B2Gold (BTO) Mining Forum Americas 2026 summary

Leadership and organizational updates

• Smooth internal transitions in key leadership roles, including CFO and operational management, have been completed since June, supporting continuity and execution focus.

• Michael McDonald has stepped into a significant leadership role, contributing to internal stability.

Operational milestones and project execution

• Completion of prepaids by end of June has freed up 23,000 ounces per month for sale at full value, marking a major milestone.

• Fekola Regional permit was secured, enabling future production ramp-up and operational expansion.

• Goose crushing circuit remediation is progressing in two phases, with phase one to be completed by mid-October and phase two in Q2 next year, targeting a steady-state run rate of 300,000 ounces per year by mid-next year.

• Mobile crusher installation has already increased throughput to 3,000 tons per day, with further increases expected as upgrades complete.

Exploration and resource development

• Positive infill drilling results at Goose Mine, especially at Llama and Goose Main, are expected to convert inferred resources to indicated and potentially into the reserve mine plan.

• Discovery of the Tattuk area extends known mineralization, reinforcing geological interpretations and supporting future resource growth.

• At George in the Back River district, efforts are underway to expand the indicated and inferred resources, with a desktop mine study planned to assess open pit versus underground opportunities.