B2GOLD CORP (BTG) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: March 11, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 1.71% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

1.3B

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

BTG currently has 1.34B outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.71% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Mar 11, 2026	40-F filing \| 1340.6M shares outstanding	1.3B
Mar 28, 2025	40-F filing \| 1318.0M shares outstanding	1.3B
Mar 15, 2024	40-F filing \| 1302.4M shares outstanding	1.3B
Mar 16, 2023	40-F filing \| 1074.7M shares outstanding	1.1B
Mar 30, 2022	40-F filing \| 1056.3M shares outstanding	1.1B
Mar 30, 2021	40-F filing \| 1051.1M shares outstanding	1.1B
Mar 20, 2020	40-F filing \| 1030.4M shares outstanding	1B

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