Liquidity and Capital Resources B2Gold continues to maintain a strong financial position and liquidity. At June 30, 2025, the Company had cash and cash equivalents of $308 million (December 31, 2024 - $337 million) and working capital deficit (defined as current assets less assets classified as held for sale and current liabilities) of $19 million (December 31, 2024 - surplus of $321 million). Working capital at June 30, 2025, reflects the classification of the Company's gold prepayment obligations as current liabilities. During the first half of 2025 the Company repaid $400 million on the Company's $800 million revolving credit facility, leaving $800 million remaining available for future draw downs, plus a $200 million accordion feature.