B2gold Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), B2gold Corp reported net income of $426.7M (+168.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Gold revenue | $3.1B | $1.9B | $1.9B | $1.7B |
| Production costs (Note 24) | ($745.4M) | ($681.8M) | ($616.2M) | ($626.5M) |
| Depreciation and depletion (Note 9) | ($440.8M) | ($367.4M) | ($402.4M) | ($383.9M) |
| Royalties and production taxes | ($344.2M) | ($146.6M) | ($135.7M) | ($118.0M) |
| Total cost of sales | ($1.5B) | ($1.2B) | ($1.2B) | ($1.1B) |
| Gross profit | $1.5B | $706.2M | $780.0M | $604.2M |
| General and administrative | ($67.1M) | ($59.5M) | ($62.4M) | ($54.5M) |
| Share-based payments (Note 14) | ($25.0M) | ($24.7M) | ($20.9M) | ($24.8M) |
| Non-recoverable input taxes | ($14.4M) | ($13.2M) | — | — |
| Foreign exchange losses | ($9.7M) | ($23.7M) | ($16.0M) | ($10.1M) |
| Share of net (loss) income of associates (Note 10) | ($755.0K) | $2.6M | $19.9M | $10.2M |
| Community relations | ($12.5M) | ($2.9M) | ($5.2M) | ($2.7M) |
| Write-down of mining interests (Note 9) | ($5.1M) | ($636.0K) | ($19.9M) | ($12.4M) |
| Impairment of long-lived assets (Notes 9) | $0 | ($876.4M) | — | — |
| Gain on sale of mining interests (Note 9) | $0 | $56.1M | $0 | ($2.8M) |
| Gain on sale of shares in associate (Note 10) | 0 | 16.8M | — | — |
| Other expense (Note 16) | ($14.0M) | ($29.1M) | — | — |
| Operating income (loss) | $1.4B | ($248.3M) | $327.4M | $502.4M |
| Losses on derivative instruments (Note 17) | ($266.8M) | ($2.8M) | $4.7M | $19.0M |
| Change in fair value of gold stream (Note 18) | ($118.4M) | ($26.8M) | ($12.3M) | — |
| Interest and financing expense | ($37.7M) | ($34.8M) | ($13.9M) | ($10.8M) |
| Interest income | $12.4M | $20.7M | $18.5M | $12.0M |
| Losses on dilution of associate (Note 10) | $0 | ($9.0M) | — | — |
| Other income (expense) | $5.0M | ($8.1M) | ($4.1M) | $8.1M |
| Income (loss) from operations before taxes | $976.8M | ($309.2M) | $320.3M | $530.6M |
| Current income tax, withholding and other taxes (Note 21) | ($694.6M) | ($319.7M) | ($290.1M) | ($247.8M) |
| Deferred income tax recovery (Note 21) | $144.6M | $2.3M | $11.3M | $3.9M |
| Net income (loss) | $426.7M | ($626.7M) | $41.6M | $286.7M |
| Shareholders of the Company | $401.9M | ($629.9M) | $10.1M | $252.9M |
| Non-controlling interests (Note 15) | $24.8M | $3.2M | $31.5M | $33.9M |
| Basic (in USD per share) | $0.30 | -$0.48 | $0.01 | $0.24 |
| Diluted (in USD per share) | $0.28 | -$0.48 | $0.01 | $0.24 |
| Basic (in shares) | 1.3B | 1.3B | 1.2B | 1.1B |
| Diluted (in shares) | 1.5B | 1.3B | 1.2B | 1.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $380.4M | $337.0M | $306.9M | $651.9M |
| Receivables, prepaids and other (Note 6) | $58.3M | $41.1M | $27.5M | $28.8M |
| Value-added and other tax receivables | $63.7M | $46.2M | $29.8M | $18.5M |
| Inventories (Note 7) | $627.2M | $477.6M | $346.5M | $332.0M |
| Current assets | $1.1B | $901.8M | $710.7M | $1.0B |
| Long-term investments (Note 8) | $286.1M | $76.7M | $86.0M | $31.9M |
| Long-term value-added tax receivables | $276.0M | $244.1M | $199.7M | $121.3M |
| Mining interests (Note 9) | $3.8B | $3.3B | $3.6B | — |
| Investment in associates (Note 10) | $98.2M | $91.4M | $134.1M | $120.0M |
| Long-term inventories (Note 7) | $177.6M | $134.5M | — | — |
| Other assets (Note 11) | $75.0M | $74.0M | $63.6M | $98.1M |
| Deferred income taxes (Note 21) | $76.4M | $0 | $16.9M | $0 |
| Total assets | $5.9B | $4.8B | $4.9B | $3.7B |
| Accounts payable and accrued liabilities | $174.8M | $156.4M | $167.1M | $114.8M |
| Current income and other taxes payable | $267.1M | $103.6M | $120.7M | $95.6M |
| Current portion of prepaid gold sales (Note 19) | $285.5M | $272.8M | — | — |
| Current portion of long-term debt (Note 12) | $33.9M | $16.4M | $16.3M | $15.5M |
| Current portion of derivative instruments (Note 17) | $237.3M | $6.9M | — | — |
| Current portion of gold stream obligation (Note 18) | $24.5M | — | — | — |
| Current portion of mine restoration provisions (Note 13) | $18.1M | $7.2M | $3.0M | $5.5M |
| Other current liabilities | $20.1M | $17.5M | $6.4M | $2.1M |
| Total current liabilities | $1.1B | $580.7M | $313.5M | $233.6M |
| Prepaid gold sales (Note 19) | $0 | $265.3M | — | — |
| Long-term debt (Note 12) | $564.4M | $421.5M | $175.9M | $41.7M |
| Gold stream obligation (Note 18) | $258.2M | $159.5M | $139.6M | — |
| Mine restoration provisions (Note 13) | $151.3M | $140.5M | $104.6M | $95.6M |
| Deferred income taxes (Note 21) | $151.3M | $169.7M | $188.1M | $182.5M |
| Employee benefits obligation | $25.1M | $18.4M | $19.2M | $8.1M |
| Other long-term liabilities | $26.1M | $22.6M | $23.8M | $7.9M |
| Total liabilities | $2.2B | $1.8B | $964.6M | $569.4M |
| Share capital (Note 14) | $3.6B | $3.5B | $3.5B | $2.5B |
| Contributed surplus | $151.2M | $91.2M | $85.0M | $78.2M |
| Accumulated other comprehensive income (loss) | $56.0M | ($102.8M) | ($125.3M) | ($145.9M) |
| Retained deficit | ($220.6M) | ($515.6M) | $395.9M | $588.1M |
| Equity attributable to owners of parent | $3.6B | $3.0B | $3.8B | $3.0B |
| Non-controlling interests (Note 15) | $48.0M | $52.6M | $99.6M | $103.7M |
| Total equity | $3.6B | $3.0B | $3.9B | $3.1B |
| Total equity and liabilities | $5.9B | $4.8B | $4.9B | $3.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $426.7M | ($626.7M) | $41.6M | $286.7M |
| Mine restoration provisions settled (Note 13) | ($3.1M) | ($2.1M) | ($2.3M) | ($793.0K) |
| Non-cash charges, net (Note 22) | $805.7M | $1.3B | $795.0M | $425.9M |
| Delivery into prepaid sales (Note 19) | ($288.8M) | — | — | — |
| Proceeds from prepaid sales (Note 19) | $0 | $500.0M | — | — |
| Changes in non-cash working capital (Note 22) | $189.9M | ($155.2M) | ($6.5M) | ($48.6M) |
| Changes in long-term inventory | ($109.7M) | ($55.4M) | ($18.5M) | — |
| Changes in long-term value added tax receivables | ($124.8M) | ($72.2M) | ($94.7M) | ($67.5M) |
| Cash provided by operating activities | $895.8M | $877.6M | $714.5M | $595.8M |
| Loan facilities draw downs | $663.2M | $457.8M | $150.0M | — |
| Loan facilities repayments | ($464.0M) | ($211.0M) | ($13.3M) | ($19.8M) |
| Interest and commitment fees paid | ($18.4M) | ($11.6M) | ($4.6M) | ($4.5M) |
| Common shares issued in flow-through financing (Note 14) | 13.9M | 10.1M | — | — |
| Common shares issued on exercise of stock options (Note 14) | 66.1M | 3.1M | 12.9M | 14.3M |
| Repurchase of common shares (Note 14) | -9.8M | — | — | — |
| Dividends paid (Note 14) | ($103.4M) | ($184.6M) | ($186.7M) | ($170.6M) |
| Principal payments on lease arrangements (Note 12) | ($22.1M) | ($6.5M) | ($6.2M) | ($6.6M) |
| Distributions to non-controlling interests (Note 15) | ($29.9M) | ($122.9M) | ($34.3M) | ($30.3M) |
| Realized loss on derivative instruments (Note 17) | ($36.8M) | — | — | — |
| Other | ($21.0K) | $923.0K | $4.9M | — |
| Cash provided (used) by financing activities | $58.6M | ($69.1M) | ($192.5M) | ($211.3M) |
| Expenditures on mining interests, projects | ($103.4M) | ($86.6M) | ($138.4M) | — |
| Purchases of long-term investments (Note 8) | ($25.9M) | ($16.6M) | ($33.3M) | — |
| Purchase of shares in associate (Note 10) | -4.8M | -9.1M | — | 0 |
| Purchases of short-term investments (Note 6) | ($45.0M) | ($16.4M) | — | — |
| Redemptions of short-term investments (Note 6) | $54.9M | $5.4M | — | — |
| Funding of reclamation deposits (Note 11) | ($10.9M) | ($5.8M) | ($6.5M) | ($6.7M) |
| Cash proceeds on sale of investment in associate (Note 10) | $0 | $100.3M | — | — |
| Cash proceeds on sale of long-term investments (Note 8) | $0 | $92.6M | — | — |
| Cash proceeds from sale of mining interest (Note 9) | $0 | $7.5M | — | $0 |
| Other | $1.7M | ($2.8M) | ($377.0K) | ($919.0K) |
| Cash used by investing activities | ($892.7M) | ($763.3M) | ($845.3M) | ($388.8M) |
| Increase in cash and cash equivalents | $61.7M | $45.2M | ($323.4M) | ($4.3M) |
| Effect of exchange rate changes on cash and cash equivalents | ($18.3M) | ($15.2M) | ($21.7M) | ($16.8M) |
| Cash and cash equivalents, beginning of year | $337.0M | $306.9M | $651.9M | $673.0M |
| Cash and cash equivalents, end of year | $380.4M | $337.0M | $306.9M | $651.9M |
B2gold Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.