Q1 2026 B2Gold Corp Earnings Call Transcript

May 7, 2026 / 12:00 PM GMT

Release Date Price: C$6.76 (+11.00%)

Transcript

Key Points

Positve

B2Gold Corp (BTG) reported a strong financial performance in Q1 2026, with GAAP earnings of $0.15 per share and adjusted earnings of $0.19 per share.
The company generated nearly $1.2 billion in revenue and $539 million in operating cash flows, highlighting its strong cash generation capabilities.
B2Gold Corp (BTG) maintains a robust financial position with cash and cash equivalents of $479 million and has paid off its $75 million revolving credit facility balance.
The company successfully completed the sale of its 70% stake in FinGold Ventures for $325 million, enhancing its financial flexibility.
B2Gold Corp (BTG) continues to focus on disciplined capital allocation, including share repurchases and maintaining a strong dividend policy.

Negative

Operations in Mali are being closely monitored due to regional conflicts, although no immediate impact on business activities has been reported.
A fire at the Goose Mine's crushing circuit has led to temporary operational adjustments and an estimated repair cost of $7 million.
The Goose Mine's production guidance for Q2 2026 has been revised downwards due to the fire, with expected production of 18,000 to 20,000 ounces.
The company faces potential cost pressures from diesel price increases, particularly affecting the Mesbade operation.
B2Gold Corp (BTG) is experiencing delays in obtaining the exploitation permit for the Fekola Regional project, which could impact future production timelines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BTO.TO - B2Gold Corp
Q1 2026 B2Gold Corp Earnings Call
May 07, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. This is the conference operator. Welcome to B2Gold Corporation's First Quarter 2026 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 hear a tone acknowledging your request.

Should you need assistance during the conference call, you may reach an operator by pressing star and zero.

I would now like to turn the conference over to Clive Johnson, President and CEO of B2 Gold. Please go ahead.

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