B2Gold Corp. (BTG)
NYSEAMERICAN: BTG · Real-Time Price · USD
3.755
-0.095 (-2.47%)
Jul 31, 2026, 1:49 PM EDT - Market open

B2Gold Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,6883,0611,9021,9341,7331,762
Revenue Growth
86.94%60.95%-1.67%11.64%-1.68%-1.49%
Gross Profit
1,9031,531706.2780604.24768.55
Operating Income
1,7411,382-248.33327.4502.4713.59
Net Income
544.26401.91-629.8910.1252.87420.07
Earnings Per Share
0.360.28-0.480.010.240.40
EPS Growth
----95.83%-40.00%-32.20%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Masbate Mine
787.18687.25464.14372.9384.71398.88
Fekola Mine
2,2241,744951.681,1441,0671,024
Goose Project
-165.65----
Otjikoto Mine
692.12685.07486.21417.59280.39338.96
Corporate & Other
--220.43----
Total
3,6883,0611,9021,9341,7331,762

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
479.39380.42336.97306.9651.95673
Total Debt
519.89598.31437.88192.1357.2375.13
Net Cash (Debt)
-40.49-217.89-100.91114.77594.72597.87
Net Cash Growth
----80.70%-0.53%61.73%
Net Cash Per Share
-0.03-0.15-0.080.090.560.56

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,257895.84877.6714.45595.8724.11
Capital Expenditures
-854.8-913.51-971.02-810.85-342.07-302.32
Free Cash Flow
401.73-17.67-93.42-96.39253.73421.79
Free Cash Flow Growth
-----39.85%-29.47%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
51.60%50.01%37.13%40.33%34.88%43.61%
Operating Margin
47.21%45.15%-13.06%16.93%29.00%40.49%
Pretax Margin
36.50%31.91%-16.26%16.56%30.63%41.21%
Profit Margin
15.45%13.94%-32.95%2.15%16.55%26.15%
FCF Margin
10.89%-0.58%-4.91%-4.98%14.64%23.93%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.0800.0800.1600.1600.1600.160
Dividend Per Share Growth
-33.33%-50.00%0%0%0%45.45%
Dividend Yield
2.13%1.73%5.78%4.80%4.49%4.07%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
9.4216.11-316.0014.889.82
P/FCF Ratio
11.75---15.129.84
PS Ratio
1.391.981.692.132.212.36