B2Gold Corp (BTG)
B2Gold Strengthens Goose Mine Operations With Crushing Upgrades
BTG advances Goose mine crushing upgrades, targeting higher throughput while retaining its 2026 production guidance.
B2Gold Targets Goose Ramp-Up, Fekola Growth and Higher Shareholder Returns
B2Gold NYSEAMERICAN: BTG President and CEO Mike Cinnamond outlined the gold miner's operating priorities, project updates and capital-allocation plans during a conference discussion, emphasizing execution at the Goose project, progress at the Fekola complex and potential growth from existing assets.
B2Gold: Mali Said Yes, And The Buybacks Can Now Do The Heavy Lifting
B2Gold is rated Buy, with a projected 20% annual return by 2030, driven by operational improvements and margin expansion. Key catalysts are Fekola Regional's permit, Goose ramping up to 4,000 tpd by H2 2027, and full resolution of prepay and hedge drag by 2027. Production is forecast to rise from 870 koz in 2024 to ~1,040 koz by 2028, with operating cash flow margin expanding from 19% to 41%.
B2Gold: Not The July Bargain, Still A Buy On Leftover Cash-Flow Drivers
B2Gold is rated a cautious Buy after a ~50% rally, with Mali expansion approval and hedges rolling off as key catalysts. Forward drivers include a cash flow inflection expected in H2 2027, robust shareholder returns (~7% floor), and improving AISC as new projects ramp. Valuation now sits near historical averages (~3.3x forward EBITDA), with sector discounts justified by West Africa exposure and production concentration.
BTG's All-in Sustaining Costs Rise Sharply in Q2: What Lies Ahead?
B2Gold's costs surged in the first half of 2026, but stronger production and lower cost guidance offer a brighter outlook for the miner.
BTG Goose Mine's Q2 Output Hit by Fire: Are 2026 Targets on Track?
B2Gold's Goose Mine ramp-up was disrupted by a Q2 crushing-circuit fire, but repairs and upgrades aim to support growth.
Can Menankoto Permit Accelerate B2Gold's Fekola Regional Growth?
BTG's Menankoto permit clears the way for Fekola Regional to ramp up, targeting more than 150,000 ounces annually from 2028.
B2Gold: Fekola Regional Permitted, Prepay Ended - Cash Flow Set To Surge
B2Gold is at a pivotal inflection, with the Goose Mine ramping up, the Fekola Regional permit secured, and the gold prepay agreement completed. Q2 2026 results highlighted underlying operational strength, with production and AISC outperforming expectations despite headline EPS misses and Goose Mine disruptions. Fekola Regional's permit unlocks high-margin growth, while the asset sale to Agnico Eagle and prepay completion strengthen BTG's balance sheet and cash flow outlook.
B2Gold Q2 Earnings Call Highlights
B2Gold NYSEAMERICAN: BTG said the Government of Mali granted the Menankoto Exploitation Permit, clearing the company to begin mining-related activities within the permit area and advance the Fekola Regional deposit. The company requested a temporary trading halt before its second-quarter conference call to disseminate the material news.
B2Gold: Goose Setbacks Don't Change The Re-Rating Story
B2Gold Corp. remains a Strong Buy, supported by robust operations, attractive valuation, and potential re-rating catalysts despite operational setbacks at Goose. BTG's gold prepay agreement has ended, freeing future cash flow while enabling full exposure to spot gold prices, while buybacks and dividends yield a combined 8.2%. Guidance was modestly reduced to 820,000–920,000 ounces in 2026, but AISC guidance improved, and the Menankoto permit is expected soon, unlocking further production.
B2Gold: Mali Delivers, And So Does The Quarter
B2Gold secured the critical Fekola Regional permit in Mali, unlocking a clear pathway to 150,000 ounces of annual gold production from 2028. Q2 results exceeded expectations with strong production, lower costs, and improved guidance; the gold prepay overhang is now removed, setting up a cash flow surge in H2 2026. B2Gold remains deeply undervalued, trading at a significant discount to sector multiples even after a 20% share price jump.
BTG Q2 Earnings Miss Estimates, Revenues Rise Y/Y on Metal Prices
B2Gold misses Q2 earnings estimates as revenues climb on higher gold prices, while production declines and the company narrows its 2026 output guidance.
