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% quarter-over-quarter from -$24.3 million in Q4 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 for Q1 2026 stood at -$16.7 million, 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 -$24.3 million in Q4 2025.
- The 5-year median for Operating Expenses is -$15.2 million (2025), against an average of -$16.0 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 74.64% in 2023, then soared 38.25% in 2024.
- B2Gold's Operating Expenses stood at -$20.7 million in 2022, then decreased by 2.3% to -$21.2 million in 2023, then advanced by 9.91% to -$19.1 million in 2024, then dropped by 27.02% to -$24.3 million in 2025, then surged by 31.03% to -$16.7 million in 2026.
- Business Quant data shows BTG's Operating Expenses at -$16.7 million in Q1 2026, -$24.3 million in Q4 2025, and -$15.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | -18,000.00 |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 869.08 Mn |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 173.18 Mn |
| 10 | B2Gold | 7.18 Bn | 7.18 Bn | 308.29 Mn | -18.64 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 |