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| Date | Value |
|---|---|
| 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 |