B2Gold reported Q4 2025 gold revenue of $1.05 billion from 283,490 ounces at an average realized price of $3,718 per ounce, delivering net income of $171 million and all-in sustaining costs of $1,754 per ounce. For full-year 2025, the company sold 927,797 ounces at $3,299 per ounce, generating record revenue of $3.06 billion, adjusted EPS of $0.46, operating cash flow of $940 million, and ending cash and equivalents of $380 million with $650 million available on its credit facility.

The company guided 2026 consolidated gold production to 820,000–970,000 ounces, forecasting all-in sustaining costs of $2,400–$2,580 per ounce and cash operating costs of $1,155–$1,280 per ounce based on a $5,000 gold price. The board declared a $0.02 per share dividend for Q1 2026, payable on March 19.

B2Gold’s stock fell 8.92% to $4.90 in after-hours trading following the guidance release. The company has a market capitalization of $7.18 billion, a 52-week trading range between $2.53 and $5.94, and a 12-month return of 104.56%, with technical indicators showing an RSI of 55.04.