Production / Operations
B2Gold estimates Goose fire damage repair to cost $10M

BTO · Price
Executive Summary
- B2Gold Corp. provided an operational update following a localized fire at the Goose Mine's crushing circuit on April 16, 2026, confirming no injuries and no damage to the mill or power facility.
- The company has implemented a revised Q2 2026 processing plan utilizing mobile crushers, which reduces the quarter's gold production forecast to 18,000–20,000 ounces.
- Repair costs are estimated at ~$10 million with completion targeted for Q3 2026, coinciding with planned infrastructure upgrades; full-year production guidance remains unchanged.
Key Details
- Incident Details: Fire occurred in the evening of April 16, 2026, causing localized damage strictly to the crushing circuit area.
- Safety & Facility Impact: No injuries reported; mill and power facility remain unaffected.
- Interim Operational Plan: Mobile crushers currently at site will feed crushed ore directly to the fine ore stockpile while repairs are underway.
- Additional Capacity: Temporary crushing equipment has been sourced and will be transported to the site in Q2 2026 to supplement existing mobile crushers.
- Repair Timeline & Cost: Estimated repair cost is approximately $10 million; repairs are projected to be completed in Q3 2026.
- Infrastructure Upgrades: Repair work will coincide with the previously announced installation of a run-of-mine bin and apron feeder, also scheduled for Q3 2026.
- Capacity Target: The crushing circuit is expected to reach an average daily capacity of ~3,200 tonnes per day by the end of Q3 2026.
- Q2 2026 Production Forecast: Reduced to 18,000–20,000 ounces due to lower throughput rates, representing a ~10,000 ounce decrease from the previous internal forecast of ~29,000 ounces.
- Q1 2026 Production: 42,876 ounces of gold produced, exceeding internal estimates.
- Full-Year 2026 Guidance: Reiterated at 170,000–230,000 ounces for the Goose mine.
- Long-Term Impact Assessment: The operational impact is expected to be limited to Q2 2026, with crushed ore availability in H2 2026 remaining consistent with prior estimates.
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May 25, 2026 · 18:30