B2 Gold Corp - Understand $btg stock

$BTG Market Cap: $4.706 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.944B

TTM

Gross Margin

39.76%

TTM

Net Earnings

-$140.5M

TTM

Current Assets

$926.6M

Q2 2024

Current Liabilities

$316.3M

Q2 2024

Current Ratio

292.92%

Q2 2024

Total Assets

$5.183B

Q2 2024

Total Liabilities

$1.427B

Q2 2024

Book Value

$3.756B

Q2 2024

Cash

$466.8M

Q2 2024

P/E

-33.48

Nov 29, 2024 EST

Free Cash Flow

$138.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.934B	$1.733B	$1.762B	$1.789B	$1.156B	$1.051B	$638.7M	$683.3M	$553.7M	$486.6M	$544.3M	$259.1M	$225.4M	$127.5M	$20.60M	$0.00	$0.00
YoY Change	11.64%	-1.68%	-1.49%	54.8%	9.91%	64.62%	-6.53%	23.41%	13.79%	-10.6%	110.07%	14.95%	76.78%	518.93%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.934B	$1.733B	$1.762B	$1.789B	$1.156B	$1.051B	$638.7M	$683.3M	$553.7M	$486.6M	$544.3M	$259.1M	$225.4M	$127.5M	$20.60M	$0.00	$0.00
Cost Of Revenue	$1.154B	$1.128B	$993.7M	$830.6M	$705.2M	$670.7M	$488.4M	$473.2M	$466.6M	$392.8M	$397.3M	$132.0M	$114.3M	$84.70M	$22.60M	$0.00
Gross Profit	$780.0M	$604.2M	$768.6M	$958.3M	$450.5M	$380.7M	$150.3M	$210.1M	$87.00M	$93.90M	$146.9M	$127.0M	$111.0M	$42.80M	-$2.000M	$0.00
Gross Profit Margin	40.33%	34.88%	43.61%	53.57%	38.98%	36.21%	23.53%	30.75%	15.71%	19.3%	26.99%	49.02%	49.25%	33.57%	-9.71%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$83.29M	$79.32M	$72.76M	$62.70M	$71.60M	$68.80M	$63.90M	$57.30M	$52.30M	$70.30M	$53.30M	$34.20M	$22.80M	$15.00M	$10.40M	$10.70M	$4.000M
YoY Change	5.0%	9.02%	16.04%	-12.43%	4.07%	7.67%	11.52%	9.56%	-25.6%	31.89%	55.85%	50.0%	52.0%	44.23%	-2.8%	167.5%
% of Gross Profit	10.68%	13.13%	9.47%	6.54%	15.89%	18.07%	42.51%	27.27%	60.11%	74.87%	36.28%	26.93%	20.54%	35.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$402.4M	$383.9M	$378.9M	$301.5M	$251.3M	$306.4M	$160.5M	$172.3M	$144.3M	$112.6M	$85.90M	$33.10M	$26.20M	$14.70M	$2.300M	$0.00	$0.00
YoY Change	4.82%	1.31%	25.67%	19.98%	-17.98%	90.9%	-6.85%	19.4%	28.15%	31.08%	159.52%	26.34%	78.23%	539.13%
% of Gross Profit	51.59%	63.53%	49.3%	31.46%	55.78%	80.48%	106.79%	82.01%	165.86%	119.91%	58.48%	26.06%	23.6%	34.35%
Operating Expenses	$102.3M	$87.71M	$82.11M	$72.30M	$78.40M	$75.90M	$65.00M	$66.20M	$56.80M	$75.30M	$55.10M	$39.30M	$24.00M	$18.20M	$7.200M	$10.60M	$4.000M
YoY Change	16.57%	6.83%	13.57%	-7.78%	3.29%	16.77%	-1.81%	16.55%	-24.57%	36.66%	40.2%	63.75%	31.87%	152.78%	-32.08%	165.0%
Operating Profit	$677.8M	$516.5M	$686.4M	$886.0M	$372.1M	$304.8M	$85.30M	$143.9M	$30.20M	$18.60M	$91.80M	$87.70M	$87.00M	$24.60M	-$9.200M	-$10.60M
YoY Change	31.21%	-24.75%	-22.52%	138.11%	22.08%	257.33%	-40.72%	376.49%	62.37%	-79.74%	4.68%	0.8%	253.66%	-367.39%	-13.21%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$13.14M	$20.22M	$24.22M	-$14.60M	-$22.30M	-$26.10M	-$7.600M	-$4.100M	-$48.20M	-$11.60M	-$27.50M	-$1.100M	-$700.0K	-$13.50M	-$1.100M	-$13.30M	$1.700M
YoY Change	-35.0%	-16.53%	-265.91%	-34.53%	-14.56%	243.42%	85.37%	-91.49%	315.52%	-57.82%	2400.0%	57.14%	-94.81%	1127.27%	-91.73%	-882.35%
% of Operating Profit	1.94%	3.91%	3.53%	-1.65%	-5.99%	-8.56%	-8.91%	-2.85%	-159.6%	-62.37%	-29.96%	-1.25%	-0.8%	-54.88%
Other Income/Expense, Net	-$16.36M	$8.129M	-$981.0K	$3.000M	-$600.0K	$11.20M	-$9.600M	-$53.40M	$3.000M	$4.700M	$14.20M	-$6.300M	-$5.800M	-$3.500M			$0.00
YoY Change	-301.22%	-928.64%	-132.7%	-600.0%	-105.36%	-216.67%	-82.02%	-1880.0%	-36.17%	-66.9%	-325.4%	8.62%	65.71%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$320.3M	$530.6M	$726.2M	$1.034B	$482.4M	$267.1M	$68.90M	$68.50M	-$143.4M	-$751.5M	$87.10M	$77.30M	$80.50M	$28.80M	-$28.60M	-$30.30M	-$4.700M
YoY Change	-39.63%	-26.94%	-29.79%	114.43%	80.61%	287.66%	0.58%	-147.77%	-80.92%	-962.8%	12.68%	-3.98%	179.51%	-200.7%	-5.61%	544.68%
Income Tax	$278.7M	$243.9M	$265.4M	$362.0M	$173.5M	$132.4M	$7.300M	$29.90M	$1.700M	-$85.10M	$19.80M	$25.40M	$24.20M	$8.800M	-$800.0K	-$300.0K	-$500.0K
% Of Pretax Income	87.02%	45.96%	36.55%	35.0%	35.97%	49.57%	10.6%	43.65%			22.73%	32.86%	30.06%	30.56%
Net Earnings	$10.10M	$252.9M	$420.1M	$628.1M	$293.4M	$28.90M	$56.90M	$39.10M	-$149.9M	-$665.3M	$67.30M	$51.90M	$56.30M	$20.00M	-$27.80M	-$30.00M	-$4.200M
YoY Change	-96.01%	-39.8%	-33.12%	114.08%	915.22%	-49.21%	45.52%	-126.08%	-77.47%	-1088.56%	29.67%	-7.82%	181.5%	-171.94%	-7.33%	614.29%
Net Earnings / Revenue	0.52%	14.6%	23.84%	35.11%	25.39%	2.75%	8.91%	5.72%	-27.07%	-136.72%	12.36%	20.03%	24.98%	15.69%	-134.95%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.01	$0.24	$395.7K	$594.6K	$286.8K	$27.59K	$57.39K	$40.94K	-$162.6K	-$897.7K	$101.4K	$132.4K	$163.3K	$63.78K	-$117.3K	-$205.8K	-$129.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$306.9M	$651.9M	$673.0M	$479.7M	$140.6M	$102.8M	$147.5M	$144.7M	$85.10M	$132.6M	$252.7M	$67.90M	$102.3M	$70.50M	$3.300M	$46.30M	$99.00M
YoY Change	-52.93%	-3.13%	40.3%	241.18%	36.77%	-30.31%	1.94%	70.04%	-35.82%	-47.53%	272.16%	-33.63%	45.11%	2036.36%	-92.87%	-53.23%
Cash & Equivalents	$306.9M	$651.9M	$673.0M	$479.7M	$140.6M	$102.8M	$147.5M	$144.7M	$85.10M	$132.6M	$252.7M	$67.90M	$102.3M	$70.00M	$2.900M	$13.20M	$99.00M
Short-Term Investments														$500.0K	$400.0K	$33.00M	$0.00
Other Short-Term Assets	$19.65M	$21.88M	$36.97M	$25.20M	$22.00M							$0.00					$3.100M
YoY Change	-10.16%	-40.82%	46.69%	14.55%
Inventory	$346.5M	$332.0M	$272.4M	$238.1M	$217.9M	$234.0M	$206.4M	$104.7M	$86.30M	$96.00M	$75.70M	$41.60M	$26.70M	$19.40M	$10.30M	$0.00
Prepaid Expenses
Receivables					$37.90M	$12.70M	$20.60M	$10.70M	$11.50M	$14.40M	$26.30M	$7.700M	$6.400M	$5.000M	$4.900M	$600.0K	$1.100M
Other Receivables					$11.10M	$13.60M	$21.30M	$17.00M	$20.60M	$16.70M	$19.80M	$18.70M	$14.10M	$6.100M	$4.900M	$0.00	$2.000M
Total Short-Term Assets	$710.7M	$1.035B	$1.046B	$762.7M	$429.5M	$363.0M	$395.9M	$277.1M	$203.6M	$259.7M	$374.5M	$136.0M	$149.5M	$101.1M	$23.40M	$46.90M	$105.3M
YoY Change	-31.34%	-1.05%	37.16%	77.58%	18.32%	-8.31%	42.87%	36.1%	-21.6%	-30.65%	175.37%	-9.03%	47.87%	332.05%	-50.11%	-55.46%
Property, Plant & Equipment	$3.563B	$2.275B	$2.232B	$2.387B	$2.047B	$2.035B	$2.124B	$1.950B	$1.723B	$1.723B	$1.517B	$432.7M	$412.5M	$176.9M	$170.3M	$55.80M	$7.900M
YoY Change	56.66%	1.92%	-6.5%	16.63%	0.57%	-4.19%	8.91%	13.17%	0.03%	13.54%	250.66%	4.9%	133.18%	3.88%	205.2%	606.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$220.1M	$151.9M	$136.4M	$85.60M	$133.6M	$76.20M	$75.60M	$63.80M	$52.60M	$86.30M	$170.9M	$105.7M	$0.00	$55.60M	$51.90M	$49.40M	$17.30M
YoY Change	44.88%	11.41%	59.29%	-35.93%	75.33%	0.79%	18.5%	21.29%	-39.05%	-49.5%	61.68%		-100.0%	7.13%	5.06%	185.55%
Other Assets	$174.9M	$93.00M	$83.83M	$91.70M	$44.20M	$46.20M	$59.60M	$19.80M	$12.80M	$11.90M	$16.10M	$2.100M	$1.000M	$1.100M	$1.800M	$100.0K	$100.0K
YoY Change	88.03%	10.94%	-8.59%	107.47%	-4.33%	-22.48%	201.01%	54.69%	7.56%	-26.09%	666.67%	110.0%	-9.09%	-38.89%	1700.0%	0.0%
Total Long-Term Assets	$4.164B	$2.646B	$2.515B	$2.600B	$2.254B	$2.185B	$2.289B	$2.059B	$1.821B	$1.859B	$1.935B	$540.5M	$413.5M	$233.6M	$224.0M	$105.3M	$25.30M
YoY Change	57.36%	5.2%	-3.25%	15.36%	3.15%	-4.56%	11.19%	13.08%	-2.05%	-3.94%	258.04%	30.71%	77.01%	4.29%	112.73%	316.21%
Total Assets	$4.875B	$3.681B	$3.561B	$3.362B	$2.683B	$2.548B	$2.685B	$2.336B	$2.024B	$2.119B	$2.310B	$676.5M	$563.0M	$334.7M	$247.4M	$152.2M	$130.6M
YoY Change
Accounts Payable	$167.1M	$114.8M	$111.7M	$89.10M	$83.40M	$80.30M	$95.10M	$81.70M	$58.70M	$53.10M	$65.80M	$24.20M	$22.20M	$10.60M	$10.10M	$3.000M	$1.100M
YoY Change	45.58%	2.75%	25.38%	6.83%	3.86%	-15.56%	16.4%	39.18%	10.55%	-19.3%	171.9%	9.01%	109.43%	4.95%	236.67%	172.73%
Accrued Expenses													$400.0K				$7.500M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$100.0K	$1.100M	$0.00	$100.0K
YoY Change													-100.0%	-90.91%		-100.0%
Long-Term Debt Due	$16.26M	$15.52M	$25.41M	$34.10M	$26.00M	$25.00M	$302.6M	$13.90M	$11.70M	$10.50M	$13.00M	$0.00				$2.600M	$2.600M
YoY Change	4.75%	-38.92%	-25.49%	31.15%	4.0%	-91.74%	2076.98%	18.8%	11.43%	-19.23%						0.0%
Total Short-Term Liabilities	$313.5M	$233.6M	$231.2M	$286.1M	$165.1M	$207.3M	$494.5M	$176.0M	$98.90M	$84.70M	$98.80M	$43.90M	$30.30M	$16.50M	$11.80M	$5.600M	$11.30M
YoY Change	34.18%	1.05%	-19.19%	73.29%	-20.36%	-58.08%	180.97%	77.96%	16.77%	-14.27%	125.06%	44.88%	83.64%	39.83%	110.71%	-50.44%
Long-Term Debt	$175.9M	$41.71M	$49.73M	$75.90M	$235.8M	$454.5M	$399.6M	$472.8M	$451.5M	$368.8M	$300.4M	$0.00	$0.00	$0.00	$8.600M	$0.00	$2.400M
YoY Change	321.66%	-16.12%	-34.48%	-67.81%	-48.12%	13.74%	-15.48%	4.72%	22.42%	22.77%				-100.0%		-100.0%
Other Long-Term Liabilities	$287.2M	$111.6M	$131.5M	$118.9M	$84.90M	$129.8M	$143.2M	$158.6M	$92.50M	$62.10M	$52.30M	$32.10M	$30.70M	$21.50M	$15.70M	$0.00
YoY Change	157.34%	-15.12%	10.58%	40.05%	-34.59%	-9.36%	-9.71%	71.46%	48.95%	18.74%	62.93%	4.56%	42.79%	36.94%
Total Long-Term Liabilities	$463.1M	$153.3M	$181.2M	$194.8M	$320.7M	$584.3M	$542.8M	$631.4M	$544.0M	$430.9M	$352.7M	$32.10M	$30.70M	$21.50M	$24.30M	$0.00	$2.400M
YoY Change	202.04%	-15.39%	-6.98%	-39.26%	-45.11%	7.65%	-14.03%	16.07%	26.25%	22.17%	998.75%	4.56%	42.79%	-11.52%		-100.0%
Total Liabilities	$1.064B	$673.1M	$701.0M	$790.4M	$692.8M	$936.9M	$1.133B	$891.1M	$720.7M	$648.5M	$646.1M	$116.5M	$91.70M	$44.50M	$47.70M	$17.50M	$14.30M
YoY Change	58.11%	-3.98%	-11.31%	14.09%	-26.05%	-17.32%	27.16%	23.64%	11.13%	0.37%	454.59%	27.04%	106.07%	-6.71%	172.57%	22.38%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.7058 Billion

About B2GOLD CORP

B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2007-12-03. The firm has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. The firm also owns the Gramalote Project in Colombia. The company also has an interest in the Back River Gold District, which is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. The company is engaged in operating Goose Project, which is located in Nunavut, Canada.

Industry: Gold and Silver Ores Peers: BARRICK GOLD CORP