BTG
B2Gold Corp.
$5.38
+0.02
(+0.37%)
Mkt Cap
7.11B
Volume
16,064,377
52W Range
3.57-6.29
Sector
Basic Materials
Beta
1.35
EPS (TTM)
0.60 USD
P/E Ratio
8.83
Revenue (TTM)
3.75B USD
Rev Growth (5Y)
+11.3%
EPS Growth (5Y)
-12.4%
AlphaVal · Fair Value
What we estimate one share is worth
$4.32
Overvalued
moderate signal
23.4% above fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C+
Other Commodity Producers
61.2 / 100 composite
A commodity producer — graded A–F vs. similar companies.
Company Description
B2Gold Corp. operates as a prominent gold mining enterprise, currently running three active production sites across different continents. Its primary operational mines include the Fekola Mine in Mali, the Masbate Mine situated in the Philippines, and the Otjikoto Mine located in Namibia. In addition to its wholly-owned assets, the company holds a 25% ownership stake in Calibre Mining Corp. and an approximate 19% interest in BeMetals Corp. Furthermore, B2Gold manages a diverse collection of evaluation and exploration assets spread across Mali, Uzbekistan, and Finland. The company, which was founded in 2006, bases its corporate headquarters in Vancouver, Canada.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.06B | 1.90B | 1.93B | 1.73B | 1.76B | 1.79B | 1.16B | 1.23B | 638.68M | 683.29M | 553.66M | 486.62M |
| Net Income | 401.91M | (629.89M) | 10.10M | 252.87M | 420.06M | 628.06M | 293.38M | 28.94M | 56.85M | 39.13M | (149.95M) | (665.27M) |
| EPS | 0.31 | -0.48 | 0.01 | 0.24 | 0.40 | 0.60 | 0.29 | 0.03 | 0.06 | 0.04 | -0.16 | -0.90 |
| Free Cash Flow | 66.38M | (23.66M) | 638.09M | 300.50M | 467.53M | 667.28M | 213.29M | 179.27M | (217.40M) | 60.86M | (35.00M) | (130.52M) |
| FCF / Share | 0.05 | -0.02 | 0.52 | 0.28 | 0.44 | 0.64 | 0.21 | 0.17 | -0.22 | 0.06 | -0.04 | -0.18 |
| Operating CF | 892.75M | 877.60M | 714.45M | 567.91M | 711.56M | 987.76M | 480.52M | 450.87M | 155.00M | 411.81M | 175.40M | 113.70M |
| Total Assets | 5.87B | 4.81B | 4.85B | 3.68B | 3.56B | 3.36B | 2.68B | 2.55B | 2.69B | 2.34B | 2.02B | 2.12B |
| Total Debt | 629.31M | 437.62M | 191.14M | 57.20M | 75.03M | 110.02M | 261.85M | 479.54M | 702.18M | 486.78M | 463.19M | 379.29M |
| Cash & Equiv | 379.73M | 336.77M | 305.32M | 651.65M | 672.09M | 479.69M | 140.60M | 102.75M | 147.47M | 144.67M | 85.14M | 132.56M |
| Book Value | 3.59B | 2.98B | 3.79B | 3.01B | 2.86B | 2.57B | 1.99B | 1.61B | 1.55B | 1.44B | 1.30B | 1.47B |
| Return on Equity | 0.11 | -0.21 | 0.00 | 0.08 | 0.15 | 0.24 | 0.15 | 0.02 | 0.04 | 0.03 | -0.12 | -0.45 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 769.31M | 1.14B | 1.05B | 782.95M | 692.21M | 532.11M | 499.79M | 448.23M | 492.57M | 461.44M | 511.97M | 477.89M |
| Net Income | 406.74M | 197.17M | 170.58M | 19.31M | 154.42M | 57.59M | (11.88M) | (633.76M) | (24.00M) | 39.75M | (113.22M) | (43.07M) |
| EPS | 0.31 | 0.15 | 0.13 | 0.01 | 0.12 | 0.04 | -0.01 | -0.48 | -0.02 | 0.03 | -0.09 | -0.03 |
| Free Cash Flow | (237.30M) | 359.69M | 127.62M | (80.50M) | 17.13M | (4.81M) | (117.45M) | (230.08M) | (141.68M) | 477.03M | (47.39M) | (98.20M) |
| FCF / Share | -0.18 | 0.27 | 0.10 | -0.06 | 0.01 | -0.00 | -0.09 | -0.18 | -0.11 | 0.37 | -0.04 | -0.08 |
| Operating CF | (75.58M) | 523.39M | 289.14M | 160.87M | 255.08M | 174.76M | 120.54M | (16.10M) | 66.06M | 710.73M | 209.13M | 107.67M |
| Total Assets | 5.74B | 5.98B | 5.87B | 5.69B | 5.31B | 5.10B | 4.81B | 4.78B | 5.18B | 5.30B | 4.85B | 4.83B |
| Total Debt | 455.54M | 521.60M | 629.31M | 636.99M | 434.35M | 425.16M | 437.62M | 373.37M | 40.50M | 45.22M | 191.14M | 49.22M |
| Cash & Equiv | 286.23M | 480.97M | 379.73M | 366.87M | 308.49M | 330.14M | 336.77M | 430.43M | 466.77M | 567.81M | 305.32M | 308.09M |
| Book Value | 3.97B | 3.68B | 3.59B | 3.32B | 3.27B | 3.13B | 2.98B | 3.03B | 3.76B | 3.83B | 3.79B | 3.94B |
| Return on Equity | 0.10 | 0.05 | 0.05 | 0.01 | 0.05 | 0.02 | -0.00 | -0.21 | -0.01 | 0.01 | -0.03 | -0.01 |
BTG 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