B2Gold (BTG) Operating Expenses (2012 - 2026)

B2Gold (BTG) recorded quarterly Operating Expenses of -$16.7 million in Q1 2026, up 31.03% quarter-over-quarter from -$24.3 million in Q4 2025, and down 41.74% on a YoY basis from -$28.7 million in Q1 2025.

B2Gold (BTG) Operating Expenses (2012 - 2026) Analysis & Trends

B2Gold's Operating Expenses history runs 15 years deep, the most recent figure standing at -$16.7 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 41.74% year-over-year to -$16.7 million; the TTM figure through Mar 2026 stood at -$72.0 million (down 26.01% YoY), while the FY2025 annual figure was -$67.1 million, down 12.78% from the prior year.
  • Operating Expenses was -$16.7 million for Q1 2026 at B2Gold, up from -$24.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$10.4 million in Q3 2022 to a low of -$24.3 million in Q4 2025.
  • Historically, Operating Expenses has averaged -$16.0 million across 5 years, with a median of -$15.2 million in 2025.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 74.64% in 2023, then jumped 38.25% in 2024.
  • A 5-year view of Operating Expenses shows it stood at -$20.7 million in 2022, then slipped by 2.3% to -$21.2 million in 2023, then climbed by 9.91% to -$19.1 million in 2024, then declined by 27.02% to -$24.3 million in 2025, then soared by 31.03% to -$16.7 million in 2026.
  • The last three Operating Expenses figures came in at -$16.7 million (Q1 2026), -$24.3 million (Q4 2025), and -$15.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -4.48 Mn
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 155.00 Mn
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 76.85 Mn
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 19.40 Mn
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn 83.10 Mn
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 2.84 Bn
8 Equinox Gold 47.64 Bn 47.14 Bn - 300,000.00
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn 999.00 Mn
10 B2Gold 13.96 Bn 13.25 Bn 609.77 Mn -16.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -16.73 Mn
Dec 31, 2025 -24.25 Mn
Sep 30, 2025 -15.25 Mn
Jun 30, 2025 -15.78 Mn
Mar 31, 2025 -11.80 Mn
Dec 31, 2024 -19.09 Mn
Sep 30, 2024 -13.28 Mn
Jun 30, 2024 -12.97 Mn
Mar 31, 2024 -14.14 Mn
Dec 31, 2023 -21.19 Mn
Sep 30, 2023 -18.14 Mn
Jun 30, 2023 -21.00 Mn
Mar 31, 2023 -14.19 Mn
Dec 31, 2022 -20.72 Mn
Sep 30, 2022 -10.38 Mn
Jun 30, 2022 -12.55 Mn
Mar 31, 2022 -10.83 Mn
Dec 31, 2021 -19.16 Mn
Sep 30, 2021 -10.41 Mn
Jun 30, 2021 -10.52 Mn