Past year: ▲ 16%(5.25 – 8.38 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Mar 2026drilling result▲ Good
B2Gold reported positive results from its 2025 exploration program at the Back River Gold District in Nunavut, which the headline says confirm significant resource potential across the district. Hole results are not in the cover and exhibit index provided.
6 Nov 2025drilling result▲ Good
B2Gold reported third-quarter 2025 results, with the headline citing continued strong performance at Fekola, Otjikoto and Masbate and the start of high-grade underground ore production at Goose. No financial or production figures are in the cover and exhibit index provided.
14 July 2025resource reserve update▲ GoodMajor
B2Gold published a feasibility study for Gramalote, the Colombian joint venture with AngloGold Ashanti, showing an after-tax NPV (5%) of $941 million and IRR of 22.4% at $2,500/oz gold, and $1,716 million and 33.5% at $3,300/oz. This follows the June 2024 preliminary assessment (NPV $778 million, IRR 20.6%). Whether to proceed to development is not stated in the text provided.
4 Feb 2025resource reserve update▲ Good
B2Gold published a preliminary economic assessment for the Antelope deposit at Otjikoto in Namibia, showing an after-tax NPV (5%) of $131 million and an after-tax IRR of 35%. This follows the January 2024 drilling results and the June 2024 inferred resource at Springbok. Other assumptions are not in the text provided.
14 Nov 2024drilling result▲ Good
B2Gold reported 2024 drilling results at the Goose Project, at the Nuvuyak deposit and the Mammoth target, which the headline says show potential to further extend mine life. Hole results are not in the cover and exhibit index provided.
20 June 2024resource reserve update▲ Good
B2Gold announced an initial inferred mineral resource estimate for the Springbok zone of the Antelope deposit at Otjikoto, following the January 2024 drilling results. The size of the resource is not in the cover and exhibit index provided.
20 June 2024resource reserve update▲ GoodMajor
B2Gold published a preliminary economic assessment for Gramalote, the Colombian joint venture with AngloGold Ashanti, showing an after-tax NPV (5%) of $778 million and after-tax IRR of 20.6%. This updates the January 2020 assessment of a 3.85-million-ounce open pit; other details are not in the filing text provided.
15 Mar 2024resource reserve update● NeutralMajor
Filed the Fekola Complex technical report as at December 2023, consolidating the mine, Cardinal, Anaconda and Dandoko: probable reserves of 61.8 million tonnes at 1.70 g/t for 3.39 million ounces and indicated resources of 155.4 million tonnes at 1.28 g/t for 6.39 million ounces, on a 100% basis. B2Gold holds 80% of the Fekola pit and 90% of Anaconda and Dandoko, with Mali entitled under its 2023 mining code to acquire up to a further 20% plus 5% in the latter two.
31 Jan 2024drilling result▲ Good
B2Gold reported positive drilling results from the Antelope deposit at Otjikoto in Namibia, which the headline says show potential to expand underground production into the early 2030s. Hole results are not in the cover and exhibit index provided.
22 Nov 2023drilling result▲ Good
B2Gold reported positive drilling results from its first campaign at the Back River Gold District in Nunavut, and an update on construction and mining at the Goose Project. These are the assets that came with the Sabina acquisition. No numbers are in the cover and exhibit index provided.
21 June 2023resource reserve update▲ GoodMajor
B2Gold announced an updated and significantly increased mineral resource estimate for the Anaconda area near Fekola, following the drilling of Mamba, Cardinal, FMZ and Cobra since 2019. The tonnes, grades and ounces are not in the cover and exhibit index provided.
28 Apr 2023drilling result▲ Good
The headline reports positive exploration drilling results from the Fekola Regional area in Mali, continuing B2Gold's drilling around Fekola. The filing text is only a cover and exhibit index, so no hole results are available.
13 Dec 2022drilling result▲ Good
More Fekola Complex drilling, including 14.60m at 9.48 g/t in hole BND_119, some of the highest-grade sulphide yet at Anaconda, published alongside consecutive monthly production records at Fekola in October and November and a reaffirmed 2022 guidance of 990,000-1,050,000 ounces including 40,000-50,000 attributable from Calibre.
15 Sept 2022drilling result▲ Good
Drilling confirmed the Mamba Main sulphide shoot at Anaconda over more than 700 metres down plunge, with 28.70m at 5.89 g/t in hole BND_108, and returned first results from the Cobra zone 2km east including 13.80m at 6.75 g/t. B2Gold now describes Fekola, Cardinal, Anaconda, Bakolobi and Dandoko together as the Fekola Complex.
23 Mar 2022resource reserve update▲ GoodMajor
The Anaconda area, 20km from Fekola, was given a maiden indicated resource of 32.4 million tonnes at 1.08 g/t for 1.13 million ounces plus 63.7 million tonnes at 1.12 g/t for 2.28 million ounces inferred, a 196% increase in inferred ounces. B2Gold said selective saprolite averaging 2.2 g/t could be trucked to the Fekola mill from as early as late 2022, subject to permits.
2 Feb 2022resource reserve update▲ GoodMajor
Mali granted a new exploration permit over the same ground as the disputed Menankoto permit, restoring access to the Anaconda area, and B2Gold published an increased resource for the Cardinal-FMZ zone 500 metres from the Fekola pit. Drilling was to restart by 15 February 2022.
17 Sept 2020drilling result▲ Good
Drilling extended the Cardinal and FMZ zones near Fekola to more than 3.5 kilometres of strike and the Mamba zone in the Anaconda area to about 2.2 kilometres, on an US$18 million Mali programme. B2Gold guided to a maiden inferred resource for Cardinal in the first quarter of 2021 and an updated Anaconda resource by the end of 2020.
21 Jan 2020resource reserve update▲ GoodMajor
The updated Gramalote assessment put a 13.6-year open pit at 3.85 million ounces, averaging 416,600 ounces a year for the first five years and 283,990 over the life at US$544 cash cost and US$648 all-in sustaining cost. B2Gold took over as manager of the joint venture with AngloGold Ashanti from 1 January 2020.
17 Jan 2020resource reserve update▲ GoodMajor
Fekola's indicated resource at December 2019 rose to 110.6 million tonnes at 1.70 g/t for 6.052 million ounces, up 1.29 million ounces or 15.4% on a year earlier after allowing for the 455,810 ounces mined in 2019, and up 79% on the 2015 feasibility estimate after allowing for 1.006 million ounces of cumulative production. Fekola passed its first million ounces produced in late December 2019, two and a half years after start-up.
10 Dec 2019drilling result▲ Good
Year-end drilling across roughly 114,000 metres in Mali kept extending Fekola to the north, converted inferred to indicated inside the pit, expanded the Mamba and Adder saprolite zones and the Mamba sulphide discovery, and returned first results from the Cardinal and FMZ zones close to the Fekola pit.
17 Sept 2019drilling result▲ GoodMajor
Drilling extended the shallow saprolite zone at Mamba, 20km from Fekola, to over a kilometre of strike and found a wide sulphide zone beneath it, hinting at Fekola-type deposits. Infill drilling at Fekola was completed, with the 19% Inferred resource due to be upgraded to Indicated by Q4 2019, and the 2019 Mali exploration budget was raised by US$3 million to US$20.5 million.
13 May 2019resource reserve update● Neutral
Filed the NI 43-101 technical report backing the Fekola expansion preliminary economic assessment announced in March 2019, with no material differences from that announcement. The expansion is a mine fleet increase plus a plant upgrade centred on more ball mill power.
27 Mar 2019resource reserve update▲ GoodMajor
Approved the Fekola expansion on the strength of a preliminary economic assessment, lifting plant throughput by 1.5 million tonnes a year to 7.5 million without a new ball mill or extra power generation. The study was driven by the much larger resource declared in October 2018 rather than by new ground.
25 Oct 2018resource reserve update▲ GoodMajor
Fekola's indicated resource was raised to 92.81 million tonnes at 1.92 g/t for 5.73 million ounces, plus 1.37 million inferred, on 192,000 metres of drilling in 928 holes. Against probable reserves of 3.7 million ounces at the start of production this is a substantial increase, and it underpinned a mill expansion study then in progress.
29 June 2016drilling result▲ GoodMajor
More West African drill results, including 15.50m at 8.49 g/t north of Fekola, 26m at 5.44 g/t in a new saprolite zone, and 16m at 4.16 g/t at Kiaka. On the strength of them B2Gold decided to build the Fekola mill with a 25% design margin, potentially 5 million tonnes a year against the feasibility 4 million, for an extra US$15-20 million.
20 Jan 2016drilling result▲ GoodMajor
The 2015 exploration update extended Fekola 700 metres down plunge below the feasibility pit, with 45.38m at 4.77 g/t in hole FKD_181, and found a new zone near Kiaka at 106m of 2.21 g/t. Fekola remained open along strike to the north and down plunge.
27 July 2015resource reserve update● Neutral
The NI 43-101 technical report itself for the optimised Fekola feasibility study, effective 30 June 2015, prepared with Lycopodium Minerals and Knight Piesold.
27 July 2015resource reserve update● Neutral
Announced the filing of the Fekola technical report and restated its headline figures, confirming no material difference between the report and the June news release: 3.72 million ounces of probable reserves at 2.35 g/t, 350,000 ounces a year at US$418 cash cost for seven years.
12 June 2015resource reserve update▲ GoodMajor
The optimised Fekola feasibility study set out a 12.5-year open pit averaging 350,000 ounces a year at US$418 cash cost for the first seven years, on probable reserves of 49.2 million tonnes at 2.35 g/t for 3.72 million ounces, for US$395 million of pre-production capital plus US$67 million of leased fleet. B2Gold started construction and closed a US$350 million revolving credit facility the same day.
13 June 2014drilling result▲ GoodMajor
Otjikoto construction stayed on budget for a late-2014 start, with all major excavations done, over 16,000 cubic metres of concrete poured and about 1,000 people on site, and more high-grade Wolfshag drill results alongside. The feasibility case is about 141,000 ounces a year at US$525 cash cost for five years and 112,000 ounces at US$689 over the mine life.
