B2Gold (BTG) Invested Capital (2013 - 2026)
B2Gold's Invested Capital was $4.03 billion in the quarter ended Jun 30, 2026, up 955.0% from $382.43 million a year earlier but down 2.1% from the prior quarter.
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Analysis
B2Gold (BTG) Invested Capital (2013 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Invested Capital at B2Gold came in at $4.21 billion, up 21.1% from the prior year.
- Invested Capital shows a five-year compound annual growth rate of 8.7% (years ended Dec 2020 to Dec 2025).
- In earlier years, Invested Capital was $3.47 billion in the year ended Dec 31, 2024 (-15.3%), $4.1 billion in the year ended Dec 31, 2023 (+29.4%), $3.17 billion in the year ended Dec 31, 2022 (+4.4%) and $3.04 billion in the year ended Dec 31, 2021 (+9.6%).
- Quarterly Invested Capital has moved between -$87.23 million (the quarter ended Jun 30, 2023) and $4.21 billion (the quarter ended Dec 31, 2025) over five years.
- Compared with a year earlier, Invested Capital was higher in three of the last four quarters, with growth averaging 322.1%.
- Per Business Quant data, BTG's Invested Capital in the three quarters before the quarter ended Jun 30, 2026 was $4.12 billion (quarter ended Mar 31, 2026), $4.21 billion (quarter ended Dec 31, 2025) and $611.41 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | 71.30 Bn |
| 2 | Southern Copper | 166.32 Bn | 145.19 Bn | 2.90 Bn | 20.70 Bn |
| 3 | Newmont | 120.84 Bn | 89.01 Bn | 4.03 Bn | 40.50 Bn |
| 4 | Ternium | 110.94 Bn | 75.99 Bn | 941.02 Mn | 24.55 Bn |
| 5 | Freeport-Mcmoran | 99.52 Bn | 95.67 Bn | 2.19 Bn | 41.61 Bn |
| 6 | Agnico Eagle Mines | 90.25 Bn | 90.25 Bn | 2.43 Bn | 28.80 Bn |
| 7 | Barrick Mining | 67.10 Bn | 51.84 Bn | 2.90 Bn | 36.87 Bn |
| 8 | Nucor | 53.52 Bn | 44.06 Bn | 2.03 Bn | 30.37 Bn |
| 9 | ArcelorMittal | 49.13 Bn | 30.16 Bn | - | 80.28 Bn |
| 10 | B2Gold | 6.92 Bn | 6.95 Bn | 308.29 Mn | 4.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.03 Bn |
| Mar 31, 2026 | 4.12 Bn |
| Dec 31, 2025 | 4.21 Bn |
| Sep 30, 2025 | 611.41 Mn |
| Jun 30, 2025 | 382.43 Mn |
| Mar 31, 2025 | 358.66 Mn |
| Dec 31, 2024 | 3.47 Bn |
| Sep 30, 2024 | 142.97 Mn |
| Jun 30, 2024 | -77.94 Mn |
| Mar 31, 2024 | -65.07 Mn |
| Dec 31, 2023 | 4.10 Bn |
| Sep 30, 2023 | -83.06 Mn |
| Jun 30, 2023 | -87.23 Mn |
| Mar 31, 2023 | 3.21 Bn |
| Dec 31, 2022 | 3.17 Bn |
| Sep 30, 2022 | 3.03 Bn |
| Jun 30, 2022 | -79.04 Mn |
| Dec 31, 2021 | 3.04 Bn |
| Sep 30, 2021 | -58.23 Mn |
| Jun 30, 2021 | -45.65 Mn |
API Access
B2Gold Invested Capital 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=invested-capital&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();