B2Gold management commentary cites Fekola impairment reversal as driver of Q3 2026 net income growth
Bitget2026/11/04 23:16- B2Gold management commentary reported third-quarter 2026 net income of USD 414 million, compared with USD 23 million a year earlier.
- Earnings included a USD 253 million Fekola impairment reversal; adjusted net income attributable to shareholders was nearly unchanged at USD 183 million.
- Revenue rose 7% to USD 836 million as higher realized gold prices outweighed lower sales volumes.
- Production fell 24%, primarily reflecting Fekola pit sequencing and the end of Otjikoto open-pit mining, partially offset by Goose’s ramp-up.
- All-in sustaining costs climbed 76% to USD 2,602 per ounce sold, reflecting lower production and higher sustaining capital spending from Goose.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Diageo (DEO.US) Q1 organic sales unexpectedly rose 1.4%: North America declined 3.6%, becoming a drag, while the full-year flat guidance remains unchanged.
Diageo's first-quarter organic net sales unexpectedly rose by 1.4% to $4.93 billion, with Latin America and Asia Pacific leading the growth, while North America still declined by 3.6%. The company maintains its guidance of flat performance for the full year.
Deutsche Bank raises EchoStar Communications target price to $134
A net loss of approximately $555,000 has occurred due to the TENDRIL sell mechanism vulnerability.
Crypto prices
More
