B2Gold Corp. reported a robust third quarter 2026 performance, with headline revenue and earnings substantially exceeding analyst expectations. Results were significantly impacted by a $253.5 million reversal of impairment on long-lived assets within the Fekola Complex CGU, which contributed to a sharp increase in reported net income attributable to shareholders.
Key Highlights
- Gold revenue grew to $836.5 million, up from $782.9 million in the prior year period, primarily driven by record-high gold prices.
- Net income attributable to shareholders reached $408.9 million ($0.31 per basic share), benefiting from a major asset impairment reversal.
- Operating income jumped to $596.3 million for the quarter, compared to $332.9 million in the third quarter of 2025.
- Capital expenditures for the Goose Mine project totaled $72.9 million for the quarter and $211.1 million for the nine-month period as construction continues toward production.