Balance sheet strength is a standout differentiator. As of March 31, 2026 the company reported about $3.1 billion of cash, ~$197 million of long‑term debt and net cash of roughly $2.9 billion, later reduced by cash acquisitions in Q2 2026 (B2Gold’s 70% of Fingold for US$325 million and Aurion for C$2.60 per share).
Fitch upgraded the issuer rating to A‑ in April 2026, reflecting strong operations and conservative policies. Liquidity includes a large undrawn revolver. This balance sheet can fund organic growth and withstand price downturns without distress.







