B2Gold Corp.

B2Gold Corp.

4.74
EUR
-0.11
(-2.31%)
0.49EPS
6.16P/E
4.31BMarket Cap
Nov 04Next Earn
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 (%)
6.96
- -
- -
3.8
3.64
6.42
14.25
25.87
14.96
8.49
1.14
- -
14.94
21.89
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

USD

•

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
6,143
5,882
4,929

Working Capital

USD

•

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

USD

•

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

USD

•

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

USD

•

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

USD

•

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 Cinnamond
Full Time Employees
6,327
Sector
Non-energy minerals
Industry
Precious metals
Address
Park Place Vancouver BC Canada V6C 2X8
IPO Date
Dec 7, 2007
Website
b2gold.com
Business
B2Gold Corp. is a low-cost international senior gold producer focused on the exploration, development, operation and ownership of gold mines and related mineral properties. The company produces gold from its principal operating assets, including the Fekola Mine and Regional in Mali; the Otjikoto Mine in Namibia; and the Masbate Mine in the Philippines; while advancing the Goose Project under construction in northern Canada toward first gold production in mid-2025. It maintains a portfolio of development projects such as Gramalote in Colombia and Kiaka, alongside exploration activities across Africa, Asia, North America and other regions including Finland, Kazakhstan and Cote d'Ivoire. Founded in 2007 and headquartered in Vancouver, British Columbia, Canada, B2Gold operates open-pit and underground gold mines, sells its gold production into global markets and emphasizes responsible mining practices with investments in brownfield, greenfield and grassroots exploration budgeted at $61 million for 2025. Recent developments include renewal of its revolving credit facility in December 2024 to $800 million with an additional $200 million accordion through December 2028; approval in July 2025 from Mali for underground mining at Fekola with initial production in mid-2025; ongoing construction at the Goose Project; and advancement of a feasibility study for the Gramalote Project targeted for mid-2025 completion following positive preliminary economic assessment results; alongside announcement of a normal course issuer bid for share repurchases and record 2024 gold production exceeding one million ounces for the ninth year.

Company News

  • B2Gold's 5-Year Outlook: Capital Discipline, Low Valuation, and Mali Permit Hint at Upside

  • B2Gold Third Quarter 2026 Results – Conference Call Details

  • B2Gold Strengthens Goose Mine Operations With Crushing Upgrades

  • B2Gold Corp. (TSE:BTO) Stock Has Consensus Target Price of C$9.33

  • B2Gold Corp (NYSEAMERICAN:BTG) Receives Consensus Rating of “Buy” from Brokerages

  • B2Gold Targets Goose Ramp-Up, Fekola Growth and Higher Shareholder Returns

  • B2Gold (TSE:BTO) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

  • B2Gold: Mali Said Yes, And The Buybacks Can Now Do The Heavy Lifting

  • Wall Street Bulls Look Optimistic About B2Gold (BTG): Should You Buy?

  • Can Strong Production at Otjikoto Mine Boost B2Gold's Growth?

  • B2Gold Has High Operational Risk, But It Remains An Attractive Option

  • B2Gold: Not The July Bargain, Still A Buy On Leftover Cash-Flow Drivers

  • B2Gold's Great Inflection: Cash Flow Will Follow As Prepay Overhang Is Gone

  • Zonte Grants Stock Options

  • BTG's All-in Sustaining Costs Rise Sharply in Q2: What Lies Ahead?

  • 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