B2Gold management commentary cites Fekola impairment reversal as driver of Q3 2026 net income growth
Bitget2026/11/04 23:16- B2Gold management commentary reported third-quarter 2026 net income of USD 414 million, compared with USD 23 million a year earlier.
- Earnings included a USD 253 million Fekola impairment reversal; adjusted net income attributable to shareholders was nearly unchanged at USD 183 million.
- Revenue rose 7% to USD 836 million as higher realized gold prices outweighed lower sales volumes.
- Production fell 24%, primarily reflecting Fekola pit sequencing and the end of Otjikoto open-pit mining, partially offset by Goose’s ramp-up.
- All-in sustaining costs climbed 76% to USD 2,602 per ounce sold, reflecting lower production and higher sustaining capital spending from Goose.
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