B2Gold Corp. (BTG)
NYSEAMERICAN: BTG · Real-Time Price · USD
5.34
+0.07 (1.33%)
Aug 20, 2026, 3:34 PM EDT - Market open

B2Gold Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,7853,0611,9021,9341,7331,762
Revenue Growth
74.23%60.95%-1.67%11.64%-1.68%-1.49%
Gross Profit
2,3911,9721,0741,182988.11,147
Operating Income
1,5591,132-243.99453.43523.13709.76
Net Income
807.17401.91-629.8910.1252.87420.07
Earnings Per Share
0.560.28-0.480.010.240.40
EPS Growth
----96.55%-40.39%-32.44%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Corporate & Other
--220.43----
Goose Project
-165.65----
Otjikoto Mine
606.64685.07486.21417.59280.39338.96
Fekola Mine
2,3651,744951.681,1441,0671,024
Masbate Mine
899.26687.25464.14372.9384.71398.88
Total
3,7853,0611,9021,9341,7331,762

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
290.03385.29348.54306.9651.95673
Total Debt
456.09598.31437.88192.1357.2375.13
Net Cash (Debt)
-166.05-213.02-89.35114.77594.72597.87
Net Cash Growth
----80.70%-0.53%61.73%
Net Cash Per Share
-0.11-0.14-0.070.090.560.56

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
922.69895.84877.6714.45595.8724.11
Capital Expenditures
-753.45-830.91-901.26-824.86-382.18-278.43
Free Cash Flow
169.2464.93-23.66-110.41213.62445.68
Free Cash Flow Growth
-----52.07%-27.83%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
63.16%64.41%56.45%61.13%57.03%65.11%
Operating Margin
41.18%36.99%-12.83%23.44%30.19%40.27%
Pretax Margin
44.56%31.91%-16.26%16.56%30.63%41.21%
Profit Margin
21.33%13.13%-33.12%0.52%14.59%23.84%
FCF Margin
4.47%2.12%-1.24%-5.71%12.33%25.29%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
-20.00%-50.00%0%0%0%45.45%
Dividend Yield
1.50%1.79%6.76%5.54%5.14%4.88%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.6214.98-408.6315.109.89
P/FCF Ratio
41.1392.76--17.889.32
PS Ratio
1.841.971.692.132.202.36