B2Gold (TSX:BTO) Ending Cash Position: C$658 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:BTO B2Gold Corp TSX:BTO
90 GF Score
Price C$5.45
GF Value C$7.31
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is B2Gold Ending Cash Position?

B2Gold TSX:BTO +0.18% 90 Ending Cash Position is C$658 Mil as of Mar. 2026. GuruFocus rates TSX:BTO with a GF Score™ of 90/100 and a GF Value™ of C$7.31 (Modestly Undervalued). The stock has 6 warning signs investors should review.

B2Gold's Ending Cash Position for the quarter that ended in Mar. 2026 was C$658 Mil.

B2Gold's quarterly Ending Cash Position increased from Sep. 2025 (C$508 Mil) to Dec. 2025 (C$525 Mil) and increased from Dec. 2025 (C$525 Mil) to Mar. 2026 (C$658 Mil).

B2Gold's annual Ending Cash Position increased from Dec. 2023 (C$412 Mil) to Dec. 2024 (C$480 Mil) and increased from Dec. 2024 (C$480 Mil) to Dec. 2025 (C$525 Mil).

B2Gold Ending Cash Position Related Terms

B2Gold Ending Cash Position Historical Data

* Premium members only.

The historical data trend for B2Gold's Ending 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 Ending Cash Position Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Ending Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 861.44 885.67 411.73 480.08 524.80

B2Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Ending 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 473.93 421.65 508.02 524.80 657.73
TSX:BTO
90GF Score
B2Gold Corp TSX:BTO
Ending Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B2Gold Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

B2Gold's Ending Cash Position for the fiscal year that ended in Dec. 2025 is calculated as

Ending Cash Position= Beginning Cash Position+Net Change in Cash
=464.852+59.943
=525

B2Gold's Ending Cash Position for the quarter that ended in Mar. 2026 is calculated as

Ending Cash Position=Beginning Cash Position+Net Change in Cash
=525.638+132.091
=658

Frequently Asked Questions Learn more about Ending Cash Position →
What does a Ending Cash Position of C$658 Mil mean?
B2Gold (TSX:BTO) has a Ending Cash Position of C$658 Mil as of Mar. 2026. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on B2Gold and its competitors.
Is B2Gold's Ending Cash Position too high?
B2Gold's current Ending Cash Position is C$658 Mil. Overall, B2Gold has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Ending Cash Position compare to NEM and AU?
B2Gold's Ending Cash Position of C$658 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 Ending Cash Position for a Metals & Mining company?
A good Ending Cash Position depends on the Metals & Mining industry context. However, Ending 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 Ending Cash Position mean?
A high Ending Cash Position can signal that a stock is expensive relative to its fundamentals. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on B2Gold and its competitors. B2Gold's current Ending Cash Position is C$658 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$7.31, compared to a current price of C$5.45 — trading 25.4% below its estimated fair value. The current Ending Cash Position is C$658 Mil. B2Gold's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Ending Cash Position calculated?
Ending Cash Position is calculated from a company's financial statements. For B2Gold (TSX:BTO), the current Ending Cash Position is C$658 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$5.45 is trading 25.4% below its estimated GF Value™ of C$7.31. GuruFocus considers B2Gold to be Modestly Undervalued.

Key valuation signals for TSX:BTO:

  • Ending Cash Position: C$658 Mil
  • GF Value™: C$7.31 vs. price of C$5.45 (25.4% below fair value)
  • GF Score™: 90/100 with 6 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.
90GF Score

Get the complete analysis for TSX:BTO

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

C$5.45
Price
C$7.31
GF Value