B2GOLD CORP

Ticker: BTG CUSIP: 11777Q209 Class: COM

DONALD SMITH & CO., INC.'s Holding History (CIK: 0000814375)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 1,974,100 Value ($000) $2,014 Avg Close $0.91 Range $0.79 - $1.17

Q3 2015

Shares 1,974,100 Value ($000) $2,073 Avg Close $0.97 Range $0.78 - $1.25

Q2 2015

Shares 1,974,100 Value ($000) $3,020 Avg Close $1.29 Range $1.18 - $1.43

Q1 2015

Shares 5,487,490 Value ($000) $8,341 Avg Close $1.40 Range $1.11 - $1.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	1,974,100	$2,014	$0.91	$0.79 - $1.17
Q3 2015	1,974,100	$2,073	$0.97	$0.78 - $1.25
Q2 2015	1,974,100	$3,020	$1.29	$1.18 - $1.43
Q1 2015	5,487,490	$8,341	$1.40	$1.11 - $1.90