Quarterly ResultMay 7, 2026, 06:07 AM
B2Gold Q1 Gold Revenue $1.16B, Net Income $206M, EPS $0.15
AI Summary
B2Gold Corp. reported strong first-quarter 2026 financial results, with gold revenue more than doubling to $1.16 billion and net income tripling to $205.55 million, driven by higher gold prices and increased production. Consolidated gold production exceeded budget by 7%, reaching 237,763 ounces. The company also announced the post-quarter sale of its Finland Properties for $325 million and recognized a $24 million gain from the dilution of its interest in Versamet Royalties Corporation.
Key Highlights
- Gold revenue increased 118% to $1.16 billion in Q1 2026 from $0.53 billion in Q1 2025.
- Net income for the period rose to $205.55 million in Q1 2026 from $62.56 million in Q1 2025.
- Basic earnings per share increased to $0.15 in Q1 2026 from $0.04 in Q1 2025.
- Consolidated gold production was 237,763 ounces, 23% higher than Q1 2025 and 7% above budget.
- Cash provided by operating activities surged to $539.48 million in Q1 2026 from $178.79 million in Q1 2025.
- Consolidated cash operating costs were $1,005 per gold ounce produced, 17% below budget.
- The company closed the sale of its Finland Properties for $325 million subsequent to quarter-end.
- A $24 million gain on dilution was recorded due to a reduction in interest in Versamet from 33% to 29%.