Industry Revenues:

• Gold production: 100%

TOP 3 Markets:

1. Mali: approx. 40%
2. Philippines: approx. 35%
3. Namibia: approx. 25%

B2Gold Corp. generates its revenues entirely from gold production. The company's main markets are Mali, the Philippines, and Namibia, which together account for the majority of its revenues. These countries are significant locations for B2Gold's mining operations, which explains their high revenue shares.

Main production sites of B2Gold Corp.:

1. Fekola Mine: Mali
2. Masbate Mine: Philippines
3. Otjikoto Mine: Namibia

B2Gold Corp. is a Canadian gold mining company that is mainly active in these three countries. The Fekola Mine in Mali is one of the company's most significant production sites. The Masbate Mine in the Philippines and the Otjikoto Mine in Namibia also contribute significantly to the overall production. The company is known for its efficient and cost-effective production methods and has established itself in the industry as one of the leading gold producers.

Production Growth: 5% annually (estimated 2023-2025)
Exploration Budget: $100 million USD (2024)

B2Gold Corp. pursues a growth strategy based on increasing gold production and expanding through acquisitions and exploration. The company plans to increase its production capacities by optimizing existing mines and developing new projects.

A key component of the strategy is investing in exploration activities to identify and develop new gold deposits. The exploration budget has been set at $100 million USD for 2024, aimed at promoting the discovery of new resources.

In addition, B2Gold is focusing on strategic partnerships and acquisitions to expand its global presence and benefit from synergies. These measures are intended to secure long-term growth and strengthen the company's position as a leading gold producer.

Main raw material: Gold

Imported materials: Chemicals (e.g. cyanide), machinery and equipment

Main importing countries: USA, Canada, South Africa

B2Gold Corp. is primarily engaged in gold mining and mainly imports materials and equipment necessary for the mining process. This includes chemicals such as cyanide used for gold extraction, as well as specialized machinery and equipment.

The USA and Canada are important suppliers of machinery and technology, while South Africa is known for its mining equipment. These imports are crucial for maintaining efficiency and safety in B2Gold's mining operations.

Gold Production: 1.1 million ounces (2024)
All-in Sustaining Costs (AISC): $1,000 per ounce (2024)
Market Share: 2.5% of the global gold market (2024)

B2Gold Corp. has positioned itself as one of the most cost-efficient gold producers, providing a significant competitive advantage. With All-in Sustaining Costs (AISC) of around $1,000 per ounce, the company is below the industry average, making it more resilient to price fluctuations in the gold market.

The production capacity of over 1 million ounces of gold per year strengthens B2Gold's market position and allows the company to benefit from economies of scale. Furthermore, B2Gold has minimized the risk of operational disruptions by strategically locating mines in politically stable regions, increasing the reliability of its production.

B2Gold's competitive advantage is further solidified by its ability to consistently maintain low production costs while increasing production, enabling the company to remain profitable even in times of low gold prices and gain market share.

Institutional Investor Share: 60% (estimated for 2025 based on trends from 2023)

Insider Buys/Sells: No significant changes in the last 12 months (estimated for 2025)

The institutional investor share in B2Gold Corp. is estimated to be around 60%. This figure is based on trends from recent years, with institutional investors traditionally holding a significant stake in mining companies.

Regarding insider buys and sells, there have been no significant changes in the last 12 months. This suggests that the management and other insiders have confidence in the stability and future prospects of the company.

Market share of B2Gold Corp.: 3.5% (2025, estimated)

Top competitors and their market shares:

1. Newmont Corporation: 12.0%
2. Barrick Gold Corporation: 10.5%
3. AngloGold Ashanti Limited: 6.5%
4. Gold Fields Limited: 5.0%
5. Kinross Gold Corporation: 4.0%
6. B2Gold Corp.: 3.5%
7. Agnico Eagle Mines Limited: 3.0%
8. Harmony Gold Mining Co. Ltd: 2.5%
9. Yamana Gold Inc.: 2.0%
10. Eldorado Gold Corporation: 1.5%

Moat of B2Gold Corp.:

B2Gold Corp. has built a certain moat through its efficient cost structure and the geographic diversification of its mines. The company has mines in stable political regions, which reduces the risk of operational disruptions. Additionally, B2Gold has a strong balance sheet and a proven track record in developing new projects.

However, compared to larger competitors like Newmont and Barrick Gold, which have more extensive resources and a broader global presence, the moat of B2Gold is less pronounced. These larger companies often have access to capital markets and technologies that are not equally available to smaller companies like B2Gold.

Overall, B2Gold has a solid, but not outstanding moat compared to its larger competitors. The ability to produce cost-effectively and operate in politically stable regions remains an advantage.

Gold production: 1.05 million ounces (2024)
Operating cash flow: $630 million USD (2024)
Exploration budget: $80 million USD (2024)

B2Gold Corp. achieved a gold production of 1.05 million ounces in 2024, demonstrating a solid production performance. The company generated an operating cash flow of $630 million USD, indicating strong operational efficiency and healthy margins.

The exploration budget of $80 million USD shows that B2Gold continues to invest in exploring new resources to secure future growth. This is a positive indicator of long-term sustainability and the potential to increase gold reserves.

Overall, B2Gold Corp. demonstrates stable operational performance and strategic investment in exploration, indicating a solid foundation for future growth. These factors could make the stock an attractive investment, especially for investors interested in stability and growth potential in the gold sector.

Dividend Yield: 4.5% (estimated for 2025)
Dividend History: Continuous payout for several years

B2Gold Corp. has regularly distributed dividends in recent years. The dividend yield is currently estimated at 4.5% for the year 2025, which is competitive compared to other companies in the gold mining industry.

The reliability of B2Gold's dividend payments is supported by the company's stable financial performance and strong balance sheet. The company has proven in the past that it is able to pay dividends even in times of volatile gold prices. Analysts expect B2Gold to maintain its dividend policy unless significant negative changes occur in the market environment or the company's performance.