B2Gold (MEX:BTGN) Construction In Progress: MXN252 Mil (As of Mar. 2026)


MEX:BTGN B2Gold Corp MEX:BTGN
84 GF Score
Price MXN70.20
GF Value MXN88.32
Valuation Modestly Undervalued
! 6 Warning Signs
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What is B2Gold Construction In Progress?

B2Gold MEX:BTGN +4.15% 84 Construction In Progress is MXN252 Mil as of Mar. 2026. GuruFocus rates MEX:BTGN with a GF Score™ of 84/100 and a GF Value™ of MXN88.32 (Modestly Undervalued). The stock has 6 warning signs investors should review.

B2Gold's quarterly construction in progress declined from Sep. 2025 (MXN28,562 Mil) to Dec. 2025 (MXN173 Mil) but then increased from Dec. 2025 (MXN173 Mil) to Mar. 2026 (MXN252 Mil).

B2Gold's annual construction in progress increased from Dec. 2023 (MXN23,665 Mil) to Dec. 2024 (MXN26,358 Mil) but then declined from Dec. 2024 (MXN26,358 Mil) to Dec. 2025 (MXN173 Mil).

B2Gold Construction In Progress Historical Data

* Premium members only.

The historical data trend for B2Gold's Construction In Progress 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 Construction In Progress Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 323.56 23,664.53 26,358.16 172.84

B2Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 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 0.00 29,366.53 28,562.16 172.84 251.74
MEX:BTGN
84GF Score
B2Gold Corp MEX:BTGN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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B2Gold Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of MXN252 Mil mean?
B2Gold (MEX:BTGN) has a Construction In Progress of MXN252 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on B2Gold and its competitors.
Is B2Gold's Construction In Progress too high?
B2Gold's current Construction In Progress is MXN252 Mil. Overall, B2Gold has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Construction In Progress compare to NEM and AU?
B2Gold's Construction In Progress of MXN252 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 Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on B2Gold and its competitors. B2Gold's current Construction In Progress is MXN252 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 (MEX:BTGN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN88.32, compared to a current price of MXN70.20 — trading 20.5% below its estimated fair value. The current Construction In Progress is MXN252 Mil. B2Gold's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For B2Gold (MEX:BTGN), the current Construction In Progress is MXN252 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 (MEX:BTGN) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of MXN70.20 is trading 20.5% below its estimated GF Value™ of MXN88.32. GuruFocus considers B2Gold to be Modestly Undervalued.

Key valuation signals for MEX:BTGN:

  • Construction In Progress: MXN252 Mil
  • GF Value™: MXN88.32 vs. price of MXN70.20 (20.5% below fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the MEX:BTGN 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.
84GF Score

Get the complete analysis for MEX:BTGN

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN70.20
Price
MXN88.32
GF Value