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B2Gold
(TSX:BTO)
B2Gold (BTO) vs. iShares MSCI Canada ETF (EWC)
B2Gold Business Overview & Revenue Model
B2Gold Earnings Call Summary
B2Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.17B | 1.90B | 1.93B | 1.73B | 1.76B | 1.79B |
| Gross Profit | 897.98M | 706.20M | 1.18B | 604.24M | 768.55M | 958.29M |
| EBITDA | 268.82M | 93.03M | 736.63M | 925.31M | 1.08B | 1.35B |
| Net Income | -433.63M | -629.89M | 10.10M | 252.87M | 420.06M | 628.06M |
Balance Sheet | ||||||
| Total Assets | 5.31B | 4.81B | 4.87B | 3.68B | 3.56B | 3.36B |
| Cash, Cash Equivalents and Short-Term Investments | 310.31M | 348.54M | 306.89M | 651.95M | 673.00M | 479.69M |
| Total Debt | 434.35M | 427.86M | 220.96M | 90.48M | 75.13M | 110.02M |
| Total Liabilities | 1.99B | 1.78B | 964.64M | 569.44M | 600.29M | 701.79M |
| Stockholders Equity | 3.27B | 2.98B | 3.81B | 3.01B | 2.86B | 2.57B |
Cash Flow | ||||||
| Free Cash Flow | -92.58M | 860.74M | 638.09M | 205.47M | 421.79M | 598.07M |
| Operating Cash Flow | 538.31M | 877.60M | 714.45M | 595.80M | 724.11M | 950.64M |
| Investing Cash Flow | -846.83M | -763.30M | -845.34M | -388.78M | -286.28M | -337.96M |
| Financing Cash Flow | 156.20M | -69.07M | -192.51M | -211.28M | -234.23M | -278.87M |
B2Gold Technical Analysis
B2Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | 8.00B | 14.20 | 10.02% | ― | 46.99% | 144.05% | |
76 Outperform | 9.66B | 87.52 | 6.47% | 0.53% | 18.24% | 0.00% | |
73 Outperform | 9.53B | 8.58 | 23.26% | ― | 63.67% | 466.20% | |
62 Neutral | $8.71B | ― | -12.34% | 2.05% | 15.08% | -204.35% | |
62 Neutral | 7.81B | 90.21 | 0.00% | ― | 0.00% | 0.00% | |
57 Neutral | 4.89B | 153.06 | 5.14% | ― | 123.03% | 0.00% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
B2Gold Corporate Events
B2Gold Corp. reported strong operational and financial results for Q2 2025, with gold production exceeding expectations at 229,454 ounces and lower cash operating costs of $745 per ounce. The company achieved its inaugural gold pour at the Goose Mine and received approval for underground mining at Fekola, positioning itself for continued growth. The positive feasibility study for the Gramalote Project in Colombia indicates promising future production, enhancing B2Gold’s industry positioning and potential stakeholder benefits.
The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.
B2Gold Corp. has received approval from the State of Mali to commence underground mining operations at the Fekola Mine, a significant step for the company’s production growth in the region. The Fekola Complex, partially owned by the State of Mali, is expected to see a substantial increase in gold production, with the underground operations contributing 25,000 to 35,000 ounces in 2025 and ramping up in subsequent years. Additionally, the development of the Fekola Regional area is anticipated to further enhance production, contributing approximately 180,000 ounces annually from 2026 to 2029, and extending the mine’s life well into the 2030s. This strategic development underscores B2Gold’s commitment to expanding its operations and strengthening its position in the gold mining industry.
The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.
B2Gold Corp. is set to release its second quarter 2025 financial results on August 7, 2025, after the North American markets close. The company will host a conference call on August 8, 2025, to discuss these results, providing stakeholders with insights into its financial performance and operational strategies. This announcement is significant for stakeholders as it offers an opportunity to assess B2Gold’s market positioning and future prospects in the gold production industry.
The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$8.25 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.
B2Gold announced positive feasibility study results for its Gramalote Project in Colombia, projecting significant gold production and strong economic returns. The study highlights an after-tax NPV of $941 million at a $2,500/oz gold price, with a 22.4% IRR, and emphasizes the project’s robust drilling and engineering studies, which reduce development risks. The project benefits from local community and government support, with necessary permits in place, though modifications are needed for the medium-scale project.
The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.
B2Gold Corp. has successfully poured its first gold at the Goose Mine, marking its first Canadian operating asset and the fourth in its global portfolio. This milestone signifies a significant step in diversifying and enhancing the company’s production capabilities. The Goose Mine, part of the Back River Gold District in Nunavut, Canada, is expected to ramp up to commercial production by the third quarter of 2025, with an estimated annual production of 300,000 ounces over the next six years. The company emphasizes collaboration with the Kitikmeot Inuit Association to ensure socio-economic benefits for the region. B2Gold’s exploration efforts continue to show promise, with significant potential across the Back River Gold District.
The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.
B2Gold Corp. has announced details for its 2025 Annual General and Special Meeting of Shareholders, scheduled for June 19, 2025, in Vancouver and online. The company has received support from leading proxy advisory firms, Glass Lewis and Institutional Shareholder Services, recommending shareholders vote in favor of all proposed items, including setting the number of directors, electing directors, appointing an auditor, and a non-binding advisory vote on executive compensation. The meeting will also feature a presentation on B2Gold’s 2024 performance and a corporate update for the first half of 2025, followed by a Q&A session.
The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.
B2Gold Corp. has released its ninth annual Responsible Mining Report and its fourth annual Climate Strategy Update, highlighting its commitment to ESG practices and climate risk management. In 2024, B2Gold achieved a total consolidated gold production of 804,778 ounces, generated $1.9 billion in revenue, and invested significantly in local communities and national employment. The company’s focus on local procurement and diversity initiatives underscores its dedication to sustainable and inclusive growth, aiming to create long-term value for stakeholders while maintaining high standards of operational excellence.
The most recent analyst rating on (TSE:BTO) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on B2Gold stock, see the TSE:BTO Stock Forecast page.