B2Gold cuts annual cost forecast as third-quarter costs rise

Thursday 5th November 2026

By inAfrika Newsroom

B2Gold lowered its 2026 all-in sustaining-cost forecast to US$2,230–$2,410 per ounce sold from US$2,370–$2,550, while reporting higher third-quarter costs than a year earlier.

The gold producer’s 4 November results put third-quarter sustaining costs at $2,602 an ounce, against $1,479 in 2025. The non-IFRS measure includes operating costs and spending to sustain production.

Quarterly revenue rose to $836 million from $783 million. The average realised gold price increased to $4,289 an ounce from $3,133, offsetting lower sales volumes.

Fekola in Mali produced about 78,000 ounces, against 147,000 a year earlier. Otjikoto in Namibia produced about 22,000 ounces, against 44,000.

The company retained its full-year production guidance of 820,000–920,000 ounces on a 100% basis. It attributed the lower annual cost forecast to year-to-date operating performance.

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