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B2Gold Corp. has provided an update on its near-term operational plan following a fire in certain areas of the crushing circuit at the Goose Mine on the evening of April 16, 2026. The company said the update follows its earlier disclosure made in a news release dated April 17, 2026.
B2Gold reconfirmed that no injuries were reported and no medical treatment was required related to the fire. The company also confirmed its initial assessment that the fire damage was localized to the crushing circuit area, with no damage or impact to the mill or power facility.
The Goose Mine currently has mobile crushers available on site. B2Gold said the preliminary operational plan is to use these mobile crushers to feed crushed ore directly to the fine ore stockpile.
In addition, the company said it has sourced additional temporary crushing capacity, which will be transported to the site in the second quarter of 2026 to supplement the existing mobile crushers.
B2Gold also developed a preliminary revised mill processing plan for the second quarter of 2026. Under the plan, mobile crushers will feed crushed ore directly to the fine ore stockpile while repairs to the crushing circuit related to the fire are completed.
The company estimates that the crushing circuit repairs will be completed in the third quarter of 2026. B2Gold said the repairs are expected to coincide with the previously announced addition of a run-of-mine bin and apron feeder, scheduled for implementation in the third quarter of 2026.
B2Gold reiterated that the Goose Mine crushing circuit is expected to operate at an average daily capacity of approximately 3,200 tonnes per day by the end of the third quarter of 2026.
The company estimated the cost of repairs to the crushing circuit related to the fire at approximately CAD 10 million.
B2Gold said gold production is expected to continue over the near term, but at a reduced level than previously anticipated in the second quarter of 2026 due to lower throughput rates of crushed ore.
In the first quarter of 2026, the Goose Mine produced 42,876 ounces of gold, ahead of internal estimates. The company previously forecast second-quarter 2026 gold production at approximately 29,000 ounces.
Following the fire-related impact to the crushing circuit, B2Gold now forecasts second-quarter 2026 gold production of 18,000 to 20,000 ounces, a reduction of approximately 10,000 ounces.
B2Gold reiterated its full-year gold production guidance for the Goose Mine of 170,000 to 230,000 ounces in 2026. The company estimated that the impact of lower availability of crushed ore as a result of the fire will be limited to the second quarter of 2026, and that availability of crushed ore in the second half of 2026 will not change from previous estimates.
“Clive T. Johnson”
President and Chief Executive Officer
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