B2Gold (BTG) Beginning Cash Balance (2012 - 2026)

Over the twelve months ended Jun 30, 2026, B2Gold's Beginning Cash Balance came in at $1.54 billion, down 1.7% year-over-year; for the year ended Dec 31, 2025, it was $336.97 million, up 9.8% from the prior year.

• Beginning Cash Balance has a five-year compound annual growth rate of 19.1% (years ended Dec 2020 to Dec 2025).
• By year, Beginning Cash Balance came in at $306.9 million in the year ended Dec 31, 2024 (-52.9%), $651.95 million in the year ended Dec 31, 2023 (-3.1%), $673 million in the year ended Dec 31, 2022 (+40.3%) and $479.69 million in the year ended Dec 31, 2021 (+241.2%).
• The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Beginning Cash Balance since the quarter ended Jun 30, 2024.
• Year over year, Beginning Cash Balance gained in four of the last eight quarters, with growth averaging 1.2%.
• The high point for year-over-year Beginning Cash Balance in five years was the quarter ended Sep 30, 2022 (growth of 53.5%); the low point was the quarter ended Mar 31, 2024 (a decline of 52.9%).
• Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $383.12 million (quarter ended Mar 31, 2026), $367.23 million (quarter ended Dec 31, 2025) and $308.49 million (quarter ended Sep 30, 2025).