B2Gold Corp. (TSX:BTO)
Canada flag Canada · Delayed Price · Currency is CAD
7.01
-0.04 (-0.57%)
Nov 13, 2026, 4:00 PM EST

B2Gold Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,8383,0611,9021,9341,7331,762
Revenue Growth
53.11%60.95%-1.67%11.64%-1.68%-1.49%
Gross Profit
2,3811,9721,0741,182988.11,147
Operating Income
1,6621,132-243.99453.43523.13709.76
Net Income
1,197401.91-629.8910.1252.87420.07
Earnings Per Share
0.820.28-0.480.010.240.40
EPS Growth
426.77%---96.55%-40.39%-32.44%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Goose Mine
569.02165.65----
Fekola Mine
2,2741,744951.681,1441,0671,024
Otjikoto Mine
555.41685.07486.21417.59280.39338.96
Masbate Mine
900.19687.25464.14372.9384.71398.88
Corporate
-460.63-220.43----
Total
3,8383,0611,9021,9341,7331,762

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
297.07385.29348.54306.9651.95673
Total Debt
546.2598.31437.88192.1357.2375.13
Net Cash (Debt)
-249.14-213.02-89.35114.77594.72597.87
Net Cash Growth
----80.70%-0.53%61.73%
Net Cash Per Share
-0.17-0.14-0.070.090.560.56

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
985.71895.84877.6714.45595.8724.11
Capital Expenditures
-685.85-830.91-901.26-824.86-382.18-278.43
Free Cash Flow
299.8564.93-23.66-110.41213.62445.68
Free Cash Flow Growth
-----52.07%-27.83%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
62.02%64.41%56.45%61.13%57.03%65.11%
Operating Margin
43.31%36.99%-12.83%23.44%30.19%40.27%
Pretax Margin
53.99%31.91%-16.26%16.56%30.63%41.21%
Profit Margin
31.18%13.13%-33.12%0.52%14.59%23.84%
FCF Margin
7.81%2.12%-1.24%-5.71%12.33%25.29%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.1130.0800.1600.1600.1600.160
Dividend Per Share Growth
-0.22%-50.00%0%0%0%45.45%
Dividend Yield
1.61%1.78%6.57%5.05%4.50%4.07%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
6.0514.98-408.6315.109.89
Forward PE
5.894.537.2612.469.058.23
P/FCF Ratio
21.8292.76--17.889.32
PS Ratio
1.701.971.692.132.202.36