B2Gold (BTG) Invested Capital (2012 - 2026)
B2Gold (BTG) recorded quarterly Invested Capital of $28.8 million in Q1 2026, down 99.38% quarter-over-quarter from $4.6 billion in Q4 2025, and up 5.64% on a YoY basis from $27.2 million in Q1 2025.
B2Gold (BTG) Invested Capital (2012 - 2026) Analysis & Trends
B2Gold's Invested Capital history runs 15 years deep, the most recent figure standing at $28.8 million for Q1 2026.
- In Q1 2026, Invested Capital rose 5.64% year-over-year to $28.8 million; the TTM figure through Mar 2026 stood at $117.4 million (up 54.99% YoY), while the FY2025 annual figure was $4.6 billion, up 34.5% from the prior year.
- Invested Capital was $28.8 million for Q1 2026 at B2Gold, down from $4.6 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $4.6 billion in Q4 2025 to a low of $14.9 million in Q2 2024.
- Historically, Invested Capital has averaged $903.8 million across 5 years, with a median of $21.8 million in 2022.
- The sharpest annual moves came in 2022 and 2025: Invested Capital plunged 99.98% in 2022, then surged 111.38% in 2025.
- A 5-year view of Invested Capital shows it stood at $3.1 billion in 2022, then surged by 30.57% to $4.0 billion in 2023, then dropped by 14.53% to $3.4 billion in 2024, then soared by 34.5% to $4.6 billion in 2025, then plunged by 99.38% to $28.8 million in 2026.
- The last three Invested Capital figures came in at $28.8 million (Q1 2026), $4.6 billion (Q4 2025), and $30.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | 877.07 Mn |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 36.77 Bn |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 9.24 Bn |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 174.40 Mn |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | 11.17 Bn |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 9.10 Bn |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 40.18 Bn |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | 29.10 Mn |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 30.00 Mn |
| 10 | B2Gold | 13.96 Bn | 13.25 Bn | 609.77 Mn | 28.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.75 Mn |
| Dec 31, 2025 | 4.60 Bn |
| Sep 30, 2025 | 30.07 Mn |
| Jun 30, 2025 | 31.41 Mn |
| Mar 31, 2025 | 27.22 Mn |
| Dec 31, 2024 | 3.42 Bn |
| Sep 30, 2024 | 17.29 Mn |
| Jun 30, 2024 | 14.86 Mn |
| Mar 31, 2024 | 16.41 Mn |
| Dec 31, 2023 | 4.00 Bn |
| Sep 30, 2023 | 15.15 Mn |
| Jun 30, 2023 | 16.97 Mn |
| Mar 31, 2023 | 14.87 Mn |
| Dec 31, 2022 | 3.07 Bn |
| Sep 30, 2022 | 19.80 Mn |
| Jun 30, 2022 | 19.31 Mn |
| Mar 31, 2022 | 21.85 Mn |
| Dec 31, 2021 | 2.94 Bn |
| Sep 30, 2021 | 28.78 Mn |
| Jun 30, 2021 | 93.56 Bn |