B2Gold (BTG) Cash from Operations (2013 - 2026)
B2Gold's Cash from Operations came in at -$78.76 million for the quarter ended Jun 30, 2026, compared with $255.08 million a year earlier.
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Analysis
B2Gold (BTG) Cash from Operations (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, B2Gold reported Cash from Operations of $918.48 million, up 70.6% year-over-year; for the year ended Dec 31, 2025, it came in at $895.84 million, up 2.1% from the prior year.
- Cash from Operations has increased in each of the last three years, though with a five-year compound annual growth rate of -1.2% (years ended Dec 2020 to Dec 2025).
- Going back by year, Cash from Operations was $877.6 million in the year ended Dec 31, 2024 (+22.8%), $714.45 million in the year ended Dec 31, 2023 (+19.9%), $595.8 million in the year ended Dec 31, 2022 (-17.7%) and $724.11 million in the year ended Dec 31, 2021 (-23.8%).
- The figure for the quarter ended Jun 30, 2026 represents the lowest quarterly Cash from Operations in data going back to the quarter ended Mar 31, 2013.
- Year-over-year, Cash from Operations increased in three of the last five quarters, with growth averaging 106.3%.
- The fastest year-over-year change in Cash from Operations over five years came in the quarter ended Jun 30, 2025 (growth of 308.6%), and the weakest in the quarter ended Mar 31, 2025 (a decline of 74.8%).
- Business Quant data shows BTG's Cash from Operations at $539.48 million (quarter ended Mar 31, 2026), $286.36 million (quarter ended Dec 31, 2025) and $171.39 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 1.99 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 2.92 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 256.00 Mn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 2.05 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 2.14 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 1.70 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 1.40 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 961.00 Mn |
| 10 | B2Gold | 6.98 Bn | 7.02 Bn | 308.29 Mn | -78.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -78.76 Mn |
| Mar 31, 2026 | 539.48 Mn |
| Dec 31, 2025 | 286.36 Mn |
| Sep 30, 2025 | 171.39 Mn |
| Jun 30, 2025 | 255.08 Mn |
| Mar 31, 2025 | 178.79 Mn |
| Dec 31, 2024 | 120.54 Mn |
| Sep 30, 2024 | -16.10 Mn |
| Jun 30, 2024 | 62.43 Mn |
| Mar 31, 2024 | 710.73 Mn |
| Dec 31, 2023 | 205.44 Mn |
| Sep 30, 2023 | 110.20 Mn |
| Jun 30, 2023 | 194.98 Mn |
| Mar 31, 2023 | 203.82 Mn |
| Dec 31, 2022 | 270.49 Mn |
| Sep 30, 2022 | 93.12 Mn |
| Jun 30, 2022 | 124.88 Mn |
| Dec 31, 2021 | 266.29 Mn |
| Sep 30, 2021 | 320.28 Mn |
| Jun 30, 2021 | -8.32 Mn |
API Access
B2Gold Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "BTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();