Slide 1: An International Senior Gold Producer
AN INTERNATIONAL SENIOR GOLD PRODUCER TSX BTO NYSE AMERICAN BTG NSX B2G 2
Slide 2: B2Gold company overview and asset locations
B2Gold is an international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines and numerous development and exploration projects in various countries including Mali, Colombia and Finland. BACK R
Slide 3: Strong & Profitable Production Profile
STRONG & PROFITABLE PRODUCTION PROFILE GOLD PRODUCTION AISC5 (Koz) ($/oz Au) 1,400 $1,490 - 1,600 $1,5504 $1,465 1,400 1,200 1,061 940 - 1,041 1,047 1,045 1,028 1,200 1,000 980 $1,201 954 1,000 $1,033 805 800 $860 $862 $947 $794 $888 800 631 1 $758 $788 600 550 493 600 400 400 200 200 2015 2016 2017
Slide 4: Total Production, Costs, Revenue and Cash Flow
TOTAL PRODUCTION, COSTS, REVENUE AND CASH FLOW Q3 2025 254,369 oz Q3 2025 gold production $780 / oz produced Q3 2025 cash operating costs1,2 $1,479 / oz sold Q3 2025 AISC1,2 $782,948,000 Q3 2025 gold revenue3 $171,390,000 Q3 2025 cash flows from operating activities 2025 Guidance 940 koz – 1,045 koz
Slide 5: Corporate Strategy, Corporate Structure, Analyst Coverage
CORPORATE STRATEGY CORPORATE STRUCTURE Maintain the highest standards of SNAPSHOT as of November 10, 2025 SHAREHOLDERS3 responsible mining, government TSX: BTO NYSE AMERICAN: BTG Institutional relationships, Health, Safety and Environment stewardship and Corporate Share Price C$5.74 Social Responsib
Slide 6: Health and Safety Performance
HEALTH AND SAFETY PERFORMANCE As a responsible mining company, B2Gold is committed to and biodiversity impacts. Our management approach is to developing resources in a way that is protective of people work within social, economic, and environmental contexts and respectful of human rights and cultura
Slide 7: ESG | Raising the Bar
ESG | RAISING THE BAR INDUSTRY BEST PRACTICES Implementation of Progressive Tailings Management practices In 2023, B2Gold updated the Environmental Rehabilitation measures across all and reporting continue to evolve in and Biodiversity Policy and Standards to align operations to minimize costs and l
Slide 8: Operations
OPERATIONS FEKOLA COMPLEX MASBATE GOLD PROJECT OTJIKOTO MINE GOOSE MINE MASBATE GOLD FEKOLA COMPLEX PROJECT OTJIKOTO MINE GOOSE MINE Q3 2025 146,883 oz 49,519 oz 44,105 oz 13,862 oz GOLD PRODUCTION 2025E 515 – 550 koz 190 – 210 koz 185 – 205 koz 50 – 80 koz CASH Q3 2025 $772/oz $805/oz $781/oz – OPE
Slide 9: Development
DEVELOPMENT GOOSE MINE 2025 COMPLETED IN PROGRESS First Gold Pour Completed June 30, 2025 ptimization and Full Commissioning O of Remaining Circuits 2025 Winter Ice Road Campaign lanning for 2026 Winter Ice Road Campaign P Echo Tailings Facility Commissioned ultiple optimization studies M Mining of
Slide 10: Exploration
EXPLORATION CANADA 51% | $32M GRASSROOTS 18% | $11M TOTAL MALI ~$61M 1 14% | $9M NAMIBIA 12% | $7M THE PHILIPPINES 1. Totals may not add due to rounding 5% | $3M BACK RIVER | CANADA FEKOLA & FEKOLA REGIONAL | MALI MASBATE | THE PHILIPPINES $32M BUDGET $9M BUDGET $3M BUDGET $21M is planned for the mo
Slide 11: Executives, Directors, Contact
EXECUTIVES DIRECTORS CONTACT Clive T. Johnson Eduard Bartz John Rajala Kelvin Dushnisky, Chair Michael McDonald President, CEO and Director VP, Taxation and VP, Metallurgy VP, Investor Relations, Clive T. Johnson External Reporting Neil Reeder Corporate Development and Treasury Mike Cinnamond SVP, F
Slide 12: B2Gold Corp.
B2GOLD CORP. Park Place, Suite 3400 – 666 Burrard Street Vancouver, British Columbia, Canada V6C 2X8 PHONE +1 604-681-8371 TOLL FREE +1 800-316-8855 FAX +1 604-681-6209 www.b2gold.com