B2Gold Namibia paid N$3.8 billion in taxes to the Namibian government in 2025, underpinned by strong production and profitability at its Otjikoto gold mine.
The contribution includes corporate income tax, royalties and export levies, reflecting one of the largest fiscal inflows from the mining sector during the year.
Country Manager and Director John Roos said the payment underscores the company’s role in supporting public finances and the broader economy.
“We paid N$3.8 billion in taxes to government in 2025, and this reflects our commitment to transparency and fairness in contributing to the Namibian economy,” he said.
Of the total, corporate tax accounted for N$3.2 billion, while royalty payments reached N$325 million.
The strong tax contribution follows a solid financial performance, with the company reporting revenue of N$12.187 billion and profit after tax of N$4.623 billion. Gold production totalled 199,000 ounces for the year, supported by stable operations and cost discipline.
“Our 2025 performance was a strong one, supported by solid production levels and a healthy cost position, which contributed to strong returns to government,” Roos said.
All-in sustaining costs were recorded at US$969 per ounce, positioning the operation competitively within the global gold sector.
Beyond fiscal contributions, B2Gold spent N$2.67 billion on procurement of goods and services during the year, with 55% sourced locally. The company also allocated N$32.8 million to community development initiatives.
Local participation remains a central feature of operations, with 98% of the workforce comprising Namibians.
“We continue to prioritise local employment and procurement, ensuring that a significant portion of our spending flows back into the Namibian economy,” Roos added.
The company also invested approximately US$5.1 million in exploration, primarily focused on the Antelope deposit, as part of efforts to sustain future production.
However, output is expected to decline in 2026 following the cessation of open-pit mining, with production projected between 70,000 and 90,000 ounces.
B2Gold is now entering a transition phase, with capital shifting towards the development of the Antelope project, which is expected to extend the life of the Otjikoto mine beyond 2028.
“We are entering a new phase of investment, and the development of the Antelope project will be critical in sustaining production and extending the life of the mine,” Roos said.
