B2Gold (BTG) Operating Expenses (2012 - 2026)
B2Gold (BTG) posted quarterly Operating Expenses of -$16.7 million for Q1 2026, down 41.74% year-over-year from -$28.7 million in Q1 2025, and up 31.03% on a QoQ basis from -$24.3 million in Q4 2025.
B2Gold (BTG) Operating Expenses (2012 - 2026) Analysis & Trends
B2Gold (BTG) has reported Operating Expenses for 15 consecutive years, with -$16.7 million the latest figure, recorded in 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 came in at -$16.7 million for Q1 2026 at B2Gold, up from -$24.3 million in the prior quarter.
- The five-year high for Operating Expenses was -$10.4 million in Q3 2022, with the low at -$26.7 million in Q4 2023.
- Average Operating Expenses over 5 years is -$16.3 million, with a median of -$15.2 million recorded in 2025.
- Across the five-year window, Operating Expenses plunged 74.64% in 2023 and surged 37.03% in 2024, its largest moves.
- Year by year, Operating Expenses stood at -$20.7 million in 2022, then decreased by 28.74% to -$26.7 million in 2023, then climbed by 28.41% to -$19.1 million in 2024, then decreased by 27.02% to -$24.3 million in 2025, then soared by 31.03% to -$16.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$16.7 million, -$24.3 million, and -$15.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 155.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -7.01 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 2.84 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -19.25 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 89.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -1.16 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 9.20 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 83.10 Mn |
| 10 | B2Gold | 5.12 Bn | 5.16 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 |