B2Gold Corp (BTO) — Capital Reinvestment Ratio

Latest as of March 2026: 0.31x

B2Gold Corp (BTO) has a Capital Reinvestment Ratio of 0.31x as of March 2026, meaning it reinvests 0% of its operating cash flow (CA$522.04 Million) in capital expenditures (CA$163.27 Million). See BTO free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.

Capital Reinvestment Ratio

0.31x
Capex / Operating Cash Flow

Operating Cash Flow

CA$522.04 Million
CAD

Capital Expenditures

CA$163.27 Million
CAD

Data as of

Mar 2026
Most recent filing

B2Gold Corp Capital Reinvestment Ratio (2010–2025)

This chart tracks B2Gold Corp's Capital Reinvestment Ratio across 16 annual periods.

Annual Capital Reinvestment Ratio for B2Gold Corp (2010–2025)

Year-by-year Capital Reinvestment Ratio for B2Gold Corp from 2010 to 2025. For live market cap and broader valuation context, see B2Gold Corp (BTO) total market value.

Year Reinvestment Ratio Operating CF (CAD) Capital Expenditures YoY Change
2025 0.93x CA$892.75 Million CA$826.37 Million ▼ -7.4%
2024 1.00x CA$824.38 Million CA$824.19 Million ▼ -3.4%
2023 1.04x CA$721.38 Million CA$746.75 Million ▲ +119.8%
2022 0.47x CA$573.74 Million CA$270.15 Million ▲ +37.3%
2021 0.34x CA$705.83 Million CA$242.07 Million ▲ +5.7%
2020 0.32x CA$985.77 Million CA$319.83 Million ▼ -41.7%
2019 0.56x CA$467.99 Million CA$260.27 Million ▲ +3.8%
2018 0.54x CA$394.09 Million CA$211.18 Million ▼ -80.7%
2017 2.77x CA$137.14 Million CA$380.05 Million ▲ +210.7%
2016 0.89x CA$385.62 Million CA$343.94 Million ▼ -43.0%
2015 1.57x CA$148.51 Million CA$232.55 Million ▼ -49.9%
2014 3.12x CA$99.72 Million CA$311.39 Million ▲ +39.7%
2013 2.24x CA$148.12 Million CA$331.09 Million ▲ +66.3%
2012 1.34x CA$105.04 Million CA$141.23 Million ▲ +45.9%
2011 0.92x CA$99.31 Million CA$91.52 Million ▼ -25.1%
2010 1.23x CA$35.35 Million CA$43.48 Million —
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow