Key Points – Mali granted B2Gold the Menankoto Exploitation Permit, allowing pre-stripping to begin at Fekola Regional.
The project is expected to ramp up through 2027 and produce more than 150,000 ounces of gold annually from 2028 into the mid-2030s. – B2Gold produced approximately 204,000 ounces of gold in the second quarter and reported adjusted net income of $41 million, or $0.03 per share
Free cash flow was negative $258 million, while the company returned $224 million to shareholders through share repurchases and dividends in the first half of 2026. – The company narrowed 2026 production guidance to 820,000–920,000 ounces because of the Menankoto permitting delay and the Goose crusher fire. Goose repairs remain on schedule, with throughput expected to exceed 3,000 tonnes per day by the fourth quarter. – 3 Gold Stocks Under $5 With Massive Upside B2Gold (NYSEAMERICAN:BTG) said the Government of Mali granted the Menankoto Exploitation Permit, clearing the company to begin mining-related activities within the permit area and advance the Fekola Regional deposit. The company requested a temporary trading halt before its second-quarter conference call to disseminate the material news.
President and Chief Executive Officer Mike Cinnamond said the permit was an important milestone for the Fekola complex. It allows B2Gold to begin pre-stripping activity at Fekola Regional, which is expected to ramp up through the end of 2027 and produce more than 150,000 ounces of gold annually from 2028 through the mid-2030s. – 3 Stocks Trading Near $5 With Massive Earnings Upside “We’re pretty much ready to go to get going with the stripping activity,” Cinnamond said in closing remarks. “Now we have the chance to actually get out there and make it happen.” Leadership transition and Mali permitting Chairman Kelvin Dushnisky opened the call by recognizing former CEO Clive Johnson, who has moved into the role of chair emeritus, and by expressing the board’s confidence in Cinnamond as…