Otjikoto mine exceeds production expectations in second quarter of 2026
B2Gold's Otjikoto mine produced 23,438 ounces of gold in the second quarter of 2026, contributing to B2Gold's consolidated gold production of 203,648 ounces. This performance was higher than anticipated, mainly due to increased average mill feed grade from greater ore volumes from higher-grade underground sources. B2Gold president and chief executive Mike Cinnamond noted that production across their operating portfolio was largely in line with expectations, with stronger-than-anticipated results from Fekola, Masbate, and Otjikoto. For the six months ending June 30, B2Gold realized over US$1.9 billion, with Otjikoto contributing more than US$250 million. The company's board of directors declared a cash dividend of US$0.02 per common share for the third quarter of 2026. Otjikoto's cash operating costs for the second quarter were US$1,190 per gold ounce produced, lower than expected due to higher gold production, partially offset by higher underground mining costs. All-in sustaining costs were US$1,480 per gold ounce sold, also lower than anticipated. Capital expenditures for the quarter totaled US$8 million, primarily for Antelope and Wolfshag underground development. The Otjikoto mine, in which B2Gold holds a 90% interest, is now projected to produce between 80,000 and 100,000 ounces of gold in 2026, an increase from previous guidance. Cinnamond expects strong operating results to continue through year-end, with significant free cash flow anticipated in the second half of 2026
