B2Gold (BTG) Inventory (2012 - 2026)
B2Gold's Inventory was $713.57 million in Q3 2026, compared with -$74.32 million a year earlier and up 2.4% from the prior quarter.
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Analysis
B2Gold (BTG) Inventory (2012 - 2026) Analysis & Trends
At the end of FY2025, Inventory at B2Gold came in at $627.23 million, up 31.3% from FY2024.
- Inventory has now increased for six consecutive years, with a five-year compound annual growth rate of 21.4% (FY2020 to FY2025).
- In earlier years, Inventory was $477.59 million in FY2024 (+37.8%), $346.5 million in FY2023 (+4.4%), $332.03 million in FY2022 (+21.9%) and $272.35 million in FY2021 (+14.4%).
- The Q3 2026 figure marks the highest quarterly Inventory in data going back to Q4 2012.
- The best year-over-year quarter for Inventory over five years was Q1 2025 (growth of 57.8%); the worst was Q1 2024 (a decline of 3.1%).
- Per Business Quant data, BTG's Inventory in the three quarters before Q3 2026 was $696.87 million (Q2 2026), $663.37 million (Q1 2026) and $627.23 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | 7.73 Bn |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn | 1.06 Bn |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - | 7.73 Bn |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn | 1.59 Bn |
| 5 | Ternium | 100.63 Bn | 93.91 Bn | - | 4.09 Bn |
| 6 | Agnico Eagle Mines | 97.48 Bn | 92.69 Bn | - | 1.70 Bn |
| 7 | Freeport-Mcmoran | 88.12 Bn | 72.16 Bn | 2.19 Bn | - |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn | 2.09 Bn |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn | 6.02 Bn |
| 10 | B2Gold | 7.22 Bn | 5.54 Bn | - | 627.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 713.57 Mn |
| 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 |
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();