2025/11/06 – 10:40:00 – 1086522572931072272
B2Gold Reports Q3 2025 Results
B2Gold Corporation (“B2Gold”)
Registration No. BC0776025
Registered as an external company in Namibia
ISIN Code: CA11777Q2099
NSX Share Code: B2G
B2Gold Reports Q3 2025 Results
Continued strong performance across the Fekola, Otjikoto, and Masbate mines; Goose Mine
has commenced high-grade underground ore production
Vancouver, BC, November 5, 2025 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG,
NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce its operational and financial
results for the third quarter of 2025. All dollar figures are in United States dollars unless
otherwise indicated.
2025 Third Quarter Highlights
• Gold production of 254,369 ounces: Total gold production in the third quarter of 2025,
including pre-commercial production from the Goose Mine, was 254,369 ounces. The
Fekola, Masbate and Otjikoto mines all exceeded expected production in the third
quarter. The Company currently believes that it remains on track for the fourth quarter of
2025 to be the strongest quarter of gold production in 2025.
• Consolidated cash operating costs of $780 per gold ounce produced: Consolidated
cash operating costs (see “Non-IFRS Measures”), excluding pre-commercial production
from the Goose Mine, were $780 per gold ounce produced ($768 per gold ounce sold)
during the third quarter of 2025. Cash operating costs per ounce produced for the third
quarter of 2025 were better than expected as a result of higher than expected
production, lower than expected fuel costs, and a weaker Namibian dollar foreign
exchange rate.
• Consolidated all-in sustaining costs of $1,479 per gold ounce sold: Consolidated
all-in sustaining costs (see “Non-IFRS Measures”) were $1,479 per gold ounce sold
during the third quarter of 2025. Consolidated all-in sustaining costs for the third quarter
of 2025 were in line with expectations as lower production costs per gold ounce sold and
lower sustaining capital expenditures were offset by higher gold royalties resulting from a
higher than expected average realized gold price. The lower sustaining capital
expenditures were mainly a result of timing, and the majority are expected to be incurred
in the fourth quarter 2025.
The full announcement can be viewed at the following link:
https://www.b2gold.com/news-media/news-releases/news-details/2025/B2Gold-Reports-Q3-
2025-Results/default.aspx
On Behalf of B2GOLD CORP.
Clive T. Johnson
President & Chief Executive Officer
06 November 2025
Registered Office
20 Nachtigal Street
Ausspannplatz
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th floor 1@Steps,c/o Grove and Chasie Street
Kleine Kuppe, Windhoek
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 06-11-2025 10:40:00
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Namibia Securities Exchange – NAM News