WS Investor
19 Feb 2026, 21:18
B2Gold (TSX: BTO; NYSE American: BTG) reported strong Q4 and full-year 2025 results, meeting production and cost guidance and generating record annual revenue of $3.06 billion.
In Q4, gold production totaled 303,029 ounces, with consolidated cash operating costs of $736 per ounce and AISC of $1,754 per ounce sold. Net income attributable to shareholders was $171 million ($0.13 per share).
For full-year 2025, gold production reached 979,604 ounces, near the midpoint of guidance. Cash operating costs were $769 per ounce, below guidance, and AISC was $1,584 per ounce sold, at the low end of guidance. Net income attributable to shareholders was $402 million ($0.30 per share), while operating cash flow before working capital adjustments totaled $940 million.
At year-end, the company held $380 million in cash and had $750 million available under its revolving credit facility after a $100 million repayment.
For 2026, B2Gold expects gold production between 820,000 and 970,000 ounces. The company declared a Q1 2026 dividend of $0.02 per share, payable March 19, 2026.
Source: Globe Newswire
In Q4, gold production totaled 303,029 ounces, with consolidated cash operating costs of $736 per ounce and AISC of $1,754 per ounce sold. Net income attributable to shareholders was $171 million ($0.13 per share).
For full-year 2025, gold production reached 979,604 ounces, near the midpoint of guidance. Cash operating costs were $769 per ounce, below guidance, and AISC was $1,584 per ounce sold, at the low end of guidance. Net income attributable to shareholders was $402 million ($0.30 per share), while operating cash flow before working capital adjustments totaled $940 million.
At year-end, the company held $380 million in cash and had $750 million available under its revolving credit facility after a $100 million repayment.
For 2026, B2Gold expects gold production between 820,000 and 970,000 ounces. The company declared a Q1 2026 dividend of $0.02 per share, payable March 19, 2026.
Source: Globe Newswire