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A gold mining company that digs and processes gold at open-pit mines in Mali, Namibia, the Philippines, and Colombia, selling the metal to refiners and jewelers worldwide. It was founded in 2007 by a team led by Clive Johnson, who had earlier built the gold miner Bema Gold; the "B2" in the name marks it as their second venture. Its flagship Fekola mine in Mali is one of the largest gold operations in West Africa.
B2Gold Q2 2026: production 203,648 oz, net income $0.31/share, AISC $2,356/oz
Q2 2026 gold production was 203,648 ounces, in line with expectations, with higher output at Fekola, Masbate, and Otjikoto offset by lower output at Goose due to an April 2026 fire in the crushing circuit.
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Consolidated cash operating costs were $1,201 per ounce produced and all-in sustaining costs were $2,356 per ounce sold, both lower than anticipated.
Attributable net income was $417 million ($0.31 per share); adjusted net income was $41 million ($0.03 per share), excluding a $292 million gain on sale of mining interests and $135 million unrealized derivative gains.
The company completed the sale of its 70% interest in Fingold to Agnico Eagle for $325 million and repurchased 19 million shares for $92 million under its NCIB.
2026 consolidated gold production guidance was narrowed to 820,000–920,000 ounces, and the Q3 2026 dividend was declared at $0.02 per share, payable September 23, 2026.
The Menankoto Exploitation Permit in Mali is awaiting approval by the Council of Ministers, expected in the near term.
B2Gold granted Menankoto exploitation permit by Mali for Fekola Regional
The permit was issued under the 2023 Mining Code, while the Fekola Mine remains under the 2012 Mining Code, per the September 2024 agreement.
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The State of Mali granted B2Gold's Malian subsidiary the Menankoto exploitation permit on August 7, 2026, covering part of the Fekola Regional project.
Fekola Regional will be owned 65% by B2Gold and 35% by the State of Mali, while the Fekola Mine remains 80% B2Gold and 20% Mali.
Fekola Regional is expected to ramp up through end of 2027 and produce over 150,000 ounces per year from 2028 through the mid-2030s.
B2Gold's total investment in Mali since 2014 exceeds $2.0 billion, with over 3,300 workers, approximately 98% Malian nationals.
B2Gold publishes 10th Responsible Mining Report and 5th Climate Strategy Report for 2025
B2Gold reported 2025 gold production of 979,604 ounces, revenue of $3 billion, and $1 billion paid to governments in taxes and royalties.
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The company maintained a zero-fatality workplace for the tenth consecutive year, with a Lost Time Injury Frequency Rate of 0.09 in 2025.
B2Gold employed 6,327 people at end of 2025; 97% of workforce and 58% of senior management were national employees, and 40% of directors identify as female.
Consolidated Scope 1 and 2 GHG emissions rose to 757 thousand tonnes CO2e in 2025 from 699 thousand in 2024, due to the addition of the Back River Gold District.
The company targets a 30% reduction in Scope 1 and 2 emissions by 2030 against a 2021 baseline for its Fekola, Masbate, and Otjikoto operations.
B2Gold commissioned an 8.2 MW solar plant at Masbate and expanded Fekola's solar facility to 52 MW, supplying about 23% of site electricity in 2025.