B2Gold Corp.

B2Gold Corp.

BTG
B2Gold Corp.US flagNew York Stock Exchange Arca
5.61
USD
-0.08
- -
7.47BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.86
0.53
0.6
0.73
0.65
1.07
1.14
1.71
1.67
1.63
1.57
1.45
2.31
2.84
Basic EPS, GAAP
0.11
-0.72
-0.16
0.04
0.06
0.03
0.29
0.6
0.4
0.24
0.01
-0.48
0.3
0.61
Free Cash Flow per Basic Share
0.21
0.12
0.12
0.37
0.07
0.31
0.27
0.62
0.69
0.51
0.56
0.67
0.68
0.69
Dividend per Share
- -
- -
- -
- -
- -
- -
0.01
0.11
0.16
0.16
0.15
0.14
0.08
0.08
Book Value per Share
2.47
1.6
1.41
1.5
1.58
1.62
1.93
2.45
2.71
2.8
2.93
2.26
2.68
3.01
Tangible Book Value per Share
2.17
1.6
1.41
1.5
1.58
1.62
1.93
2.45
2.71
2.8
2.93
2.26
2.68
3.01
Basic Weighted Avg Shares
636
918
927
942
976
987
1,014
1,043
1,054
1,064
1,232
1,309
1,325
1,333
Sales/Revenue/Turnover
544
487
554
683
639
1,051
1,156
1,789
1,762
1,733
1,934
1,902
3,061
3,785
Operating Margin (%)
15.4
2.26
4.62
20.33
12.48
28.99
32.18
49.37
38.95
29.81
34.88
31.27
45.88
45.9
Depreciation Expense
86
113
144
172
160
248
251
301
379
384
402
367
441
531
Net Income, GAAP
67
-665
-150
39
57
29
293
628
420
253
10
-630
402
807
Effective Tax Rate (%)
22.73
- -
- -
43.67
10.64
49.55
35.97
35
36.55
45.96
87.02
- -
56.32
50.88
Profit Margin (%)
12.37
-136.71
-27.08
5.73
8.9
2.75
25.39
35.11
23.84
14.6
0.52
-33.12
13.13
21.33
Working Capital
276
175
105
101
-99
156
264
477
815
802
397
321
68
405
LT Debt
300
369
451
473
400
455
236
76
50
42
176
421
564
423
Total Equity
1,671
1,525
1,313
1,455
1,566
1,653
2,052
2,661
2,961
3,112
3,910
3,036
3,642
4,005
Return on Invested Capital (%)
5.02
- -
- -
4.18
3.35
6.84
10.43
21.69
14.39
8.73
2.34
- -
15.18
19.67
Return on Capital (%)
5.62
- -
- -
2.44
3.02
1.28
12.95
23.37
13.32
7.25
-0.54
- -
10.21
19.85
Return on Common Equity (%)
6.05
-42.46
-10.81
2.85
3.79
1.83
16.29
27.53
15.47
8.62
0.3
-18.54
12.22
22.29

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
34
29
33
LT Borrowings
564
460
394
LT Finance Leases
32
31
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,341
1,334
1,321
Market Capitalization
6,046
6,042
4,941

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,130
1,309
1,102
Cash, Cash Equivalents & STI
385
482
290
Accounts Receivable, Net
58
83
- -
Inventories
627
663
697
Total Current Liabilities
1,061
1,098
697
Payables & Accruals
442
614
506
ST Debt
34
29
33
Deferred Revenue
285
144
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.75%
7.93%
19.96%
Free Cash Flow
65.89%
8.59%
2.08%
Net Income, GAAP
-577.31%
-1,334.23%
-163.81%
Sales/Revenue/Turnover
21.4%
13.55%
60.95%
Total Cash Common Dividend
- -
2.35%
-43.97%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
461
493
448
500
1,902
2025
532
692
783
1,054
3,061
2026
1,159
789
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
-0.02
-0.48
-0.01
-0.48
2025
0.04
0.12
0.01
0.13
0.3
2026
0.15
0.31
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.04
0.04
0.14
2025
- -
0.02
0.02
0.02
0.08
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Michael Andrew Cinnamond
Full Time Employees
6,327
Sector
Basic Materials
Industry
Gold
Address
Park Place Vancouver BC Canada V6C 2X8
IPO Date
Jun 24, 2008
Website
b2gold.com
Business
B2Gold Corp. operates as an international gold producer, managing multiple mines across four continents. The company's primary operations include the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia, and the newly commissioned Goose Mine in Canada, which achieved commercial production in October 2025. B2Gold also holds a 100% interest in the Gramalote gold project in Colombia and possesses a portfolio of other evaluation and exploration assets, notably in Mali and Finland. Founded in 2007, the company maintains its headquarters in Vancouver, Canada.

Company News

  • BTG Goose Mine's Q2 Output Hit by Fire: Are 2026 Targets on Track?

  • B2Gold Reports Fatality at the Masbate Gold Project

  • Can Menankoto Permit Accelerate B2Gold's Fekola Regional Growth?

  • AEM vs. BTG: Which Gold Mining Stock Should You Invest in Now?

  • B2Gold Corp $BTG Shares Sold by Cetera Investment Advisers

  • B2Gold (TSE:BTO) Director Sells C$1,412,000.00 in Stock

  • BTG Pactual TIG and Conservation International Reach 20,000 Hectares of Cerrado Under Restoration, Accelerating Latin American Reforestation Strategy, Increasing Biodiversity and Social Impacts

  • B2Gold: Fekola Regional Permitted, Prepay Ended - Cash Flow Set To Surge

  • B2Gold Q2 Earnings Call Highlights

  • B2Gold: Goose Setbacks Don't Change The Re-Rating Story

  • B2Gold: Mali Delivers, And So Does The Quarter

  • BTG Q2 Earnings Miss Estimates, Revenues Rise Y/Y on Metal Prices

  • B2Gold Granted Fekola Regional Exploitation Permit by the State of Mali

  • B2Gold Reports Q2 2026 Results; Strong Operating Performance at the Fekola, Masbate, and Otjikoto Mines led to Higher than Expected Gold Production and Lower than Expected All-In Sustaining Costs; Menankoto Exploitation Permit Expected to be Issued in the Near-Term by the State of Mali

  • B2Gold: A Critical Earnings Report Coming

  • B2Gold Corp $BTG Stock Position Increased by Bank of Nova Scotia

  • 3 Gold Stocks Under $5 With Massive Upside

  • B2Gold Second Quarter 2026 Results – Conference Call Details

  • B2Gold: Big Cash Flow Is Coming - Here's What Has To Go Right First

  • B2Gold (BTG) is a Top-Ranked Value Stock: Should You Buy?