash equivalents of $479 million and working capital (defined as current assets less assets classified as held for sale and current liabilities) of $171 million. During the first quarter of 2026, the Company repaid a net $75 million on the Company's $800 million revolving credit facility (“RCF”). Subsequent to quarter end, on April 24, 2026, the Company repaid the full outstanding $75 million balance on the RCF, leaving the full $800 million available for future draw downs.

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