By Adriano Marchese

B2Gold shares fell after the company reported lower fourth-quarter gold sales and foreign exchange pressures that weighed on profit.

Shares traded 7% lower at 6.83 Canadian dollars ($4.99).

The miner said late Wednesday that quarterly gold sales came in lower than expected because of shipment timing, noting that about 20,500 troy ounces from its Fekola mine in Mali were shipped near year's end and recorded as sales only after the quarter closed.

The company logged a profit of 11 cents a share, missing consensus forecasts of 18 cents a share, while cash-flow per share also came in shy of expectations at 14 cents.

"The earnings miss was driven by lower-than-expected gold sales, about 20,000 ounces, higher income taxes, and higher realized foreign exchange losses more than offsetting lower production costs," Scotiabank's Ovais Habib said in a report.

All-in sustaining costs were $1,903 per troy ounce, down from $2,237 per troy ounce a year earlier.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 19, 2026 11:19 ET (16:19 GMT)

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