Otjikoto mine outperforms expectations
B2Gold's Otjikoto mine in Namibia exceeded production expectations in the second quarter of 2026, contributing to strong overall company performance. The company declared a cash dividend following these results, despite higher-than-expected underground mining costs.
Why it matters
Strong operational performance in the mining sector impacts regional economic stability and investor returns in Namibia.
B2Gold’s Otjikoto mine produced 23 438 ounces of gold in the second quarter of 2026, contributing to B2Gold’s consolidated gold production of 203 648 ounces during this period.
The company’s operational and financial results for the second quarter of 2026 state that Otjikoto’s higher-than-anticipated production was primarily due to higher average mill feed grade from greater ore volumes supplied by higher-grade underground sources.
Commenting on the results, B2Gold president and chief executive Mike Cinnamond says: “B2Gold delivered a solid second quarter, with production across our operating portfolio largely in line with expectations, highlighted by stronger-than-anticipated performance from Fekola (in Mali), Masbate (in the Philippines) and Otjikoto.”
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