B2GOLD CORP

Ticker: BTG CUSIP: 11777Q209 Class: COM

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q4 2025

Shares 125,493 Value ($000) $566 Avg Close $4.66 Range $3.71 - $5.94

Q3 2024

Shares 40,100 Value ($000) $124 Avg Close $2.80 Range $2.25 - $3.33

Q2 2024

Shares 68,800 Value ($000) $186 Avg Close $2.56 Range $2.33 - $2.90

Q1 2024

Shares 89,220 Value ($000) $233 Avg Close $2.52 Range $2.18 - $3.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	125,493	$566	$4.66	$3.71 - $5.94
Q3 2024	40,100	$124	$2.80	$2.25 - $3.33
Q2 2024	68,800	$186	$2.56	$2.33 - $2.90
Q1 2024	89,220	$233	$2.52	$2.18 - $3.00