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Home CompaniesB2Gold Corp

B2Gold Corp

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
7.73 CAD 0.19 ( 2.52%)
Last update at 2026-09-25T20:00:00Z
VOLUME
3230610
Market Cap
8677.35M
P/E
17.00

Momentum Score

…

B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
7.51
Low
7.79
High
52 Week Price Range
3.93
Low
8.57
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

B2Gold is a mid-tier gold producer that develops and operates mines and projects across multiple countries. Long-term growth drivers include exposure to the gold price, an active exploration and development pipeline, potential production growth from existing assets and selective acquisitions, and cost control that may support cash generation.
Primary investment risks include country, regulatory and security exposure in operating jurisdictions and execution risk on development projects, with sensitivity to gold price swings that could affect cash flow.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
7.54
Dividend Yield
1.18%
Revenue TTM
3061.24M
Revenue Per Share
2.31
Gross Profit TTM
1971.61M
Debt / Equity
0.18
ROE
12.78%
Net Debt
249.57M
ROCE
29.87%
Diluted EPS TTM
0.38

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 993.90M -309.22M 320.33M 530.62M 726.23M
Minority interest -24.79M -3.24M -31.49M -33.85M -40.76M
Net income 408.94M -629.89M 10.10M 252.87M 420.06M
Selling general administrative 106.43M 59.48M 62.36M 79.32M 75.83M
Selling and marketing expenses - 35.62M 29.59M - -
Gross profit 1557.58M 1073.60M 1182.37M 604.24M 768.55M
Reconciled depreciation 440.83M 367.41M 402.37M 383.85M 378.89M
Ebit 1436.56M 565.20M 453.43M 162.95M 714.63M
Ebitda 1885.10M 926.24M 869.71M 546.80M 1081.90M
Depreciation and amortization 448.55M 361.04M 416.28M 383.85M 367.26M
Operating income 1436.56M -248.33M 327.40M 162.95M 714.63M
Other operating expenses 1678.27M 2150.36M 1606.88M 1216.06M 1075.82M
Interest expense 38.36M 34.85M 13.93M 10.84M 11.80M
Tax provision 550.10M 317.43M 278.75M 243.89M 265.40M
Interest income 292.05M 16.95M 18.52M 20.09M 12.57M
Net interest income -25.25M -14.11M 4.59M 1.12M -11.80M
Income tax expense 559.73M 317.43M 278.75M 243.89M 265.40M
Total revenue 3114.83M 1902.03M 1934.27M 1732.59M 1762.26M
Total operating expenses 121.02M 1321.93M 854.98M 87.72M 82.11M
Cost of revenue 1557.25M 828.43M 751.90M 1128.35M 993.71M
Total other income expense net -442.66M -60.90M -7.06M 367.66M 11.59M
Net income from continuing ops 426.70M -626.65M 41.59M 286.72M 460.82M
Net income applicable to common shares 401.91M -629.89M 10.10M 252.87M 420.06M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 5868.62M 4814.00M 4874.62M 3681.23M 3561.29M
Other current assets 26.68M - 19.65M 21.88M 36.97M
Total liab 2233.73M 1778.30M 964.64M 569.44M 600.29M
Total stockholder equity 3587.03M 2983.07M 3810.38M 3008.13M 2860.29M
Deferred long term liab - - - 6.71M 8.96M
Other current liab 851.03M 24.41M 6.37M 103.31M 94.06M
Common stock 3600.44M - 3454.81M 2487.62M 2422.18M
Capital stock 3607.01M 3510.27M 3454.81M 2487.62M 2422.18M
Retained earnings -220.21M -515.62M 395.85M 588.14M 507.38M
Other liab - - - 294.12M 319.37M
Other assets 329.02M - - 93.00M 146.99M
Cash 379.73M 336.97M 306.89M 651.95M 673.00M
Cash and equivalents 380.42M - - 651.95M 673.00M
Total current liabilities 1059.32M 580.69M 313.47M 233.62M 231.19M
Current deferred revenue - - 123.73M - -
Net debt 249.57M 61.60M -114.77M -594.72M -597.87M
Short term debt 33.81M - 16.26M 15.52M 25.41M
Short long term debt 13.80M - - 15.52M 25.41M
Short long term debt total 629.31M - 192.12M 57.23M 75.13M
Other stockholder equity 150.94M - 84.97M 78.23M 67.03M
Property plant equipment 3760.34M - - 2274.73M 2231.83M
Total current assets 1127.62M 901.79M 710.73M 1035.17M 1046.12M
Long term investments 384.25M 168.13M 220.10M 151.91M 136.35M
Net tangible assets - - - 3008.13M 2860.29M
Short term investments 4.86M 11.56M - - -
Net receivables 90.26M - 37.69M 51.19M 63.80M
Long term debt 532.30M 398.57M 151.97M 13.36M 25.16M
Inventory 626.08M 477.59M 346.50M 332.03M 272.35M
Accounts payable 174.48M 156.35M 167.12M 114.79M 111.72M
Accumulated other comprehensive income 55.85M - -125.26M -145.87M -136.30M
Non currrent assets other 452.87M 194.02M 157.94M 219.42M 145.54M
Non current assets total 4741.00M 3912.21M 4163.89M 2646.06M 2515.18M
Capital lease obligations 52.21M 29.29M 28.84M 33.25M 28.86M
Long term debt total 564.44M - - 41.71M 49.73M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -15.94M -763.30M -678.55M -388.78M -29.83M
Change to liabilities - - - 1.19M 12.08M
Total cashflows from investing activities -908.37M -726.65M -859.05M -388.78M -286.28M
Net borrowings 177.16M 240.21M 130.51M -25.75M -27.37M
Total cash from financing activities 78.44M -54.67M -190.98M -211.28M -234.23M
Change to operating activities - - - -64.07M -50.13M
Net income 408.94M -599.65M 10.26M 286.72M 460.82M
Change in cash 26.82M 55.56M -360.41M -21.05M 193.31M
Begin period cash flow 352.91M 281.21M 665.10M 673.00M 479.69M
End period cash flow 379.73M 336.77M 304.69M 651.95M 673.00M
Total cash from operating activities 892.75M 824.38M 721.38M 595.80M 724.11M
Issuance of capital stock 13.92M 10.07M 0.00M - -
Depreciation 448.55M 349.77M 408.90M 383.85M 378.89M
Other cashflows from investing activities 1.78M -2.70M -21.11M 9.28M -9.70M
Dividends paid 105.25M -175.77M -189.75M 170.63M 168.37M
Change to inventory -85.10M -124.08M -24.73M -50.27M -24.04M
Change to account receivables -15.31M -2.30M -10.66M -3.92M 0.57M
Sale purchase of stock -10.02M 13.20M 12.85M 14.28M 6.43M
Other cashflows from financing activities -90.41M -122.31M -149.85M -11.83M -29.80M
Change to netincome - - - 60.21M 29.63M
Capital expenditures 826.37M 824.19M 746.75M 390.33M 302.32M
Change in working capital -45.40M -269.20M -121.74M -116.08M -105.92M
Stock based compensation 22.93M 24.34M 20.92M 24.68M 22.57M
Other non cash items 227.74M 1345.65M 435.49M 20.54M -26.98M
Free cash flow 66.38M 0.19M -25.37M 205.47M 421.79M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BTO
B2Gold Corp		 0.19
2.52%		 7.73 17.00 6.00 2.83 1.82 2.22 4.68
AEM
Agnico Eagle Mines Limited		 1.19
0.43%		 275.10 24.22 15.85 11.68 4.34 8.85 12.58
ABX
Barrick Gold Corp		 0.89
1.49%		 60.70 14.39 10.63 5.80 2.63 4.04 6.19
WPM
Wheaton Precious Metals Corp		 -1.41
0.69%		 202.12 43.69 24.75 38.06 7.39 27.40 31.65
FNV
Franco-Nevada Corporation		 -2.52
0.69%		 364.66 42.91 30.30 36.18 6.45 26.79 28.34

Profile*

B2Gold Corp

B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

Park Place, Vancouver, BC, Canada, V6C 2X8

604 681 8371

https://www.b2gold.com

Name Title Year Born
Mr. Clive Thomas Johnson Pres, CEO & Director 1958
Mr. Michael Andrew Cinnamond CPA, L.L.B. Sr. VP of Fin. & CFO 1967
Mr. William Lytle B.Sc., M.Sc., P.E. Sr. VP of Operations & COO NA
Mr. Dennis Robert Stansbury Sr. VP of Engineering & Project Evaluations 1953
Mr. Brian Scott B.Sc., P. Geo, P.Geo. VP of Geology & Technical Services NA
Mr. Michael McDonald VP of Investor Relations & Corp. Devel. NA
Mr. Randall Chatwin J.D. Sr. VP of Legal & Corp. Communications NA
Ms. Ninette Krohnert VP of HR NA
Kevin Pemberton P.E. Chief Mine Planning Engineer NA
Mr. Mark Dawe Managing Director and Country Mang. of Namibia NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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