B2Gold (TSX:BTO) Beginning Cash Position: C$526 Mil (As of Mar. 2026)

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TSX:BTO B2Gold Corp TSX:BTO
87 GF Score
Price C$5.14
GF Value C$7.25
Valuation Modestly Undervalued
! 7 Warning Signs
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What is B2Gold Beginning Cash Position?

B2Gold TSX:BTO -3.75% 87 Beginning Cash Position is C$526 Mil as of Mar. 2026. GuruFocus rates TSX:BTO with a GF Score™ of 87/100 and a GF Value™ of C$7.25 (Modestly Undervalued). The stock has 7 warning signs investors should review.

B2Gold's Beginning Cash Position for the quarter that ended in Mar. 2026 was C$526 Mil.

B2Gold's quarterly Beginning Cash Position increased from Sep. 2025 (C$427 Mil) to Dec. 2025 (C$507 Mil) and increased from Dec. 2025 (C$507 Mil) to Mar. 2026 (C$526 Mil).

B2Gold's annual Beginning Cash Position declined from Dec. 2023 (C$875 Mil) to Dec. 2024 (C$437 Mil) but then increased from Dec. 2024 (C$437 Mil) to Dec. 2025 (C$465 Mil).

B2Gold Beginning Cash Position Related Terms

B2Gold Beginning Cash Position Historical Data

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The historical data trend for B2Gold's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

B2Gold Beginning Cash Position Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 614.00 914.27 874.65 437.23 464.85

B2Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 483.76 451.21 426.77 506.59 525.64
TSX:BTO
87GF Score
B2Gold Corp TSX:BTO
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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B2Gold Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of C$526 Mil mean?
B2Gold (TSX:BTO) has a Beginning Cash Position of C$526 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on B2Gold and its competitors.
Is B2Gold's Beginning Cash Position too high?
B2Gold's current Beginning Cash Position is C$526 Mil. Overall, B2Gold has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Beginning Cash Position compare to NEM and AU?
B2Gold's Beginning Cash Position of C$526 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Metals & Mining company?
A good Beginning Cash Position depends on the Metals & Mining industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on B2Gold and its competitors. B2Gold's current Beginning Cash Position is C$526 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
Based on GuruFocus' analysis, B2Gold (TSX:BTO) is currently considered Modestly Undervalued. The stock's GF Value™ is C$7.25, compared to a current price of C$5.14 — trading 29.1% below its estimated fair value. The current Beginning Cash Position is C$526 Mil. B2Gold's overall GF Score™ is 87/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For B2Gold (TSX:BTO), the current Beginning Cash Position is C$526 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is B2Gold (TSX:BTO) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of C$5.14 is trading 29.1% below its estimated GF Value™ of C$7.25. GuruFocus considers B2Gold to be Modestly Undervalued.

Key valuation signals for TSX:BTO:

  • Beginning Cash Position: C$526 Mil
  • GF Value™: C$7.25 vs. price of C$5.14 (29.1% below fair value)
  • GF Score™: 87/100 with 7 warning signs

No single metric tells the full story. See the TSX:BTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

B2Gold Business Description

Address 666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
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.
87GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$5.14
Price
C$7.25
GF Value