B2Gold BTG
NYSE BTG
$5.53 +0.09 (+1.56%)
As of: Sep 9, 2026 · 3:59 PM EDT

B2Gold (BTG) Operating Expenses (2012 - 2026)

B2Gold (BTG) posted Operating Expenses of -$139.7 million for Q2 2026, up 21.49% on a QoQ basis from -$178.0 million in Q1 2026, and down 17.93% year-over-year from -$170.2 million in Q2 2025.

Analysis

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

B2Gold has reported Operating Expenses for 15 years, with the latest figure at -$139.7 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 17.93% year-over-year to -$139.7 million in Q2 2026; TTM through Jun 2026 was -$605.8 million, a 39.52% decrease from a year earlier, with the FY2025 full-year figure at -$507.9 million, down 18.98% from the prior year.
  • Operating Expenses was -$139.7 million for Q2 2026 at B2Gold, up from -$178.0 million in the prior quarter.
  • The five-year high for Operating Expenses was -$88.1 million in Q1 2022, with the low at -$178.0 million in Q1 2026.
  • Average Operating Expenses over 5 years is -$120.4 million, with a median of -$114.3 million recorded in 2023.
  • The sharpest annual moves came in 2024 and 2026: Operating Expenses climbed 15.35% in 2024, then plunged 75.58% in 2026.
  • Over 5 years, Operating Expenses stood at -$151.2 million in 2022, then grew by 13.92% to -$130.2 million in 2023, then grew by 13.2% to -$113.0 million in 2024, then tumbled by 48.82% to -$168.2 million in 2025, then advanced by 16.91% to -$139.7 million in 2026.
  • The last three Operating Expenses figures came in at -$139.7 million (Q2 2026), -$178.0 million (Q1 2026), and -$168.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Newmont 134.87 Bn 126.03 Bn 4.03 Bn 3.02 Bn
2 Barrick Mining 76.06 Bn 70.13 Bn 2.90 Bn 165.00 Mn
3 AngloGold Ashanti 55.29 Bn 52.34 Bn 1.70 Bn -37.00 Mn
4 Alamos Gold 15.55 Bn 14.87 Bn 587.30 Mn 18.20 Mn
5 Iamgold 11.83 Bn 11.33 Bn 415.10 Mn -29.60 Mn
6 Eldorado Gold 9.03 Bn 8.47 Bn 302.67 Mn 47.90 Mn
7 Buenaventura Mining 8.95 Bn 7.99 Bn - -
8 Equinox Gold 8.08 Bn 8.24 Bn 428.20 Mn 341.60 Mn
9 B2Gold 7.32 Bn 7.32 Bn 308.29 Mn -139.73 Mn
10 Centerra Gold 6.52 Bn 6.06 Bn 433.81 Mn 43.05 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -139.73 Mn
Mar 31, 2026 -177.96 Mn
Dec 31, 2025 -168.16 Mn
Sep 30, 2025 -119.91 Mn
Jun 30, 2025 -118.49 Mn
Mar 31, 2025 -101.36 Mn
Dec 31, 2024 -113.00 Mn
Sep 30, 2024 -101.33 Mn
Jun 30, 2024 -107.98 Mn
Mar 31, 2024 -104.58 Mn
Dec 31, 2023 -130.18 Mn
Sep 30, 2023 -119.70 Mn
Jun 30, 2023 -115.66 Mn
Mar 31, 2023 -111.34 Mn
Dec 31, 2022 -151.23 Mn
Sep 30, 2022 -104.59 Mn
Jun 30, 2022 -94.42 Mn
Mar 30, 2022 -88.09 Mn
Dec 31, 2021 -141.75 Mn
Sep 30, 2021 -122.18 Mn