B2GOLD CORP

Ticker: BTG CUSIP: 11777Q209 Class: COM

Maryland State Retirement & Pension System's Holding History (CIK: 0001795552)

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

Q4 2025

Shares 684,556 Value ($000) $3,084 Avg Close $4.66 Range $3.71 - $5.94

Q3 2025

Shares 689,956 Value ($000) $3,410 Avg Close $3.93 Range $3.31 - $5.07

Q2 2025

Shares 703,216 Value ($000) $2,543 Avg Close $3.27 Range $2.52 - $3.83

Q1 2025

Shares 690,156 Value ($000) $1,961 Avg Close $2.66 Range $2.17 - $3.33

Q4 2024

Shares 663,363 Value ($000) $1,628 Avg Close $2.87 Range $2.37 - $3.41

Q3 2024

Shares 642,968 Value ($000) $1,987 Avg Close $2.80 Range $2.25 - $3.33

Q2 2024

Shares 642,968 Value ($000) $1,725 Avg Close $2.56 Range $2.33 - $2.90

Q1 2024

Shares 873,747 Value ($000) $2,322 Avg Close $2.52 Range $2.18 - $3.00

Q4 2023

Shares 859,099 Value ($000) $2,718 Avg Close $2.91 Range $2.55 - $3.20

Q3 2023

Shares 1,065,434 Value ($000) $3,060 Avg Close $2.96 Range $2.60 - $3.48

Q2 2023

Shares 1,042,448 Value ($000) $3,716 Avg Close $3.52 Range $3.10 - $3.95

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	684,556	$3,084	$4.66	$3.71 - $5.94
Q3 2025	689,956	$3,410	$3.93	$3.31 - $5.07
Q2 2025	703,216	$2,543	$3.27	$2.52 - $3.83
Q1 2025	690,156	$1,961	$2.66	$2.17 - $3.33
Q4 2024	663,363	$1,628	$2.87	$2.37 - $3.41
Q3 2024	642,968	$1,987	$2.80	$2.25 - $3.33
Q2 2024	642,968	$1,725	$2.56	$2.33 - $2.90
Q1 2024	873,747	$2,322	$2.52	$2.18 - $3.00
Q4 2023	859,099	$2,718	$2.91	$2.55 - $3.20
Q3 2023	1,065,434	$3,060	$2.96	$2.60 - $3.48
Q2 2023	1,042,448	$3,716	$3.52	$3.10 - $3.95