B2Gold (BTG) Inventory (2012 - 2026)
B2Gold's Inventory was $696.87 million in the quarter ended Jun 30, 2026, up 24.2% from $561.12 million a year earlier and up 5.1% from the prior quarter.
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Analysis
B2Gold (BTG) Inventory (2012 - 2026) Analysis & Trends
As of Dec 31, 2025, Inventory at B2Gold came in at $627.23 million, up 31.3% from the prior year.
- Inventory has now increased for six consecutive years, with a five-year compound annual growth rate of 21.4% (years ended Dec 2020 to Dec 2025).
- In earlier years, Inventory was $477.59 million in the year ended Dec 31, 2024 (+37.8%), $346.5 million in the year ended Dec 31, 2023 (+4.4%), $332.03 million in the year ended Dec 31, 2022 (+21.9%) and $272.35 million in the year ended Dec 31, 2021 (+14.4%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Inventory in data going back to the quarter ended Dec 31, 2012.
- Compared with a year earlier, Inventory has increased for nine straight quarters, with growth averaging 36.5% over the last eight quarters.
- The best year-over-year quarter for Inventory over five years was the quarter ended Sep 30, 2025 (growth of 58.3%); the worst was the quarter ended Mar 31, 2024 (a decline of 3.1%).
- Per Business Quant data, BTG's Inventory in the three quarters before the quarter ended Jun 30, 2026 was $663.37 million (quarter ended Mar 31, 2026), $627.23 million (quarter ended Dec 31, 2025) and $598.54 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | 7.73 Bn |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | 1.06 Bn |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | 6.97 Bn |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | 1.48 Bn |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | - |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | 1.62 Bn |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | 2.09 Bn |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | 6.02 Bn |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | 19.28 Bn |
| 10 | B2Gold | 6.89 Bn | 5.37 Bn | 308.29 Mn | 696.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 696.87 Mn |
| Mar 31, 2026 | 663.37 Mn |
| Dec 31, 2025 | 627.23 Mn |
| Sep 30, 2025 | 598.54 Mn |
| Jun 30, 2025 | 561.12 Mn |
| Mar 31, 2025 | 535.64 Mn |
| Dec 31, 2024 | 477.59 Mn |
| Sep 30, 2024 | 378.12 Mn |
| Jun 30, 2024 | 376.82 Mn |
| Mar 31, 2024 | 339.35 Mn |
| Dec 31, 2023 | 346.50 Mn |
| Sep 30, 2023 | 343.63 Mn |
| Jun 30, 2023 | 339.10 Mn |
| Mar 31, 2023 | 350.20 Mn |
| Dec 31, 2022 | 332.03 Mn |
| Sep 30, 2022 | 293.79 Mn |
| Jun 30, 2022 | 300.20 Mn |
| Mar 31, 2022 | -6.83 Mn |
| Dec 31, 2021 | 272.35 Mn |
| Sep 30, 2021 | 269.80 Mn |
API Access
B2Gold Inventory 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=inventory&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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=inventory&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();