B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
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The chart shows the growth of an initial investment of $10,000 in B2Gold Corp., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
B2Gold Corp. (BTG) has returned 3.50% so far this year and 83.33% over the past 12 months. Looking at the last ten years, BTG has achieved an annualized return of 11.11%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of B2Gold Corp. (BTG) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.22% | 29.14% | -27.52% | 0.42% | ||||||||
| 2025 | -3.20% | 9.92% | 4.40% | 7.61% | 10.86% | 4.94% | -7.67% | 19.71% | 17.86% | -12.20% | 5.24% | -3.22% |
| 2024 | -11.95% | -14.59% | 8.30% | -5.20% | 8.53% | -4.59% | 10.29% | -7.28% | 11.19% | 5.73% | -14.03% | -14.39% |
| 2023 | 9.07% | -14.39% | 14.20% | -0.25% | -8.23% | -4.03% | -2.24% | -9.65% | -8.25% | 12.15% | 4.97% | -5.67% |
| 2022 | -6.22% | 10.41% | 13.05% | -7.61% | -4.36% | -15.67% | 4.46% | -13.84% | 6.62% | -5.25% | 10.83% | 0.85% |
| 2021 | -15.09% | -14.31% | -4.22% | 9.09% | 4.08% | -17.93% | -2.10% | -6.94% | -12.31% | 20.00% | -4.83% | -1.75% |
| 2020 | 6.67% | -6.99% | -26.62% | 65.36% | 10.48% | 1.97% | 21.05% | -4.40% | -4.40% | -2.13% | -14.29% | -3.78% |
| 2019 | 8.19% | 0.32% | -8.77% | -3.20% | 1.50% | 9.39% | 8.90% | 14.74% | -10.53% | 9.35% | 5.75% | 8.38% |
| 2018 | -5.03% | -1.33% | -6.83% | 3.99% | -3.87% | -4.44% | -3.13% | -6.02% | -1.29% | 6.96% | -2.78% | 16.33% |
| 2017 | 24.90% | 1.99% | -5.67% | -10.25% | 14.23% | -8.03% | 10.40% | 1.82% | -8.33% | -1.17% | 21.09% | |
| 2016 | 37.89% | -20.87% | 34.22% | 20.85% | -20.32% | 4.78% | 9.89% | -19.33% | -0.42% |
The charts below present risk-adjusted performance metrics for B2Gold Corp. (BTG) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of BTG compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current B2Gold Corp. volatility is 4.10%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Global gold demand exceeded 5,000 tonnes in 2025 with central banks acquiring 863 tonnes, creating a supply crunch that benefits scalable mining operators. Major gold producers including B2Gold, Aris Mining, Aura Minerals, Perseus Mining, and Lake Victoria Gold reported strong 2025 results and positive production outlooks for 2026, supported by record gold prices and institutional demand.
B2Gold and other gold mining stocks declined sharply on March 19, 2026, as gold futures fell 5% amid a broader risk-off sentiment. Concerns about the Iran conflict, energy prices, and inflation pressured precious metal prices. The Federal Reserve's decision to hold rates steady and delay rate cuts presents a headwind for gold, which doesn't pay interest.
B2Gold Corp. (BTG) shares fell 8.92% in after-hours trading following the release of its Q4 and full-year 2025 results. The company reported record annual revenue of $3.06 billion with 927,797 ounces of gold sold. However, 2026 guidance signals a production decline to 820,000-970,000 ounces and significantly higher all-in sustaining costs of $2,400-$2,580 per ounce, which triggered the negative market reaction.
Three penny stocks trading near $5 are expected to deliver significant earnings growth in 2026, well above the S&P 500 average of 15%. Transocean Ltd. (RIG) is forecast to grow earnings by 100% driven by favorable oil market conditions, B2Gold Corp. (BTG) is expected to see 74% earnings growth as mining stocks catch up with gold prices, and Ironwood Pharmaceuticals Inc. (IRWD) is projected to achieve 150% earnings growth following a 40% revenue guidance increase.
B2Gold Corp., a senior international gold producer, announced it will release its fourth quarter and full year 2025 financial results along with 2026 guidance on February 18, 2026, followed by a conference call on February 19, 2026. The company operates gold mines across Canada, Mali, Namibia, and the Philippines.
Aurion Resources announced significant gold drilling results at the Kaaresselkä area of its Risti property in Finland, with intercepts including 10.93 g/t Au over 5.00 m and 3.73 g/t Au over 4.45 m. The mineralized system has been extended to 1,400 m along strike and 250 m depth, with results pending for over 15 additional holes. The company also completed USD $1 million minimum exploration expenditure under its KoBold Metals agreement.
Prague-based Pale Fire Capital SE increased its IAMGOLD stake by 2.61 million shares in Q3, bringing its total holding to 3.93 million shares worth $50.83 million. The purchase signals investor conviction in IAMGOLD's operational turnaround and improved fundamentals, despite the stock's 242% rally over the past year. The company's shift from survival to execution, combined with a stronger balance sheet and diversified asset base, suggests the market is still recalibrating its valuation.
Copper Giant Resources reported successful drilling results at its Mocoa copper-molybdenum project in Colombia, intercepting 666-metres of 0.46% Cu and 0.04% Mo, expanding the high-grade core eastward and at depth.
Gold producers are gaining investor attention as gold prices reach record highs, with companies focusing on near-term production, low capital costs, and tailings reprocessing strategies emerging as attractive investment opportunities.
B2Gold Corp. has achieved commercial production at the Goose Mine in Nunavut, Canada, with mill throughput reaching 66% of design capacity during the initial 30-day period. The company expects to produce 80,000-110,000 ounces of gold in 2025 and approximately 300,000 ounces annually from 2026-2031.