B2Gold (BTG) Free Cash Flow (2013 - 2026)

B2Gold (BTG) posted quarterly Free Cash Flow of $539.5 million for Q1 2026, up 201.74% year-over-year from $178.8 million in Q1 2025, and up 88.39% on a QoQ basis from $286.4 million in Q4 2025.

B2Gold (BTG) Free Cash Flow (2013 - 2026) Analysis & Trends

B2Gold (BTG) has reported Free Cash Flow for 14 consecutive years, with $539.5 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Free Cash Flow rose 201.74% year-over-year to $539.5 million; the TTM figure through Mar 2026 stood at $1.1 billion (up 198.79% YoY), while the FY2025 annual figure was $854.7 million, up 135.98% from the prior year.
  • Free Cash Flow came in at $539.5 million for Q1 2026 at B2Gold, up from $286.4 million in the prior quarter.
  • The five-year high for Free Cash Flow was $710.7 million in Q1 2024, with the low at $62.4 million in Q2 2024.
  • Average Free Cash Flow over 5 years is $230.9 million, with a median of $195.0 million recorded in 2023.
  • The largest YoY upside for Free Cash Flow was 308.57% in 2025 against a maximum downside of 74.84% in 2025.
  • Year by year, Free Cash Flow stood at $270.5 million in 2022, then declined by 24.05% to $205.4 million in 2023, then sank by 41.32% to $120.5 million in 2024, then soared by 137.56% to $286.4 million in 2025, then jumped by 88.39% to $539.5 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $539.5 million, $286.4 million, and $255.1 million for Q1 2026, Q4 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 3.53 Bn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 20.23 Mn
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 3.14 Bn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn 71.86 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 765.82 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn 44.11 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 520.60 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 1.25 Bn
10 B2Gold 5.12 Bn 5.16 Bn 609.77 Mn 539.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 539.48 Mn
Mar 31, 2026 539.48 Mn
Dec 31, 2025 286.36 Mn
Dec 31, 2025 286.36 Mn
Jun 30, 2025 255.08 Mn
Jun 30, 2025 255.08 Mn
Mar 31, 2025 178.79 Mn
Mar 31, 2025 178.79 Mn
Dec 31, 2024 120.54 Mn
Dec 31, 2024 120.54 Mn
Jun 30, 2024 62.43 Mn
Jun 30, 2024 62.43 Mn
Mar 31, 2024 710.73 Mn
Mar 31, 2024 710.73 Mn
Dec 31, 2023 205.44 Mn
Dec 31, 2023 205.44 Mn
Sep 30, 2023 110.20 Mn
Sep 30, 2023 110.20 Mn
Jun 30, 2023 194.98 Mn
Jun 30, 2023 194.98 Mn