B2Gold Announces TSX Approval for Normal Course Issuer Bid

Core Viewpoint - B2Gold Corp. has received approval from the Toronto Stock Exchange to implement a normal course issuer bid (NCIB) to repurchase its shares, reflecting the company's belief that its shares may be undervalued in the market [1][2]. Summary by Sections Company Decision and Strategy - The decision to approve the NCIB aligns with B2Gold's amended shareholder return strategy and indicates the company's view that its shares may not adequately reflect the value of its business, assets, and prospects [2]. Share Repurchase Details - As of March 20, 2025, B2Gold had 1,319,616,807 shares outstanding and is authorized to repurchase up to 65,980,840 shares, which is 5% of the total shares, over a twelve-month period starting April 3, 2025, and ending no later than April 2, 2026 [3]. Purchase Mechanism - All share purchases will occur on the open market through the TSX, NYSE American, and other designated exchanges, at prevailing market prices or as permitted by applicable securities laws [4]. Discretion and Cancellation - The company retains discretion regarding the timing, amount, and price of share purchases under the NCIB, and any shares repurchased will be cancelled [5]. Daily Purchase Limitations - Daily purchases on the TSX are limited to a maximum of 846,788 shares, which is 25% of the average daily trading volume of 3,387,154 shares for the six months ending March 31, 2025 [6]. Company Overview - B2Gold is an international senior gold producer based in Vancouver, Canada, with operating mines in Mali, Namibia, and the Philippines, and various development and exploration projects in multiple countries [7].