B2Gold (NAM:B2G) Selling, General, & Admin. Expense: R1,712 Mil (TTM 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.

NAM:B2G B2Gold Corp NAM:B2G
90 GF Score
Price R56.42
GF Value R75.61
! 6 Warning Signs
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What is B2Gold Selling, General, & Admin. Expense?

B2Gold NAM:B2G 90 Selling, General, & Admin. Expense is R1,712 Mil as of Mar. 2026. GuruFocus rates NAM:B2G with a GF Score™ of 90/100 and a GF Value™ of R75.61. The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. B2Gold's selling, general, & admin. expense for the three months ended in Mar. 2026 was R423 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was R1,712 Mil.


B2Gold  (NAM:B2G) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


B2Gold Selling, General, & Admin. Expense Related Terms


B2Gold Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for B2Gold's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,156.21 1,370.68 1,551.83 1,533.26 1,549.30

B2Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense 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 322.74 426.20 387.10 475.32 423.06

NAM:B2G vs NEM, AU: Selling, General, & Admin. Expense Comparison

For the Gold subindustry, B2Gold's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


B2Gold Selling, General, & Admin. Expense vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where B2Gold's Selling, General, & Admin. Expense falls into.


NAM:B2G
90GF Score
B2Gold Corp NAM:B2G
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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B2Gold Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R1,712 Mil.

* 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.

What does a Selling, General, & Admin. Expense of R1,712 Mil mean?
B2Gold (NAM:B2G) has a Selling, General, & Admin. Expense of R1,712 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on B2Gold and its competitors.
Is B2Gold's Selling, General, & Admin. Expense too high?
B2Gold's current Selling, General, & Admin. Expense is R1,712 Mil. Overall, B2Gold has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Selling, General, & Admin. Expense compare to NEM and AU?
B2Gold's Selling, General, & Admin. Expense of R1,712 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 Selling, General, & Admin. Expense for a Metals & Mining company?
A good Selling, General, & Admin. Expense depends on the Metals & Mining industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on B2Gold and its competitors. B2Gold's current Selling, General, & Admin. Expense is R1,712 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?
B2Gold (NAM:B2G) has a current Selling, General, & Admin. Expense of R1,712 Mil. The stock's GF Value™ is R75.61, compared to a current price of R56.42 — trading 25.4% below its estimated fair value. The current Selling, General, & Admin. Expense is R1,712 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 Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For B2Gold (NAM:B2G), the current Selling, General, & Admin. Expense is R1,712 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 (NAM:B2G) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of R56.42 is trading 25.4% below its estimated GF Value™ of R75.61.

Key valuation signals for NAM:B2G:

  • Selling, General, & Admin. Expense: R1,712 Mil
  • GF Value™: R75.61 vs. price of R56.42 (25.4% below fair value)
  • GF Score™: 90/100 with 6 warning signs

No single metric tells the full story. See the NAM:B2G 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 NAM:B2G

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R56.42
Price
R75.61
GF Value