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B2GOLD CORP

BTG Clue Score65
British Columbia, Canada Fiscal year ends December CIK 0001429937
$5.24 -0.19% Close, 12 Oct 2026
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Price $5.24 +43.17% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Operating incomeNet income
Fiscal year 2016Operating income126.3Net income39.1EPS, diluted0.04Fiscal year 2017Operating income86.7Net income56.9 +45.3%EPS, diluted0.06 +50.0%Fiscal year 2018Operating income286.1Net income28.9 −49.1%EPS, diluted0.02 −66.7%Fiscal year 2019Operating income508.0Net income293.4 +913.8%EPS, diluted0.29 +1,350.0%Fiscal year 2020Operating income1,052.9Net income628.1 +114.1%EPS, diluted0.59 +103.4%Fiscal year 2021Operating income713.6Net income420.1 −33.1%EPS, diluted0.40 −32.2%Fiscal year 2022Operating income502.4Net income252.9 −39.8%EPS, diluted0.24 −40.0%Fiscal year 2023Operating income327.4Net income10.1 −96.0%EPS, diluted0.01 −95.8%Fiscal year 2024Operating income−248.3Net income−629.9 −6,338.4%EPS, diluted−0.48 −4,900.0%Fiscal year 2025Operating income1,382.3Net income401.9EPS, diluted0.28
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating income 126.3 86.7 286.1 508.0 1,052.9 713.6 502.4 327.4 −248.3 1,382.3
Net income 39.1 56.9 28.9 293.4 628.1 420.1 252.9 10.1 −629.9 401.9
Growth +45.3% −49.1% +913.8% +114.1% −33.1% −39.8% −96.0% −6,338.4%
EPS, diluted 0.04 0.06 0.02 0.29 0.59 0.40 0.24 0.01 −0.48 0.28
Growth +50.0% −66.7% +1,350.0% +103.4% −32.2% −40.0% −95.8% −4,900.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow411.8Fiscal year 2017Operating cash flow155.0Fiscal year 2018Operating cash flow450.9Dividends paid0.0Fiscal year 2019Operating cash flow492.0Dividends paid−10.3Fiscal year 2020Operating cash flow950.6Dividends paid−115.3Fiscal year 2021Operating cash flow724.1Dividends paid−168.4Fiscal year 2022Operating cash flow595.8Dividends paid−170.6Fiscal year 2023Operating cash flow714.5Dividends paid−186.7Fiscal year 2024Operating cash flow877.6Buybacks0.0Dividends paid−184.6Fiscal year 2025Operating cash flow895.8Buybacks−9.8Dividends paid−103.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 411.8 155.0 450.9 492.0 950.6 724.1 595.8 714.5 877.6 895.8
Buybacks n/a n/a n/a n/a n/a n/a n/a n/a 0.0 −9.8
Dividends paid n/a n/a 0.0 −10.3 −115.3 −168.4 −170.6 −186.7 −184.6 −103.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash144.7Total debt472.8Net cash (debt)−328.2Shareholders’ equity1,445.0Debt to equity0.33Fiscal year 2017Cash147.5Total debt399.6Net cash (debt)−252.1Shareholders’ equity1,552.1Debt to equity0.26Fiscal year 2018Cash102.8Total debt454.5Net cash (debt)−351.8Shareholders’ equity1,610.9Debt to equity0.28Fiscal year 2019Cash140.6Total debt235.8Net cash (debt)−95.2Shareholders’ equity1,990.2Debt to equity0.12Fiscal year 2020Cash479.7Total debt75.9Net cash (debt)403.8Shareholders’ equity2,572.0Debt to equity0.03Fiscal year 2021Cash673.0Total debt49.7Net cash (debt)623.3Shareholders’ equity2,860.3Debt to equity0.02Fiscal year 2022Cash651.9Total debt41.7Net cash (debt)610.2Shareholders’ equity3,008.1Debt to equity0.01Fiscal year 2023Cash306.9Total debt175.9Net cash (debt)131.0Shareholders’ equity3,810.4Debt to equity0.05Fiscal year 2024Cash337.0Total debt421.5Net cash (debt)−84.5Shareholders’ equity2,983.1Debt to equity0.14Fiscal year 2025Cash380.4Total debt564.4Net cash (debt)−184.0Shareholders’ equity3,593.6Debt to equity0.16
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 144.7 147.5 102.8 140.6 479.7 673.0 651.9 306.9 337.0 380.4
Total debt 472.8 399.6 454.5 235.8 75.9 49.7 41.7 175.9 421.5 564.4
Net cash (debt) −328.2 −252.1 −351.8 −95.2 403.8 623.3 610.2 131.0 −84.5 −184.0
Shareholders’ equity 1,445.0 1,552.1 1,610.9 1,990.2 2,572.0 2,860.3 3,008.1 3,810.4 2,983.1 3,593.6
Debt to equity 0.33 0.26 0.28 0.12 0.03 0.02 0.01 0.05 0.14 0.16

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
473.2 488.4 670.7 705.2 830.6 993.7 1,128.3 1,154.3 1,195.8 1,530.5
210.1 150.3 380.7 450.5 958.3 768.6 604.2 780.0 706.2 1,530.8
Growth −28.5% +153.3% +18.3% +112.7% −19.8% −21.4% +29.1% −9.5% +116.8%
40.9 43.6 51.3 54.6 45.6 50.2 54.5 62.4 59.5 67.1
126.3 86.7 286.1 508.0 1,052.9 713.6 502.4 327.4 −248.3 1,382.3
Growth −31.4% +230.2% +77.6% +107.3% −32.2% −29.6% −34.8% −175.8%
68.5 68.9 267.1 482.4 1,034.4 726.2 530.6 320.3 −309.2 976.8
29.9 7.3 132.4 173.5 362.0 265.4 243.9 278.7 317.4 550.1
39.1 56.9 28.9 293.4 628.1 420.1 252.9 10.1 −629.9 401.9
Growth +45.3% −49.1% +913.8% +114.1% −33.1% −39.8% −96.0% −6,338.4%
Per share
0.04 0.06 0.03 0.29 0.60 0.40 0.24 0.01 −0.48 0.30
0.04 0.06 0.02 0.29 0.59 0.40 0.24 0.01 −0.48 0.28
Growth +50.0% −66.7% +1,350.0% +103.4% −32.2% −40.0% −95.8% −4,900.0%
941.7 976.4 986.8 1,014 1,043 1,054 1,064 1,232 1,309 1,325
955.1 991.4 1,047 1,023 1,056 1,062 1,071 1,237 1,309 1,481
Growth +3.8% +5.6% −2.3% +3.3% +0.5% +0.9% +15.5% +5.8% +13.1%

Five years in brief

Worked out from the figures above, not from a press release
  • The diluted share count rose 40.2% in five years, which is dilution.
  • A net loss in 1 of 10 years on file.