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
DateValue
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