B2Gold cuts cost forecast as Goose faces crunch
Goose is key for the miner's recovery, needing 74,000 oz. in Q4, up 86% from Q3, to meet annual goals.
Canadian miner B2Gold has lowered its 2026 all-in sustaining cost guidance to $2,230–$2,410 per ounce from a previous range of $2,370–$2,550, a reduction of about 6%. The company's annual production target remains unchanged at 820,000–920,000 ounces. This cost reduction follows successful repairs and upgrades to the fire-damaged crushing circuit at the Goose mine in Nunavut, which had been a key production bottleneck.
Goose is still the main focus for B2Gold's operational recovery, as it needs about 74,000 ounces in the fourth quarter to reach the bottom of its annual production range. The company's adjusted third-quarter earnings of 14 cents per share exceeded analyst consensus, and its shares rose 0.8% to C$7.21. Despite challenges, B2Gold expects to produce 170,000–200,000 ounces at Goose this year, with additional growth potential from other operations such as Masbate in the Philippines and Otjikoto in Namibia.
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