Quarterly ResultAug 7, 2026, 06:04 AM
B2Gold Q2 Net Income $419.6M, EPS $0.31; Sells Finland Properties for $325M
AI Summary
B2Gold Corp. reported a significant increase in net income and EPS for Q2 2026, largely driven by the sale of its Finland Properties for $325 million, which generated a $292.4 million gain. Gold revenue also saw a 14% increase year-over-year. However, consolidated gold production declined by 11%, and cash operating costs and all-in sustaining costs rose substantially. The company also recorded a $50 million write-off due to a fire at its Goose Mine, and cash flow from operating activities turned negative for the quarter.
Key Highlights
- Net income attributable to shareholders increased 170% to $417.3 million in Q2 2026 from $154.4 million in Q2 2025.
- Basic earnings per share rose to $0.31 in Q2 2026 from $0.12 in Q2 2025.
- Gold revenue increased 14% to $789.4 million in Q2 2026 from $692.2 million in Q2 2025.
- Completed the sale of Finland Properties for $325 million, recognizing a $292.4 million gain.
- A fire at the Goose Mine resulted in a $50 million write-off of plant and equipment.
- Consolidated gold production decreased 11% to 203,648 ounces in Q2 2026.
- Cash operating costs per gold ounce produced increased 61% to $1,201 in Q2 2026.
- Cash used by operating activities was $78.8 million in Q2 2026, compared to $255.1 million provided in Q2 2025.
Price Impact
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