B2GOLD CORP (BTG) Form 6-K — Nov 4, 2026
B2Gold reported Q3 2026 net income of $414 million ($0.31 basic EPS) versus $23 million a year earlier, on gold revenue of $836 million from 195,018 ounces sold at a record $4,289 per ounce average realized price. The headline results were flattered by a $253 million non-cash Fekola impairment reversal and, in the nine-month figures, a $292 million gain on the sale of its Finland properties to Agnico Eagle. Adjusted EPS was $0.14, flat with a year ago, while consolidated production fell 24% YoY and AISC jumped 76% to $2,602 per ounce on Fekola pit sequencing, the Goose crusher fire, and the end of open-pit mining at Otjikoto.
Key figures
- Eps
- 0.31
- Revenue
- 836466000
- Guidance
- 2026 production guidance unchanged at all operations; consolidated AISC guidance lowered to $2,230-$2,410/oz (from $2,370-$2,550/oz); Fekola AISC lowered to $2,350-$2,500/oz; Masbate and Otjikoto AISC also lowered
- Net Income
- 413571000
- Total Debt
- 546203000
- Revenue Yoy
- +7% (Q3) / +39% (9M: $2.78B vs $2.01B)
- Total Assets
- 6220004000
- Cash Position
- 293589000
- Q3 aisc
- $2,602/oz sold
- Q4 dividend
- $0.02/share, payable Dec 15, 2026
- Rcf undrawn
- $705 million available
- Ncib buys 9m
- $205 million cash (41 million shares)
- Adjusted eps q3
- $0.14
- Q3 gold sold oz
- 195018
- Working capital
- $497 million
- Q3 free cash flow
- $48 million
- Q3 gold production oz
- 193321
- Q3 operating cash flow
- $239 million
- Avg realized gold price q3
- $4,289/oz
- Impairment reversal fekola
- 253488000
- Gain on sale finland properties
- $292 million ($325M cash proceeds)
AI analysis
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