B2Gold Corp (BTO) — Free Cash Flow Generation Index
Latest as of March 2026:
0.69x
B2Gold Corp (BTO) has a Free Cash Flow Generation Index of 0.69x as of March 2026. Free cash flow of CA$358.77 Million represents 1% of operating cash flow (CA$522.04 Million). Read BTO liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
0.69x
Free Cash Flow / Operating CF
Free Cash Flow
CA$358.77 Million
CAD
Operating Cash Flow
CA$522.04 Million
CAD
Capital Expenditures
CA$163.27 Million
CAD
B2Gold Corp Free Cash Flow Generation Index (2010–2025)
Historical FCF Generation Index trend for B2Gold Corp across 16 annual periods. Explore BTO capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for B2Gold Corp (2010–2025)
Year-by-year Free Cash Flow Generation Index for B2Gold Corp. For the full company profile including market capitalisation, see BTO stock market capitalisation.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.07x | CA$66.38 Million | CA$892.75 Million | CA$826.37 Million | ▲ +32920.4% |
| 2024 | 0.00x | CA$185.63K | CA$824.38 Million | CA$824.19 Million | ▲ +100.6% |
| 2023 | -0.04x | CA$-25.37 Million | CA$721.38 Million | CA$746.75 Million | ▼ -106.6% |
| 2022 | 0.53x | CA$303.59 Million | CA$573.74 Million | CA$270.15 Million | ▼ -19.5% |
| 2021 | 0.66x | CA$463.76 Million | CA$705.83 Million | CA$242.07 Million | ▼ -2.7% |
| 2020 | 0.68x | CA$665.94 Million | CA$985.77 Million | CA$319.83 Million | ▲ +52.2% |
| 2019 | 0.44x | CA$207.73 Million | CA$467.99 Million | CA$260.27 Million | ▼ -4.4% |
| 2018 | 0.46x | CA$182.91 Million | CA$394.09 Million | CA$211.18 Million | ▲ +126.2% |
| 2017 | -1.77x | CA$-242.91 Million | CA$137.14 Million | CA$380.05 Million | ▼ -1738.9% |
| 2016 | 0.11x | CA$41.68 Million | CA$385.62 Million | CA$343.94 Million | ▲ +119.1% |
| 2015 | -0.57x | CA$-84.04 Million | CA$148.51 Million | CA$232.55 Million | ▲ +73.3% |
| 2014 | -2.12x | CA$-211.67 Million | CA$99.72 Million | CA$311.39 Million | ▼ -71.8% |
| 2013 | -1.24x | CA$-182.97 Million | CA$148.12 Million | CA$331.09 Million | ▼ -258.6% |
| 2012 | -0.34x | CA$-36.19 Million | CA$105.04 Million | CA$141.23 Million | ▼ -539.2% |
| 2011 | 0.08x | CA$7.79 Million | CA$99.31 Million | CA$91.52 Million | ▲ +134.1% |
| 2010 | -0.23x | CA$-8.14 Million | CA$35.35 Million | CA$43.48 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).