B2Gold (BTG) Invested Capital (2012 - 2026)

B2Gold (BTG) posted quarterly Invested Capital of $3.7 billion for Q1 2026, up 16.87% year-over-year from $3.2 billion in Q1 2025, and down 19.51% on a QoQ basis from $4.6 billion in Q4 2025.

B2Gold (BTG) Invested Capital (2012 - 2026) Analysis & Trends

B2Gold (BTG) has reported Invested Capital for 15 consecutive years, with $3.7 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Invested Capital rose 16.87% year-over-year to $3.7 billion; the TTM figure through Mar 2026 stood at $3.7 billion (up 16.87% YoY), while the FY2025 annual figure was $4.6 billion, up 35.9% from the prior year.
  • Invested Capital came in at $3.7 billion for Q1 2026 at B2Gold, down from $4.6 billion in the prior quarter.
  • The five-year high for Invested Capital was $4.6 billion in Q4 2025, with the low at $3.0 billion in Q3 2022.
  • Average Invested Capital over 5 years is $3.5 billion, with a median of $3.4 billion recorded in 2025.
  • Across the five-year window, Invested Capital surged 37.76% in 2023 and dropped 21.43% in 2024, its largest moves.
  • Year by year, Invested Capital stood at $3.1 billion in 2022, then surged by 30.57% to $4.0 billion in 2023, then retreated by 14.53% to $3.4 billion in 2024, then surged by 35.9% to $4.6 billion in 2025, then dropped by 19.51% to $3.7 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $3.7 billion, $4.6 billion, and $3.4 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 36.77 Bn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 540,000.00
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 40.18 Bn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 9.26 Bn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 8.11 Bn
8 Gold Fields 30.19 Bn 28.41 Bn - 11.17 Bn
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 9.10 Bn
10 B2Gold 5.12 Bn 5.16 Bn 609.77 Mn 3.74 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.74 Bn
Dec 31, 2025 4.65 Bn
Sep 30, 2025 3.40 Bn
Jun 30, 2025 3.35 Bn
Mar 31, 2025 3.20 Bn
Dec 31, 2024 3.42 Bn
Sep 30, 2024 3.21 Bn
Jun 30, 2024 3.86 Bn
Mar 31, 2024 3.95 Bn
Dec 31, 2023 4.00 Bn
Sep 30, 2023 4.08 Bn
Jun 30, 2023 4.16 Bn
Mar 31, 2023 3.18 Bn
Dec 31, 2022 3.07 Bn
Sep 30, 2022 2.99 Bn
Jun 30, 2022 3.02 Bn
Mar 31, 2022 3.04 Bn
Dec 31, 2021 2.94 Bn
Sep 30, 2021 3.43 Bn
Jun 30, 2021 3.33 Bn