Canada's B2Gold Q4 revenue misses analyst expectations

Overview

• Canada gold miner's Q4 revenue missed analyst expectations

• Company repurchased 7 mln shares under normal course issuer bid

Outlook

• B2Gold expects 2026 gold production between 820,000 and 970,000 ounces

• Company forecasts 2026 cash operating costs of $1,155 to $1,280 per ounce

• B2Gold projects 2026 all-in sustaining costs between $2,400 and $2,580 per ounce

Result Drivers

• HIGHER PRODUCTION - B2Gold's Q4 gold production exceeded expectations at Fekola, Masbate, and Otjikoto mines, driven by strong operational performance and higher mill feed grades

• LOWER CASH COSTS - Q4 cash operating costs were lower than expected at $736 per ounce due to higher production and lower fuel costs

• HIGHER AISC - Q4 all-in sustaining costs were higher at $1,754 per ounce due to lower gold sales and higher royalties from increased gold prices

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy."

• Wall Street's median 12-month price target for B2Gold Corp is C$8.87, about 20.8% above its February 18 closing price of C$7.34

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX8LFTjN

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