B2Gold Reports Fire-Related Incident to the Crushing Circuit at the Goose Mine

Most Recent Incident (April 17, 2026)

• A fire occurred in the crushing circuit at the Goose Mine on April 16, 2026.
• Damage was localized to the secondary crusher screen and feed belt.
• No injuries reported; emergency responders extinguished the fire immediately.
• Mining operations are continuing according to plan despite the incident.
• Investigation into the cause is ongoing with regulatory authorities notified.

Operational Risk vs. Guidance

• The fire at Goose Mine introduces operational uncertainty to a cornerstone asset contributing 170k–230k oz to 2026 guidance.
• Management states operations continue according to plan; however, fires in crushing circuits often require part replacement and safety inspections that can cause hidden delays not immediately quantified.
• Given the mine is relatively new (commercial production achieved Oct 2025), reliability concerns are heightened compared to mature assets like Fekola or Masbate.

Corporate Structure

• Primary Entity: B2Gold Corp., a diversified gold producer with operations in Mali, Namibia, Philippines, and Canada.
• Flagship Project: Goose Mine (Nunavut, Canada). Achieved commercial production October 2025; cornerstone of Canadian strategy.
• Other Assets: Fekola Complex (Mali), Masbate Mine (Philippines), Otjikoto Mine (Namibia).