B2GOLD CORP

Ticker: BTG CUSIP: 11777Q209 Class: COM

Rock Point Advisors, LLC's Holding History (CIK: 0001301540)

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

Q3 2015

Shares 14,436 Value ($000) $15 Avg Close $0.97 Range $0.78 - $1.25

Q2 2015

Shares 19,436 Value ($000) $30 Avg Close $1.29 Range $1.18 - $1.43

Q1 2015

Shares 19,436 Value ($000) $30 Avg Close $1.40 Range $1.11 - $1.90

Q4 2014

Shares 19,436 Value ($000) $31 Avg Close $1.45 Range $1.15 - $1.86

Q3 2014

Shares 19,436 Value ($000) $39 Avg Close $2.01 Range $1.58 - $2.37

Q2 2014

Shares 19,436 Value ($000) $57 Avg Close $2.17 Range $1.74 - $2.42

Q1 2014

Shares 19,436 Value ($000) $52 Avg Close $2.09 Range $1.61 - $2.66

Q4 2013

Shares 19,436 Value ($000) $39 Avg Close $1.78 Range $1.48 - $2.20

Q3 2013

Shares 19,436 Value ($000) $48 Avg Close $2.16 Range $1.65 - $2.86

Q2 2013

Shares 19,436 Value ($000) $41 Avg Close $1.91 Range $1.42 - $2.46

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	14,436	$15	$0.97	$0.78 - $1.25
Q2 2015	19,436	$30	$1.29	$1.18 - $1.43
Q1 2015	19,436	$30	$1.40	$1.11 - $1.90
Q4 2014	19,436	$31	$1.45	$1.15 - $1.86
Q3 2014	19,436	$39	$2.01	$1.58 - $2.37
Q2 2014	19,436	$57	$2.17	$1.74 - $2.42
Q1 2014	19,436	$52	$2.09	$1.61 - $2.66
Q4 2013	19,436	$39	$1.78	$1.48 - $2.20
Q3 2013	19,436	$48	$2.16	$1.65 - $2.86
Q2 2013	19,436	$41	$1.91	$1.42 - $2.46