Key Takeaways BTG's Q4 adjusted EPS of 11 cents missed estimates despite rising from 1 cent a year ago.B2Gold's revenues surged 110.9% to $1.54B in 2025 on higher gold prices and 62.9% production growth.BTG guides 2026 output of 820-970K oz, down from the 2025 actual due to lower Otjikoto and Fekola production.B2Gold Corp. (BTG) reported adjusted earnings per share (EPS) of 11 cents for fourth-quarter 2025, missing the Zacks Consensus Estimate of 20 cents. The bottom line marked a significant improvement fr ...

Stock of B2Gold Corp. (BTG) is rising about 6 percent during Monday morning trading following the CEO Clive Johnson's retirement announcement as part of the company's leadership succession planning.The company's shares are currently trading at $5.76 on the New York Stock Exchange, up 6.86 percent. The stock opened at $5.41 and has climbed as high as $5.80 so far in today's session. Over the past year, it has traded in a range of $2.53 to $5.94.The Board of Directors has named Mike Cinnamond, Senior Vice Pr ...

VANCOUVER, British Columbia, Feb. 23, 2026 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) today announced that as part of the Company’s leadership succession planning, Mr. Clive Johnson has decided to retire from his role as President, Chief Executive Officer (“CEO”) and Director of the Company at the Annual General Meeting of the Company scheduled to be held on June 4, 2026. The Board of Directors has named Mike Cinnamond, Senior Vice President, Financ ...

Core Viewpoint - B2Gold Corp. has shown significant improvement in profitability, driven by production expansion and favorable gold prices, leading to a notable increase in stock performance [1][7]. Financial Performance - B2Gold swung to a net income of $401.9 million from a net loss of $629.89 million in 2024, with gold revenues increasing by 61% to $3.06 billion from $1.9 billion year-on-year, based on gold sales of 927,797 ounces at an average price of $3,299 per ounce [2]. - In Q4, the attributable net profit was $170.58 million, reversing an $11.88 million loss from the same quarter the previous year, with gold revenues more than doubling to $1.05 billion from $499.8 million year-on-year [3]. Production Outlook - For the current year, B2Gold expects gold production to be between 820,000 and 970,000 ounces, reflecting a decline from 2025 due to reduced output at the Otjikoto Mine and lower production at the Fekola Complex [4]. Dividend Announcement - B2Gold announced a cash dividend of $0.02 per share to common shareholders, payable on March 19, 2026, to those on record as of March 6, 2026 [4].

Ten stocks capped off Friday’s trading with strong gains, as investors digested a flurry of earnings reports, while repositioning portfolios ahead of dividend payments.Meanwhile, Wall Street’s three major indices finished in the green, with the Nasdaq leading gains by 0.90 percent, followed by the S&P 500 with a 0.69 percent jump, and the Dow Jones, up 0.47 percent.Indices aside, we spotlight the 10 top-performing stocks on Friday and break down the reasons behind their gains.To come up with the list, we fo ...

Financial Data and Key Metrics Changes - B2Gold achieved record revenue of $3 billion for the year 2025, with Q4 revenues recorded at $1.05 billion [2][4] - GAAP earnings were reported at $0.13 per share, with adjusted earnings at $0.11 per share, impacted by the timing of shipments at Fekola [4] - Operating cash flows for 2025 totaled $896 million, including $286 million in Q4, highlighting strong cash generation potential [5] - Cash and cash equivalents stood at $380 million at the end of 2025, with a drawn amount of $150 million on the revolver [5] Business Line Data and Key Metrics Changes - The company produced approximately 980,000 ounces of gold in 2025, near the midpoint of guidance, with expectations for 2026 production between 820,000 and 970,000 ounces [9][10] - Fekola produced over 20,000 ounces from underground operations in 2025, with expectations for consistent production throughout 2026 [2][11] - Masbate operations achieved a record for the second consecutive year, maintaining a world-class safety track record [13] - Otjikoto had strong production in 2025 but is expected to see lower production in 2026 due to the transition to underground mining [15] Market Data and Key Metrics Changes - The company is positioned to take advantage of a strong gold price environment, with growth capital spending at Goose now complete [3] - Fekola Regional is expected to contribute between 60,000 and 80,000 ounces in 2026, with production ramping up in the second half of the year [11] Company Strategy and Development Direction - B2Gold is focused on extending mine lives and returning capital to shareholders, with share repurchases initiated under the NCIB [6] - The company announced an approved construction decision on the Antelope underground deposit, which could increase Otjikoto gold production into the 2030s [3] - The company is studying improvements to the crushing circuit at Goose to increase capacity and operational efficiency [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in receiving the Fekola Regional exploitation permit in Q1 2026, citing ongoing dialogue with the government [20] - The company anticipates strong cash flow years ahead, with expectations of significant shareholder value addition [6][7] - Management noted that all operations have performed above expectations so far in 2026, despite some operational challenges [10] Other Important Information - The company repurchased 2 million shares for about $10 million in 2025 and an additional 5 million shares for approximately $24 million post-year-end [6] - Initial modifications to improve the crushing circuit at Goose are scheduled for implementation in the second half of 2026 [12] Q&A Session Summary Question: Update on Fekola Regional permit status - Management expressed confidence in receiving the permit soon, citing endorsements from key government officials and ongoing dialogue [19][20] Question: Details on the permanent crusher solution at Goose - The study by FLSmidth has been completed and is under review, with final answers expected by April [21] Question: Clarification on throughput and production capacity - Management explained that while the system can run at 4,000 tons per day, maintaining that level consistently is challenging due to design factors [26][27] Question: Production expectations for Otjikoto and Antelope - Management confirmed that 2027 and 2028 will be build-up years, with production ramping up in 2029 [29] Question: AISC guidance at Goose - Management indicated that AISC is expected to step down significantly once the new crushing circuit is operational [39]

Financial Data and Key Metrics Changes - B2Gold achieved record revenue of $3 billion for 2025, with Q4 revenues recorded at $1.05 billion [2][4] - GAAP earnings were $0.13 per share, with adjusted earnings at $0.11 per share, impacted by the timing of shipments at Fekola [4][5] - Operating cash flows for 2025 totaled $896 million, including $286 million in Q4, highlighting strong cash generation potential [5][6] - Cash and cash equivalents stood at $380 million at the end of 2025, with $150 million drawn on the revolver [5][6] Business Line Data and Key Metrics Changes - The company produced approximately 980,000 ounces of gold in 2025, near the midpoint of guidance [9] - Production from Fekola Underground contributed over 20,000 ounces in 2025, with expectations for continued ramp-up [2][3] - At Otjikoto, production was strong in 2025, but is expected to decrease in 2026 due to the transition to underground mining [10][15] Market Data and Key Metrics Changes - The strong gold price environment is expected to benefit B2Gold, allowing the company to leverage its asset portfolio [3] - The company anticipates production from Fekola Regional to ramp up in the second half of 2026, contributing between 60,000 and 80,000 ounces [11] Company Strategy and Development Direction - B2Gold is focused on extending mine lives and increasing production through the development of the Antelope underground deposit [3][15] - The company plans to continue repurchasing shares, having bought back 2 million shares for about $10 million in 2025, with an additional 5 million shares purchased post-year-end [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in receiving the Fekola Regional exploitation permit in Q1 2026, citing regular dialogue with the government [20] - The company is optimistic about future cash flows, with an expected increase of approximately $110 million per month post-June 2026 as prepays roll off [7][8] Other Important Information - The Goose Mine celebrated its first gold pour and commercial production, marking a significant milestone for the company [2][3] - The company is studying improvements to the crushing circuit at Goose to increase capacity, with initial modifications scheduled for implementation in 2026 [12][13] Q&A Session Summary Question: Update on Fekola Regional permit status - Management indicated confidence in receiving the permit due to ongoing dialogue with the government and endorsements from key ministers [19][20] Question: Internal study on Goose's permanent crusher solution - The study has been completed and is under review, with final design and cost bids expected by April [21][22] Question: Clarification on Otjikoto's Antelope deposit timeline - Production from Antelope is expected to ramp up in 2029, with 2027 and 2028 being build-up years [29] Question: AISC at Goose once at 3,200 tons per day - AISC is expected to step down significantly as production stabilizes at higher levels [39] Question: Sensitivity of cash tax guidance at different gold prices - Management provided a method to estimate cash taxes based on production ounces and gold price fluctuations [42][43]

B2Gold (NYSEAM:BTG) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Speaker5Thank you for standing by. This is the conference operator. Welcome to B2Gold Corporation's fourth quarter and 2025 year-end financial results conference call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity for analysts to ask questions. To join the question queue, you may press Star, then one on your telephone keypad. You will h ...

B2Gold Corp. (NYSE:BTG) shares are trending on Wednesday night.Shares of the Canada-based company fell 8.92% to $4.90 in after-hours trading Wednesday after it released its fourth-quarter and full-year 2025 results.Q4 2025 ResultsFor the quarter ended Dec. 31, 2025, B2Gold reported that gold revenue totaled $1.05 billion, based on sales of 283,490 ounces at an average realized price of $3,718 per ounce.Fourth-quarter net income attributable to shareholders totaled $171 million, or $0.13 per share.The gold p ...

B2GOLD CORP. Consolidated Financial Statements December 31, 2025 and 2024 Report of Independent Registered Public Accounting Firm To the Board of Directors and Shareholders of B2Gold Corp. Opinions on the Financial Statements and Internal Control over Financial Reporting We have audited the accompanying consolidated balance sheets of B2Gold Corp. and its subsidiaries (the Company) as of December 31, 2025 and 2024, and the related consolidated statements of operations, of comprehensive income (loss), of chan ...