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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |