B2Gold Posts $401.9M Profit, Gold Revenues Jump 61% to $3.06B
B2Gold posted a $401.9 million net profit in 2025 versus a $629.9 million loss, as gold revenues rose 61% to $3.06 billion on sales of 927,797 ounces at $3,299 per ounce. Q4 net income reached $170.6 million—flipping from an $11.9 million loss—while revenues more than doubled to $1.05 billion.
1. Annual Profit Reversal
B2Gold swung to a net income attributable to shareholders of $401.9 million in 2025, reversing a $629.9 million loss in 2024. Annual gold revenues rose 61% to $3.06 billion on shipments of 927,797 ounces at an average realized price of $3,299 per ounce.
2. Fourth Quarter Performance
In the fourth quarter, attributable net profit reached $170.58 million, turning around from an $11.88 million loss in Q4 2024. Gold revenues more than doubled to $1.05 billion as consolidated production of 979,604 ounces stayed within guidance.
3. 2026 Production Guidance
For 2026, B2Gold projects gold output between 820,000 and 970,000 ounces, down from full-year 2025 levels due to a planned step back at the Otjikoto Mine and reduced output at the Fekola Complex. This guidance reflects anticipated operational adjustments and ore grade variations.
4. Dividend Declaration
The company declared a quarterly cash dividend of $0.02 per share to shareholders of record on March 6, payable March 19, marking its continued commitment to shareholder returns.