B2Gold Corp.
Price History
Loading chart...
About B2Gold Corp.
B2Gold Corp. (BTG) is a gold mining company. Our project database tracks 11 projects for B2Gold Corp. with technical and economic data extracted from company filings. Its flagship Gramalote Project (Feasibility) carries an after-tax NPV of $941M and an IRR of 22.4% over a 13-year mine life.
Overview
B2Gold Corp. is an international low-cost gold producer with a track record of successful mine development and operations in Mali, Namibia, and the Philippines. Founded in 2007, B2Gold has grown rapidly through exploration success, project development, and strategic acquisitions to become a mid-tier producer. The company is known for building and operating mines efficiently with strong community relationships.
Operations
B2Gold operates the Fekola mine in Mali (one of the world's largest open-pit gold mines with expansion potential), Masbate mine in the Philippines, and Otjikoto mine in Namibia. The company produces approximately 1 million ounces of gold annually at industry-leading cash costs. All three operations have demonstrated strong operational performance and exploration upside potential.
Strategy
The company's strategy focuses on maintaining low-cost production from its operating mines, advancing the Fekola expansion to increase production significantly, exploring aggressively near existing operations and on regional properties, evaluating and advancing development projects including Gramalote, and maintaining financial strength with a strong balance sheet and no debt to fund growth and return capital to shareholders.
Key Projects
Major projects include the Fekola mill expansion and Fekola Regional development in Mali which will significantly increase gold production, the Gramalote copper-gold project in Colombia (50% JV with AngloGold Ashanti), Anaconda area exploration near Fekola with high-grade discoveries, and the Kiaka development project in Burkina Faso. The company maintains one of the most successful exploration programs in the gold sector.
Primary Commodities
Project Economics
Fekola Complex
- Mineral Reserves
- Total Fekola Mine: 75,720 kt @ 1.28 g/t for 3,120 koz Au (Probable); Total Fekola Regional: 64,110 kt @ 1.17 g/t for 2,410 koz Au (Probable)
- Mineral Resources
- Total Fekola Mine: Indicated 75,720 kt @ 1.28 g/t for 3,120 koz Au; Inferred 22,060 kt @ 1.55 g/t for 1,100 koz Au. Total Fekola Regional: Indicated 64,110 kt @ 1.17 g/t for 2,410 koz Au; Inferred 49,760 kt @ 1.23 g/t for 1,970 koz Au
Goose Mine
- Mineral Reserves
- Total Goose & Back River: 17,560 kt @ 7.45 g/t for 4,210 koz Au (Probable)
- Mineral Resources
- Total Goose & Back River: Indicated 17,560 kt @ 7.45 g/t for 4,210 koz Au; Inferred 13,500 kt @ 8.05 g/t for 3,490 koz Au
Masbate Gold Project
- Mineral Reserves
- Masbate Gold Project Probable: 140,920 kt @ 0.70 g/t for 3,180 koz Au
- Mineral Resources
- Masbate Gold Project: Indicated 140,920 kt @ 0.70 g/t for 3,180 koz Au; Inferred 40,160 kt @ 0.72 g/t for 930 koz Au
- Royalties / Streams
- B2Gold holds a 40% interest in Filminera (which owns the majority of the Masbate tenements); 60% owned by Zoom Mineral Holdings Inc. PGPRC (wholly-owned subsidiary) has the right to purchase all ore from the Masbate Gold Project.
Otjikoto Mine
- Mineral Reserves
- Otjikoto Mine Probable: 42,770 kt @ 0.66 g/t for 910 koz Au
- Mineral Resources
- Otjikoto Mine: Indicated 42,770 kt @ 0.66 g/t for 910 koz Au; Inferred 17,190 kt @ 1.73 g/t for 950 koz Au
Fekola Complex (Fekola Mine & Fekola Regional)
- Mineral Reserves
- Total Fekola Mine: Probable 33,800 kt @ 1.68 g/t Au for 1,830 koz Au; Total Fekola Regional: Probable 13,800 kt @ 1.97 g/t Au for 880 koz Au
- Mineral Resources
- Total Fekola Mine: Indicated 75,720 kt @ 1.28 g/t Au for 3,120 koz Au; Inferred 22,060 kt @ 1.55 g/t Au for 1,100 koz Au. Total Fekola Regional: Indicated 64,110 kt @ 1.17 g/t Au for 2,410 koz Au; Inferred 49,760 kt @ 1.23 g/t Au for 1,970 koz Au
Back River Gold District (Regional)
Gramalote Project
- Mineral Reserves
- Probable 76,700 kt @ 0.96 g/t Au for 2,360 koz Au
- Mineral Resources
- Indicated 155,620 kt @ 0.70 g/t Au for 3,520 koz Au; Inferred 120,940 kt @ 0.52 g/t Au for 2,000 koz Au
Antelope Deposit
- Mineral Resources
- Indicated: 400 kt at 5.53 g/t Au for 70 koz Au; Inferred: 3,440 kt at 5.23 g/t Au for 580 koz Au
Antelope Deposit (Otjikoto)
- Mineral Resources
- Indicated Resource Antelope Underground 400 kt @ 5.53 g/t / 70 koz; Inferred 3,440 kt @ 5.23 g/t / 580 koz
Otjikoto Mine – Antelope Deposit
Goose Mine (Back River Gold District)
- Mineral Reserves
- Total Goose & Back River: Probable 10,900 kt @ 6.79 g/t Au for 2,380 koz Au
- Mineral Resources
- Total Goose & Back River: Indicated 17,560 kt @ 7.45 g/t Au for 4,210 koz Au; Inferred 13,500 kt @ 8.05 g/t Au for 3,490 koz Au
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Antelope Deposit (Otjikoto)
2 studies on recordGramalote Project
3 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
Get the full mining dataset, free
Every mining project we track, with its study figures and sources, kept up to date. Sign up and download the data right away.
By signing up, you agree to receive marketing emails from Mining Stocks and to our data license. You can unsubscribe at any time. Privacy policy
Financial Metrics
Loading financial data...
Frequently Asked Questions
- What does B2Gold Corp. mine?
- B2Gold Corp. is focused on Gold.
- What is the economic value of B2Gold Corp.'s Gramalote Project?
- According to its Feasibility, Gramalote Project has an after-tax NPV of $941M and an IRR of 22.4%.
- How many projects does B2Gold Corp. have?
- We track 11 projects with extracted technical and economic data for B2Gold Corp.
Project Analysis
Otjikoto Mine – Antelope Deposit PEA: $131M NPV, 35% IRR
B2Gold Corp.'s Otjikoto Mine – Antelope Deposit in Namibia has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $131M, an after-tax IRR of 35%, and initial capital of $129M. The mine plan runs 5 years at about 65478 oz Au per year.
Antelope Deposit (Otjikoto) PEA: $131M NPV, 35% IRR
B2Gold Corp.'s Antelope Deposit (Otjikoto) in Namibia has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $131M, an after-tax IRR of 35%, and initial capital of $129M. The mine plan runs 5 years at about 65478 oz Au per year.
Gramalote Project Feasibility Study: $941M NPV, 22.4% IRR
B2Gold Corp.'s Gramalote Project in Colombia has a Feasibility Study outlining an after-tax NPV of $941M, an after-tax IRR of 22.4%, and initial capital of $740M. The mine plan runs 13 years at about 177000 oz Au per year.
Antelope Deposit PEA: $131M NPV, 35% IRR
B2Gold Corp.'s Antelope Deposit in Namibia has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $131M, an after-tax IRR of 35%, and initial capital of $129M. The mine plan runs 5 years at about 65478 oz Au per year.
Press Releases
Is B2Gold’s (TSX:BTO) Q1 Beat and Goose Mine Repairs Reframing Its Risk‑Reward Story?
B2Gold Corp. reported Q1 2026 adjusted earnings of US$0.19 per share, supported by strong gold production, higher sales volumes, and reaffirmed full-year production guidance, while also outlining repair and upgrade work at the Goose Mine following a fire. At its June 4, 2026 annual general and special meeting, shareholders overwhelmingly backed all resolutions, including electing Michael Cinnamond to the board and approving auditor and equity plan matters, reinforcing governance support for...
B2Gold Announces Voting Results from its 2026 Annual General and Special Meeting
VANCOUVER, British Columbia, June 05, 2026 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the “Meeting”) held on Thursday, June 4, 2026. A total of 842,480,659 common shares were voted at the Meeting, representing 63.06% of the votes attached to all outstanding common shares. Shareholders voted overwhelmingly in favor of all items of busine
B2Gold (BTG) Down 7.5% Since Last Earnings Report: Can It Rebound?
B2Gold (BTG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
B2Gold Releases its Tenth Annual Responsible Mining Report and its Fifth Annual Climate Strategy Report
VANCOUVER, British Columbia, May 25, 2026 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce that it has published its tenth annual Responsible Mining Report entitled “Raising the Bar” (the “Report”), which details B2Gold's global economic contributions and its environmental, social, and governance management practices, together with the Company's performance against key indicators in 2025. Highlights of the Report are p
Assessing B2Gold (TSX:BTO) Valuation After Recent Share Pullback And Bullish Growth Expectations
Recent share performance and what it might mean for investors B2Gold (TSX:BTO) has seen mixed recent share performance, with the stock down about 0.3% on the day, roughly 10.6% over the past week and about 13.2% over the past 3 months. See our latest analysis for B2Gold. At a recent share price of CA$6.40, B2Gold’s short term share price momentum has softened, even though the 1 year total shareholder return of about 43% points to a much stronger overall experience for long term holders. If...
B2Gold’s Fingold Sale Resets Cash Position And Valuation Debate
B2Gold has completed the sale of a 70% stake in Fingold Ventures to Agnico Eagle Mines Limited. The transaction brings in a significant cash inflow and reshapes the ownership structure of Fingold Ventures. The deal marks a change in how B2Gold and Agnico Eagle Mines are aligned on this asset. B2Gold, traded on the TSX under TSX:BTO, now has a different mix of assets and cash after this Fingold Ventures sale. The company’s shares last closed at CA$6.4, with the stock up 43.0% over the past...
B2Gold Corp. (BTG) Strengthens Balance Sheet with Fingold Ventures Interest Sale
B2Gold Corp. (NYSEAMERICAN:BTG) is one of the best gold stocks under $5. On April 23, B2Gold Corp. (NYSEAMERICAN:BTG) completed the sale of a 70% interest in Fingold Ventures to Agnico Eagle Mines Limited. Under the terms of the agreement, the company is to receive $325 million in cash proceeds. Following the sale, Aurion Resources is […]
Here is Why B2Gold (BTG) is One of the Best Canadian Stocks Under $10
B2Gold Corp. (NYSEAMERICAN:BTG) is one of the best Canadian stocks under $10 to buy now. On May 6, B2Gold started 2026 with strong results, producing 237,763 ounces of gold and generating $362 million in free cash flow. All operating mines exceeded production targets, leading to lower-than-expected costs with an AISC of $1,964 per ounce sold. […]
B2Gold Earnings Beat Estimates in Q1 on Strong Gold Production
BTG Q1 earnings more than double and revenues jump 118% y/y on strong gold output, higher prices and robust sales volumes.
B2Gold Corp (BTG) Q1 2026 Earnings Call Highlights: Strong Financial Performance and Strategic Moves
B2Gold Corp (BTG) reports robust earnings and cash flow, while navigating operational challenges and strategic divestments.
Quick Facts
- Ticker Symbol
- BTG
- Market Cap
- Mid Cap
- Category
- Gold
- Commodities
- Gold
- Headquarters
- Vancouver, Canada
- Founded
- 2007
- Employees
- ~4,500
Operating Countries
Producing Assets
- •Fekola (Mali)
- •Masbate (Philippines)
- •Otjikoto (Namibia)
Development Assets
- •Fekola Expansion (Mali)
- •Gramalote (Colombia)
- •Anaconda (Mali)
- •Kiaka (Burkina Faso)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.