B2Gold Corp (BTO) — Cash Flow Reinvestment Rate

Latest as of March 2026: 0.32x

B2Gold Corp (BTO) has a Cash Flow Reinvestment Rate of 0.32x as of March 2026, reinvesting CA$165.56 Million (capex CA$163.27 Million plus investments CA$2.29 Million) from operating cash flow of CA$522.04 Million. Explore BTO capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

0.32x
(Capex + Investments) / Operating CF

Total Reinvested

CA$165.56 Million
Capex + Investments

Operating Cash Flow

CA$522.04 Million
CAD

Capital Expenditures

CA$163.27 Million
CAD

B2Gold Corp Cash Flow Reinvestment Rate (2010–2025)

Historical reinvestment intensity for B2Gold Corp across 16 annual periods. Also explore BTO total assets for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for B2Gold Corp (2010–2025)

Year-by-year capital reinvestment analysis for B2Gold Corp. For live market cap and broader valuation context, see market value of B2Gold Corp.

Year Reinvestment Rate Total Reinvested (CAD) Operating CF Capex YoY Change
2025 0.94x CA$842.31 Million CA$892.75 Million CA$826.37 Million ▼ -51.0%
2024 1.93x CA$1.59 Billion CA$824.38 Million CA$824.19 Million ▼ -2.5%
2023 1.98x CA$1.43 Billion CA$721.38 Million CA$746.75 Million ▲ +72.0%
2022 1.15x CA$658.94 Million CA$573.74 Million CA$270.15 Million ▲ +198.1%
2021 0.39x CA$271.90 Million CA$705.83 Million CA$242.07 Million ▼ -42.3%
2020 0.67x CA$657.78 Million CA$985.77 Million CA$319.83 Million ▼ -40.3%
2019 1.12x CA$523.06 Million CA$467.99 Million CA$260.27 Million ▼ -9.1%
2018 1.23x CA$484.64 Million CA$394.09 Million CA$211.18 Million ▼ -76.8%
2017 5.30x CA$726.89 Million CA$137.14 Million CA$380.05 Million ▲ +177.8%
2016 1.91x CA$735.79 Million CA$385.62 Million CA$343.94 Million ▲ +15.9%
2015 1.65x CA$244.51 Million CA$148.51 Million CA$232.55 Million ▼ -48.2%
2014 3.18x CA$316.88 Million CA$99.72 Million CA$311.39 Million ▲ +37.8%
2013 2.31x CA$341.54 Million CA$148.12 Million CA$331.09 Million ▲ +71.5%
2012 1.34x CA$141.23 Million CA$105.04 Million CA$141.23 Million ▲ +45.9%
2011 0.92x CA$91.52 Million CA$99.31 Million CA$91.52 Million ▼ -25.1%
2010 1.23x CA$43.48 Million CA$35.35 Million CA$43.48 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow