B2Gold Corp.

BTO.TOTSXBasic Materials● Active

$5.83

$-0.56(-8.76%)

Market Cap$7.8B

P/E Ratio—

52W High$8.6

52W Low$4.56

Avg Volume5.4M

Open$6.24

Beta1.30

Overview

B2Gold Corp. (BTO.TO) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

BTO.TO · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$384.6M▲ +10.4% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$379.7M

cashAndCashEquivalents

Short-Term Investments

$4.9M

shortTermInvestments

YoY Change vs Prior Year

+10.4%

vs prior fiscal year

Latest Quarter

$482.4M

Q1 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$384.6MCash on Hand

Total Debt$629.3MTotal Debt

Net Cash / Net Debt−$244.7MNet Debt Position

Cash vs Debt Ratio

Cash 38%B2Gold Corp. cash as % of market cap: 4.91%% · MCap $8BDebt 62%

B2Gold Corp. carries a net debt position of $244.7M. Total debt ($629.3M) exceeds cash on hand ($384.6M). B2Gold Corp. cash vs debt ratio: 38% cash / 62% debt.

Net Cash = Cash & ST Investments − Total Debt$384.6M − $629.3M = −$244.7M

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

BTO.TO annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

BTO.TO cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$384.6M+10.4%

Dec 31, 2024FY$348.3M+14.3%

Dec 31, 2023FY$304.7M-53.7%

Dec 31, 2022FY$658.3M-1.2%

Dec 31, 2021FY$666.7M+39.3%

BTO.TO cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Basic Materials Sector Cash Reserves Comparison

BTO.TO vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

Southern Copper Corporation

SCCO

$4.91B$144B3.4%

40%

B2Gold Corp.YOU

BTO.TO

$384.6M$8B4.9%

Basic Materials sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

B2Gold Corp. (BTO.TO) cash on hand as of December 31, 2025 is $384.6M, comprising $379.7M in cash and cash equivalents (CCE) plus $4.9M in short-term investments — reported as B2Gold Corp. cash and short-term investments on the balance sheet (10-K filing). Also referred to as B2Gold Corp. cash reserves or cash position.

B2Gold Corp. annual cash on hand history shows increased +10.4% in 2025: increased +10.4% in 2025. B2Gold Corp. cash reserves in 2025 reflect the company's capital allocation strategy.

B2Gold Corp. carries total debt of $629.3M against cash of $384.6M, resulting in a net debt position of -$244.7M. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

BTO.TO cash on hand · 5 questions

As of December 31, 2025, B2Gold Corp. (BTO.TO) has $384,590,826 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $379,731,684 in cash and cash equivalents (CCE) plus $4,859,142 in short-term investments. Latest quarter (March 31, 2026): $482,399,833. Data sourced from the annual 10-K filing via FMP.

BTO.TO cash on handBTO.TO cash reservesBTO.TO cash 2025how much cash does BTO.TO have

▸ Source: FMP /balance-sheet-statement · US GAAP · B2Gold Corp. · B2Gold Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025