Vancouver, March 13, 2026, 12:13 PDT
B2Gold Corp shares on the NYSE American slipped almost 5% Friday, joining a slump that swept through gold miners as bullion prices softened. A new annual filing also underscored ongoing execution risks tied to the Goose mine project in Nunavut. By midday in Vancouver, the stock was sitting at $4.86. Reuters
The timing’s notable. B2Gold stuck with its 2026 production forecast of 820,000 to 970,000 ounces—lower than the 979,604 ounces it logged in 2025. The miner also lifted its all-in sustaining cost outlook to $2,400 to $2,580 an ounce, well above last year’s $1,584. SEC
So, 2026 shapes up as something of a transition year. B2Gold is projecting output at its Goose mine in Canada between 170,000 and 230,000 ounces for this year, though about 65% of that haul won’t show up until the back half, with crushing-circuit upgrades still underway at the site. The plant’s nameplate capacity stands at 4,000 tonnes daily. B2Gold
The annual report didn’t mince words. B2Gold flagged that Goose can’t hit full speed until it finishes engineering, procurement, and logistics, with those pieces still outstanding. On top of that, the company cautioned that ongoing permit delays at Fekola Regional in Mali throw a wrench into just how much gold-price upside might actually make it onto their books. SEC
Gold slipped again. Spot prices, Reuters said, dropped 0.5% on Friday, marking another losing week for the metal. Independent trader Tai Wong told the outlet bullion was “grinding towards lows” while the dollar kept climbing. Reuters
Selling hit across the sector. Shares of Newmont, Kinross Gold, and Agnico Eagle each dropped roughly 4% to 5% in U.S. trading—not just a B2Gold story, though that name still faces its own execution issues.
Caution on the sell side is still in play. Markets Insider, referencing TipRanks, noted RBC Capital’s Josh Wolfson stuck with his Hold rating and kept the $6.50 price target as of March 12. markets.businessinsider.com
B2Gold is pushing its rebound timeline out. The miner now expects 2027 output to return to 2025 levels. January numbers showed all four mines topping internal forecasts, but the same update spelled out that initial upgrades to crushing at Goose won’t happen until the back half of 2026. Hitting the full 4,000 tonnes per day pace is slated for the first half of 2027. B2Gold
The shares could take a hit if key deadlines get pushed back. Say Goose upgrades stall, or the Fekola Regional permit faces delays—B2Gold then risks sticking near the lower bound of its output forecast, with costs remaining high. That’s straight from the company’s own guidance and risk disclosures. SEC
B2Gold hit a new high for gold revenue in 2025, pulling in $3.06 billion. Net income landed at $427 million. Year-end cash? $380 million. The board signed off on a $0.02 per share dividend for the first quarter, with payment set for March 19. SEC
