B2Gold's Incoming CEO, Mike Cinnamond

Mike Cinnamond, incoming CEO of B2 Gold (to take effect following the June AGM), discusses his long history with the company, Clive Johnson’s legacy, the current ramp-up at the Goose Mine, 2026 guidance, and the company’s strong free cash flow outlook as it moves toward steady-state production.

• Mike Cinnamond has been with B2 Gold for 13 years, serving as CFO since 2014. He previously served as the PwC audit partner for B2 Gold and its predecessor Bema Gold dating back to the late 1990s.
• Goose Mine is still in ramp-up mode in 2026; crusher remediation will occur in two stages, with initial improvements targeted for completion by the end of Q3 2026 (reaching 3,200 tpd) and full remediation in 2027 to achieve steady-state capacity of 4,000 tpd.
• Consolidated 2026 production guidance is 820,000 – 970,000 ounces, with Goose expected to contribute 170,000 – 230,000 ounces as throughput continues to increase.
• At current gold prices, B2 Gold expects free cash flow of over $750 million in the second half of 2026, rising to approximately $1.5 billion in 2027 and over $2 billion in 2028 once all operations reach steady state.
• Near-term capital allocation priorities include continued share buybacks, maintaining the dividend, and debt repayment, while longer-term growth options such as the Gramalote project in Colombia will be evaluated once Goose and Fekola Regional are fully operational.