B2Gold Corp. (BTG) recently disclosed its financial outcomes for the final quarter and the entirety of 2025, leading to a noticeable shift in its stock market performance. Despite achieving a new peak in annual revenue, the company's shares saw a downturn in after-hours trading. This overview examines the key figures from their latest financial report, shedding light on the factors that influenced investor sentiment and the company's future projections.
For the quarter concluding on December 31, 2025, B2Gold announced gold revenues totaling $1.05 billion. This was derived from the sale of 283,490 ounces of gold, with an average realized price of $3,718 per ounce. The company's net income attributable to shareholders for this period reached $171 million, translating to $0.13 per share. Operating cash costs were recorded at $736 per ounce produced, while all-in sustaining costs stood at $1,754 per ounce.
Looking at the full year of 2025, B2Gold Corp. celebrated a record-breaking annual revenue of $3.06 billion. This impressive figure resulted from selling 927,797 ounces of gold at an average realized price of $3,299 per ounce. The total all-in sustaining costs for the year amounted to $1,584 per ounce, and the adjusted earnings per share were reported as $0.46. The company's operating cash flow was robust at $940 million, with cash and cash equivalents reaching $380 million by year-end 2025. Additionally, $650 million remained accessible under its revolving credit facility.
The company also provided its guidance for 2026, indicating an anticipated consolidated gold production ranging from 820,000 to 970,000 ounces. Projections for consolidated all-in sustaining costs are set between $2,400 and $2,580 per ounce, based on a gold price of $5,000 per ounce. Cash operating costs are expected to be between $1,155 and $1,280 per ounce. Furthermore, the board declared a first-quarter 2026 dividend of $0.02 per share, scheduled for payment on March 19.
B2Gold Corp. currently holds a market capitalization of $7.18 billion. Over the past year, its stock has demonstrated significant growth, with a 104.56% gain. The stock's 52-week trading range shows a high of $5.94 and a low of $2.53. The Relative Strength Index (RSI) for the stock is at 55.04, placing it approximately 83.6% above its annual low. Following the announcement, the stock closed regular trading up 2.48% at $5.38, though it later fell in after-hours trading.
The recent financial disclosures highlight B2Gold's strong performance in 2025, marked by record revenues and solid cash flows. However, the market's reaction, particularly the after-hours decline, suggests investor caution regarding the anticipated increase in production costs and a potential dip in gold production for 2026. The company's dividend announcement and its current stock metrics offer a mixed but interesting outlook for prospective investors, reflecting both past achievements and future challenges.