BTG
B2Gold Corp.
$3.75
-0.19
(-4.82%)
Mkt Cap
5.25B
Volume
7,639,378
52W Range
3.31-6.29
Sector
Basic Materials
Beta
1.34
EPS (TTM)
0.41
P/E Ratio
9.51
Revenue (TTM)
3.67B
Rev Growth (5Y)
+11.3%
EPS Growth (5Y)
-12.4%
AlphaVal · Fair Value
What we estimate one share is worth
$4.56
Fair Value
weak signal
13.6% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C+
Other Commodity Producers
60.3 / 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 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.14B | 1.05B | 782.95M | 692.21M | 532.11M | 499.79M | 448.23M | 492.57M | 461.44M | 511.97M | 477.89M | 470.85M |
| Net Income | 197.17M | 170.58M | 19.31M | 154.42M | 57.59M | (11.88M) | (633.76M) | (24.00M) | 39.75M | (113.22M) | (43.07M) | 80.42M |
| EPS | 0.15 | 0.13 | 0.01 | 0.12 | 0.04 | -0.01 | -0.48 | -0.02 | 0.03 | -0.09 | -0.03 | 0.06 |
| Free Cash Flow | 359.69M | 127.62M | (80.50M) | 17.13M | (4.81M) | (117.45M) | (230.08M) | (141.68M) | 477.03M | (47.39M) | (98.20M) | 12.97M |
| FCF / Share | 0.27 | 0.10 | -0.06 | 0.01 | -0.00 | -0.09 | -0.18 | -0.11 | 0.37 | -0.04 | -0.08 | 0.01 |
| Operating CF | 523.39M | 289.14M | 160.87M | 255.08M | 174.76M | 120.54M | (16.10M) | 66.06M | 710.73M | 209.13M | 107.67M | 196.39M |
| Total Assets | 5.98B | 5.87B | 5.69B | 5.31B | 5.10B | 4.81B | 4.78B | 5.18B | 5.30B | 4.85B | 4.83B | 4.92B |
| Total Debt | 521.60M | 629.31M | 636.99M | 434.35M | 425.16M | 437.62M | 373.37M | 40.50M | 45.22M | 191.14M | 49.22M | 55.50M |
| Cash & Equiv | 480.97M | 379.73M | 366.87M | 308.49M | 330.14M | 336.77M | 430.43M | 466.77M | 567.81M | 305.32M | 308.09M | 505.33M |
| Book Value | 3.68B | 3.59B | 3.32B | 3.27B | 3.13B | 2.98B | 3.03B | 3.76B | 3.83B | 3.79B | 3.94B | 4.02B |
| Return on Equity | 0.05 | 0.05 | 0.01 | 0.05 | 0.02 | -0.00 | -0.21 | -0.01 | 0.01 | -0.03 | -0.01 | 0.02 |
BTG News
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Zonte Metals Announces Non-Brokered Private Placement