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(Investorideas.com
Newswire) a trusted platform for investing ideas including mining
stocks issues commentary for gold stock B2Gold Corp. (TSX: BTO) (NYSE
AMERICAN: BTG) following first quarter news.
The stock makes the TSX top percentage gainers list as gold moves
today and investors absorb the company’s record results.
The stock makes the TSX top percentage gainers list, currently
trading at $7.10, up $1.02, gaining 16.75%.
B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) announced its
operational and financial results for the first quarter of 2026. All
dollar figures are in United States dollars unless otherwise
indicated.
2026 First Quarter Highlights
-
Gold production of 237,763 ounces: Total gold
production in the first quarter of 2026 was 237,763 ounces. All
operations exceeded expected production in the first quarter. -
Consolidated cash operating costs of $1,005 per gold ounce
produced:
Consolidated cash operating costs (see “Non-IFRS
Measures”) were $1,005 per gold ounce produced ($846 per
gold ounce sold) during the first quarter of 2026. Cash operating
costs per ounce produced for the first quarter of 2026 were better
than expected, mainly as a result of higher-than-expected gold
production. -
Consolidated all-in sustaining costs of $1,964 per gold ounce
sold:
Consolidated all-in sustaining costs (see “Non-IFRS
Measures”) were $1,964 per gold ounce sold during the first
quarter of 2026. Consolidated all-in sustaining costs for the
first quarter of 2026 were better than expected as a result of
lower-than-anticipated production costs, higher-than-planned gold
ounces sold, and lower-than-expected sustaining capital
expenditures. -
Attributable net income of $0.15 per share; adjusted
attributable net income of $0.19 per share:
Net income attributable to the shareholders of the company of $200
million, or $0.15 per share; adjusted net income (see
“Non-IFRS Measures”) attributable to the shareholders
of the company of $260 million, or $0.19 per share. -
Operating cash flow before working capital adjustments of $386
million and free cash flow of $362 million:
Cash flow provided by operating activities before working capital
adjustments of $386 million and free cash flow (see
“Non-IFRS Measures”) of $362 million in the first
quarter of 2026. -
Strong financial position and liquidity: At March
31, 2026, the Company had cash and cash equivalents of $479
million and working capital (defined as current assets less assets
classified as held for sale and current liabilities) of $171
million. During the first quarter of 2026, the Company repaid a
net $75 million on the Company’s $800 million revolving credit
facility (“RCF”). Subsequent to quarter end, on April
24, 2026, the company repaid the full outstanding $75 million
balance on the RCF, leaving the full $800 million available for
future drawdowns. -
Leadership transition: On February 23, 2026, the
company 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 effective June 4, 2026. The Board of
Directors named Mike Cinnamond, senior vice president, finance,
and chief financial officer of B2Gold, to succeed Mr. Johnson as
president and CEO and replace Mr. Johnson on the Board of
Directors. In recognition and appreciation of his unique and
important role as a founder and his invaluable contributions to
the company, Mr. Johnson will be named Chair Emeritus of
B2Gold. -
Repurchased $80 million of shares under the Company’s normal
course issuer bid (“NCIB”):
During the first quarter of 2026, the Company repurchased 16
million shares for $80 million under the prior NCIB. Subsequent to
quarter end, the company repurchased and cancelled an additional 4
million shares for $18 million. -
Renewed the company’s NCIB for 10% of the public float:
On April 1, 2026, the Toronto Stock Exchange accepted the notice
of B2Gold’s intention to renew its NCIB. The renewed NCIB
commenced on April 3, 2026, and will expire no later than April 2,
2027. The renewed TSX approval allows the company to purchase up
to 132,662,594 common shares of B2Gold, representing 10% of the
public float as of March 20, 2026. -
Sold 70% interest in Fingold Ventures Ltd.
(“Fingold”) to Agnico Eagle Mines Ltd.
(“Agnico Eagle”) for $325 million:
On April 23, 2026, B2Gold announced that it had closed the sale of
its 70% interest in Fingold to Agnico Eagle for cash consideration
of $325 million. -
Agreed to Nunavut collaboration agreement with Agnico
Eagle:
On April 20, 2026, the company announced that B2Gold and Agnico
Eagle agreed to enter into a collaboration agreement focused on
knowledge sharing and cooperation across their respective
operations in Nunavut, Canada (the “Nunavut Collaboration
Agreement”). The agreement is intended to leverage the
complementary experience, best practices, and expertise of both
companies operating in northern Arctic environments. The agreement
will not involve any transfer of ownership interests or
integration of activities and is non-exclusive in nature. -
Q2 2026 dividend of $0.02 per share declared: On
May 6, 2026, B2Gold’s Board of Directors declared a cash dividend
for the second quarter of 2026 of $0.02 per common share (or an
expected $0.08 per share on an annualized basis), payable on June
23, 2026, to shareholders of record as of June 10, 2026.
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