B2GOLD CORP

Ticker: BTG CUSIP: 11777Q209 Class: COM

STRATEGIC INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0000846633)

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

Q1 2014

Shares 64,722 Value ($000) $174 Avg Close $2.09 Range $1.61 - $2.66

Q4 2013

Shares 64,722 Value ($000) $158 Avg Close $1.78 Range $1.48 - $2.20

Q3 2013

Shares 21,870 Value ($000) $54 Avg Close $2.16 Range $1.65 - $2.86

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	64,722	$174	$2.09	$1.61 - $2.66
Q4 2013	64,722	$158	$1.78	$1.48 - $2.20
Q3 2013	21,870	$54	$2.16	$1.65 - $2.86