B2Gold (BTO) Corporate presentation summary

Strategic direction and objectives

• Focus on acquiring, discovering, financing, building, and operating gold assets globally, with a disciplined approach to capital and responsible growth.

• Corporate objectives emphasize execution, delivery, and integration of culture across operations.

Production and financial performance

• 2026 gold production guidance is 820,000–920,000 ounces, with cash operating costs of $1,155–$1,280/oz and AISC of $2,370–$2,550/oz.

• Q1 and Q2 2026 production totaled 441,411 ounces, with YTD cash operating costs at $1,096/oz and AISC at $2,133/oz.

• Market capitalization stands at C$7.6B, with $287M in cash and $511M in strategic investments as of August 2026.

Asset portfolio and growth projects

• Operates diversified assets in Mali (Fekola), Namibia (Otjikoto), the Philippines (Masbate), and Canada (Goose/Back River), with development and exploration in Colombia (Gramalote) and Kazakhstan.

• Goose Mine in Nunavut achieved commercial production in October 2025, with 2026 guidance of 170,000–200,000 oz and medium-term target of 300,000+ oz/year.

• Fekola Complex targets 390,000–420,000 oz in 2026, with regional ramp-up and underground expansion to boost output beyond 150,000 oz/year from 2028.

• Otjikoto Mine expects 80,000–100,000 oz in 2026, with the Antelope underground deposit approved for development and strong project economics.

• Masbate Gold Project guidance is 180,000–200,000 oz in 2026, with ongoing plant upgrades and exploration.

• Gramalote Project in Colombia projects 177,000 oz/year over 13 years at low AISC, pending permit modifications.