Chamwe Kaira
B2Gold Corp will release its fourth-quarter and full-year 2025 financial results, together with its 2026 production and cost guidance, after the close of North American markets on 18 February.
The Vancouver-based gold producer said its senior executives will host a conference call on 19 February to discuss the results and provide an outlook for the year ahead.
B2Gold is listed on the Toronto Stock Exchange, NYSE American and the Namibia Securities Exchange.
B2Gold operates gold mines in several jurisdictions, including Namibia, Mali and the Philippines.
In Namibia, the company owns and operates the Otjikoto Mine near Otavi with a 90% ownership stake.
Otjikoto continues to record steady operational performance while advancing growth through the development of the Antelope underground deposit.
The mine operates as both an open-pit and underground operation, with processing throughput of about 3.4 million tonnes per year. Otjikoto has a mineral reserve grade of 3.24 grams per tonne of gold and an average recovery rate of about 98%.
Gold production guidance for Otjikoto in 2025 was estimated at between 185 000 and 205 000 ounces.
All-in sustaining costs were projected at between US$965 and US$1 025 per ounce.
The Antelope deposit is located about four kilometres southwest of the existing Otjikoto open pit and hosts high-grade mineralisation similar to Otjikoto.
The underground project is expected to begin contributing to gold production as early as 2028 following a positive preliminary economic assessment.
More than 36,000 metres of drilling have been completed at the Springbok Zone to support the initial inferred mineral resource estimate.
The Antelope geological model was updated in February 2025 to include additional drilling data and resources. B2Gold allocated a US$7 million exploration budget for Otjikoto during 2025.
The Antelope underground deposit contains an estimated 2.58 million tonnes of ore at an average grade of 5.62 grams per tonne, representing about 470 000 ounces of contained gold.
According to the 2025 preliminary economic assessment, the project is expected to produce an average of 65,000 ounces of gold a year over a five-year mine life, with total production of about 327 000 ounces.
The assessment estimates an after-tax net present value of US$131 million at a 5% discount rate and an internal rate of return of 35%, based on a gold price of US$2 400 per ounce.
All-in sustaining costs are estimated at about US$1 095 per ounce. Pre-production capital costs were initially estimated at US$129 million, with a payback period of 1.3 years.
B2Gold has since completed further optimisation work and said pre-production capital costs could be reduced to about US$105 million.
Caption
B2Gold operates gold mines in Namibia, Mali and the Philippines.
- Photo: Contributed
