NBSX: B2G - Q3 2026 Results - Lowers Annual All-In Sustaining Cost Guidance and Remains On -Track to Achieve Production Guidance
===================== Q3 2026 Results - Lowers Annual All-In Sustaining Cost Guidance and Remains On -Track to Achieve Production Guidance
B2Gold Corporation (“B2Gold”) Registration No. BC0776025 Registered as an external company in Namibia ISIN Code: CA11777Q2099 NSX Share Code: B2G
Q3 2026 RESULTS - LOWERS ANNUAL ALL-IN SUSTAINING COST GUIDANCE AND REMAINS ON-TRACK TO ACHIEVE PRODUCTION GUIDANCE
Vancouver, BC, November 4, 2026 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce its operational and financial results for the third quarter of 2026. All dollar figures are in United States dollars unless otherwise indicated. The consolidated financial statements and Management Discussion and Analysis ("MD&A") relating to these results are available at www.b2gold.com.
Third Quarter 2026 Highlights • Revenue of $836 million on 195,018 gold ounces sold at an average realized
price of $4,289 per ounce. Production of 193,321 ounces of gold, on track to
deliver full-year production guidance at all operations.
• Cash flow provided by operating activities of $239 million, cash flow from
operating activities before changes in working capital1 of $387 million, and free
cash flow2 of $48 million, reflecting the first quarter post completion of the prepaid
gold sales contracts in June 2026.
• Consolidated all-in sustaining costs3 ("AISC") of $2,602 per ounce sold.
Reduced AISC guidance range to between $2,230 and $2,410 per ounce sold
for 2026 (previously between $2,370 and $2,550 per ounce sold) to reflect strong
year-to-date operating performance and expected results for the fourth quarter.
• Earnings per share ("EPS") of $0.31 and adjusted EPS4 of $0.14. Included in
EPS was an impairment reversal of $253 million for Fekola.
• Returned $59 million to shareholders in the quarter, consisting of $26 million in
dividends paid and $33 million of share buy backs under the Company's normal
course issuer bid ("NCIB").
• Strong financial position, including cash and cash equivalents of $294
million, working capital (defined as current assets less assets classified as held
for sale and current liabilities) of $497 million, and an undrawn balance of $705
million on the Company's revolving credit facility.
• Phase 1 upgrades to the Goose fixed crushing circuit completed, with the
circuit now operating at 3,200 tpd following commissioning in mid-October 2026.
• Menankoto exploitation permit granted on August 7, 2026, by the State of Mali.
The Company commenced mining pre-stripping activities on the Menankoto permit
area in October 2026.
• Fourth quarter of 2026 dividend of $0.02 per share declared on November 4,
2026, payable on December 15, 2026, to shareholders of record as of December
2, 2026.
Mike Cinnamond, President and CEO of B2Gold, said “B2Gold delivered a strong third
quarter, highlighted by continued outperformance from Masbate and Otjikoto and
significant progress across several key strategic initiatives. During the quarter, we
received the Menankoto exploitation permit, and waste stripping activities commenced in
October. These are important milestones which support the continued growth and long-
term value of the Fekola Complex. At Goose, our team continued to execute on plans to
improve crushing capacity at site, with the addition of a new mobile crusher in the third
quarter, and completion of Phase 1 upgrades to the fixed crusher in October, delivering
3,200 tonnes per day of crushed ore to the mill, in-line with the plan. The reduction in our
full-year AISC guidance reflects the leverage in our business, where strong production
performance and consistent execution translate into lower costs on a per-ounce basis. As
we enter the final months of the year, our teams remain focused on safe and disciplined
execution, and we remain well positioned to achieve consolidated annual production
guidance for 2026 and create long-term value for shareholders.”
This announcement can be viewed at the following link: https://www.b2gold.com/news-media/news-releases/news-details/2026/B2Gold-Reports-Q3-2026- Results---Lowers-Annual-All-In-Sustaining-Cost-Guidance-and-Remains-On-Track-to-Achieve- Production-Guidance/default.aspx
On Behalf of B2GOLD CORP. Clive T. Johnson President & Chief Executive Officer
5 November 2026
Registered Office
20 Nachtigal Street
Ausspannplatz
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th floor 1@Steps,c/o Grove and Chasie Street
Kleine Kuppe, Windhoek
P O Box 186, Windhoek, Namibia
Registration No. 95/505 Date: 05/11/2026 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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