B2Gold Hits Record $3.06B 2025 Revenue and $612M Net Income
B2Gold reported record 2025 revenue of $3.06 billion on consolidated output of 979,604 ounces, achieving guidance led by Fekola, Masbate, Otjikoto and first‐year production at Goose Mine. The miner posted adjusted net income of $612 million ($0.46/share) with cash operating costs of $769/oz and forecasts 2026 output of 820,000–970,000 ounces.
1. Record 2025 Revenue and Production
B2Gold achieved record annual revenue of $3.06 billion in 2025 on consolidated gold output of 979,604 ounces, driven by strong performance at Fekola, Masbate and Otjikoto mines alongside first commercial production at Goose Mine in October.
2. Profitability and Cost Structure
The company realized an average gold price of $3,299 per ounce, delivering adjusted net income of $612 million ($0.46 per share) and maintained disciplined operations with consolidated cash operating costs of $769 per ounce, below guided range due to higher volumes and reduced fuel expenses.
3. 2026 Production Outlook
For 2026 B2Gold forecasts gold output between 820,000 and 970,000 ounces, reflecting planned stripping activities at the Fekola pit and reduced open-pit mining at Otjikoto that will temper near-term production volumes.