B2Gold
Gold producer operating mines across Mali, Canada, the Philippines and Namibia.
Something off on this page? Send us feedback.
Profile
Markets gold from mines in Mali, Canada, the Philippines and Namibia through bullion dealers and refiners. Revenue reflects gold output and prices, alongside permits and distinct site-level ownership arrangements.
Produces gold through the Fekola, Goose, Masbate and Otjikoto mines in Mali, Canada, the Philippines and Namibia. Ore is refined to market-delivery standards and sold to bullion dealers or refiners at prices generally benchmarked to London gold quotations. Fekola is the largest revenue contributor, while Goose is the first Canadian operating mine.
Executes an acquire-build-operate model by purchasing or developing mineral assets, building mines and conducting exploration. Development avenues include Fekola Regional in Mali, Gramalote in Colombia, the Antelope underground deposit at Otjikoto and further exploration across the Back River district.
Depends on gold prices, reserve replacement, permits, local partners and country-specific mining, tax, environmental, labour and community requirements. Ownership is full at Goose but shared or structured differently at Fekola, Masbate and Otjikoto.
Company facts
Key statistics
Year to date +25.7% · Average volume (30d) 25.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | CIBC | Upgrade | Neutral | Outperform | $7.50 |
| Aug 10, 2026 | Scotiabank | Upgrade | Sector Perform | Outperform | |
| Jul 9, 2026 | RBC Capital | Reiterate | Sector Perform | $5 | |
| Jul 6, 2026 | Jefferies | Target | $6 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.07 | $0.03 | −57.1% | $836.3M | $789.4M | −5.6% | +22.98% |
| May 6, 2026Q1 FY26 | $0.11 | $0.19 | +72.7% | $893.4M | $1.16B | +29.7% | +10.49% |
| Feb 18, 2026Q4 FY25 | $0.20 | $0.11 | −45.0% | $1.14B | $1.05B | −7.8% | −4.83% |
| Nov 5, 2025Q3 FY25 | $0.15 | $0.14 | −6.7% | $1.15B | $774.3M | −32.6% | −5.71% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $532.1M | $692.2M | $782.9M | $1.05B | $1.14B | $769.3M | |
| Gross profit | $237.8M | $351.4M | $390.3M | $551.3M | $601.3M | $300.5M | |
| Operating income | $206.0M | $317.3M | $350.2M | $531.1M | $572.5M | $273.4M | |
| Net income | $57.6M | $154.4M | $19.3M | $170.6M | $197.2M | $406.7M | |
| Diluted EPS | $0.04 | $0.10 | $0.01 | $0.11 | $0.14 | $0.28 | |
| Gross margin | 44.7% | 50.8% | 49.9% | 52.3% | 52.6% | 39.1% | |
| Operating margin | 38.7% | 45.8% | 44.7% | 50.4% | 50.1% | 35.5% |
Fiscal years (4-quarter sums)FY24 $1.90B · FY25 $3.06B
Balance sheet, Jun 30, 2026Cash & short-term investments $289.7M · Total debt $455.5M · Total assets $5.74B · Shareholders' equity $3.97B
Dividends
Last cut to $0.02 from $0.04 in Mar 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jun 23 | $0.02 | |
| Mar 6, 2026 | Mar 6 | Mar 19 | $0.02 | |
| Dec 2, 2025 | Dec 2 | Dec 15 | $0.02 | |
| Sep 10, 2025 | Sep 10 | Sep 23 | $0.02 | |
| Jun 11, 2025 | Jun 11 | Jun 24 | $0.02 | |
| Mar 7, 2025 | Mar 7 | Mar 20 | $0.02 | cut from $0.04 |
| Dec 2, 2024 | Dec 2 | Dec 12 | $0.04 | |
| Sep 10, 2024 | Sep 10 | Sep 23 | $0.04 |
Ownership
Shares outstanding 1.33B · Float 1.25B · 93.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 91.12M | 6.84% | 13F | Aug 14, 2026 |
| Pale Fire Capital SE | 64.56M | 4.85% | 13F | Aug 13, 2026 |
| L1 Capital PTY Ltd | 48.84M | 3.67% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 39.29M | 2.95% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 36.88M | 2.77% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Equinox Gold
Large Americas gold producer competing for gold assets and project capital.
- Alamos Gold
Canadian gold producer competing for mine talent and expansion capital.
- SSR Mining
Gold-focused miner competing for properties, talent and financing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| B2Gold | $5.64 | −0.27% | $7.54B | 10.4 | 6.5 | 2.0 | +14.0% |
| Equinox Gold | $12.95 | −0.27% | $10.25B | 13.0 | 8.8 | 4.0 | +60.8% |
| Alamos Gold | $36.64 | −0.35% | $15.43B | 13.3 | 14.4 | 7.0 | +35.6% |
| SSR Mining | $37.06 | −0.66% | $7.74B | 29.8 | 8.4 | 4.0 | +9.5% |
| Median | 13.3 | 8.8 | 4.0 | +35.6% |