B2Gold Q1 Gold Production 237,763 oz; Adj EPS $0.19; CEO Transition
B2Gold Corp. reported strong Q1 2026 operational and financial results, with gold production of 237,763 ounces, exceeding expectations across all operations. Adjusted attributable net income reached $0.19 per share, and free cash flow was $362 million. The company maintained a strong financial position, repaying its $75 million revolving credit facility. Key corporate actions included the retirement of President and CEO Clive Johnson, with Mike Cinnamond named as his successor, and the sale of its 70% interest in Fingold Ventures for $325 million. B2Gold also repurchased $80 million in shares under its NCIB and declared a Q2 2026 dividend of $0.02 per share. The Goose Mine experienced a fire in its crushing circuit, leading to a revised Q2 production forecast, but repairs are expected by Q3 2026.
Key Highlights
- Q1 2026 gold production: 237,763 ounces, exceeding expectations.
- Adjusted attributable net income: $0.19 per share ($260 million).
- Free cash flow: $362 million in Q1 2026.
- Clive Johnson to retire as CEO on June 4, 2026; Mike Cinnamond named successor.
- Sold 70% interest in Fingold Ventures for $325 million cash.
- Repurchased $80 million (16 million shares) under NCIB.
- Declared Q2 2026 dividend of $0.02 per common share.
- Goose Mine fire reduces Q2 production forecast to 18,000-20,000 oz.