B2GOLD CORP

Ticker: BTG CUSIP: 11777Q209 Class: COM

PKO Investment Management Joint-Stock Co's Holding History (CIK: 0002059321)

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

Q4 2025

Shares 460,000 Value ($000) $2,075 Avg Close $4.66 Range $3.71 - $5.94

Q3 2025

Shares 425,000 Value ($000) $2,102 Avg Close $3.93 Range $3.31 - $5.07

Q2 2025

Shares 449,000 Value ($000) $1,615 Avg Close $3.27 Range $2.52 - $3.83

Q1 2025

Shares 519,000 Value ($000) $1,479 Avg Close $2.66 Range $2.17 - $3.33

Q4 2024

Shares 619,000 Value ($000) $1,516 Avg Close $2.87 Range $2.37 - $3.41

Q3 2024

Shares 689,000 Value ($000) $2,130 Avg Close $2.80 Range $2.25 - $3.33

Q2 2024

Shares 839,000 Value ($000) $2,246 Avg Close $2.56 Range $2.33 - $2.90

Q1 2024

Shares 839,000 Value ($000) $2,199 Avg Close $2.52 Range $2.18 - $3.00

Q4 2023

Shares 839,000 Value ($000) $2,653 Avg Close $2.91 Range $2.55 - $3.20

Q3 2023

Shares 689,000 Value ($000) $1,998 Avg Close $2.96 Range $2.60 - $3.48

Q2 2023

Shares 694,000 Value ($000) $2,471 Avg Close $3.52 Range $3.10 - $3.95

Q1 2023

Shares 773,000 Value ($000) $3,045 Avg Close $3.31 Range $2.82 - $3.72

Q4 2022

Shares 708,000 Value ($000) $2,513 Avg Close $2.93 Range $2.50 - $3.29

Q3 2022

Shares 878,000 Value ($000) $2,851 Avg Close $2.86 Range $2.47 - $3.14

Q2 2022

Shares 808,000 Value ($000) $2,728 Avg Close $3.59 Range $2.93 - $4.35

Q1 2022

Shares 808,000 Value ($000) $3,703 Avg Close $3.42 Range $2.88 - $4.08

Q4 2021

Shares 863,000 Value ($000) $3,379 Avg Close $3.38 Range $2.83 - $3.96

Q3 2021

Shares 1,218,000 Value ($000) $4,146 Avg Close $3.22 Range $2.77 - $3.59

Q2 2021

Shares 130,000 Value ($000) $544 Avg Close $4.03 Range $3.41 - $4.42

Q1 2021

Shares 130,676 Value ($000) $561 Avg Close $3.99 Range $3.43 - $4.93

Q4 2020

Shares 10,676 Value ($000) $60 Avg Close $4.96 Range $4.17 - $5.79

Q3 2020

Shares 470,676 Value ($000) $3,045 Avg Close $5.24 Range $4.38 - $6.09

Q2 2020

Shares 490,676 Value ($000) $2,768 Avg Close $4.03 Range $2.43 - $4.63

Q1 2020

Shares 575,676 Value ($000) $1,728 Avg Close $3.18 Range $1.73 - $3.95

Q4 2019

Shares 655,676 Value ($000) $2,621 Avg Close $2.82 Range $2.48 - $3.26

Q3 2019

Shares 775,676 Value ($000) $2,525 Avg Close $2.69 Range $2.30 - $3.21

Q2 2019

Shares 1,122,500 Value ($000) $3,410 Avg Close $2.18 Range $1.92 - $2.52

Q1 2019

Shares 1,077,500 Value ($000) $2,999 Avg Close $2.38 Range $2.10 - $2.68

Q4 2018

Shares 892,500 Value ($000) $2,616 Avg Close $2.08 Range $1.81 - $2.35

Q3 2018

Shares 687,500 Value ($000) $1,554 Avg Close $1.89 Range $1.68 - $2.08

Q2 2018

Shares 315,700 Value ($000) $814 Avg Close $2.18 Range $2.01 - $2.41

Q1 2018

Shares 315,700 Value ($000) $866 Avg Close $2.35 Range $2.12 - $2.64

Q4 2017

Shares 315,700 Value ($000) $977 Avg Close $2.15 Range $1.94 - $2.50

Q3 2017

Shares 315,700 Value ($000) $874 Avg Close $2.11 Range $1.85 - $2.31

Q2 2017

Shares 315,700 Value ($000) $887 Avg Close $2.11 Range $1.72 - $2.36

Q1 2017

Shares 315,700 Value ($000) $897 Avg Close $2.40 Range $1.90 - $2.84

Q4 2016

Shares 165,700 Value ($000) $392 Avg Close $1.98 Range $1.61 - $2.43

Q3 2016

Shares 110,000 Value ($000) $287 Avg Close $2.37 Range $1.97 - $2.92

Q4 2015

Shares 348,933 Value ($000) $352 Avg Close $0.91 Range $0.79 - $1.17

Q3 2015

Shares 348,933 Value ($000) $367 Avg Close $0.97 Range $0.78 - $1.25

Q2 2015

Shares 288,933 Value ($000) $445 Avg Close $1.29 Range $1.18 - $1.43

Q1 2015

Shares 205,533 Value ($000) $305 Avg Close $1.40 Range $1.11 - $1.90

Q4 2014

Shares 217,533 Value ($000) $357 Avg Close $1.45 Range $1.15 - $1.86

Q3 2014

Shares 132,533 Value ($000) $271 Avg Close $2.01 Range $1.58 - $2.37

Q2 2014

Shares 41,760 Value ($000) $122 Avg Close $2.17 Range $1.74 - $2.42

Q1 2014

Shares 69,460 Value ($000) $188 Avg Close $2.09 Range $1.61 - $2.66

Q4 2013

Shares 18,700 Value ($000) $38 Avg Close $1.78 Range $1.48 - $2.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	460,000	$2,075	$4.66	$3.71 - $5.94
Q3 2025	425,000	$2,102	$3.93	$3.31 - $5.07
Q2 2025	449,000	$1,615	$3.27	$2.52 - $3.83
Q1 2025	519,000	$1,479	$2.66	$2.17 - $3.33
Q4 2024	619,000	$1,516	$2.87	$2.37 - $3.41
Q3 2024	689,000	$2,130	$2.80	$2.25 - $3.33
Q2 2024	839,000	$2,246	$2.56	$2.33 - $2.90
Q1 2024	839,000	$2,199	$2.52	$2.18 - $3.00
Q4 2023	839,000	$2,653	$2.91	$2.55 - $3.20
Q3 2023	689,000	$1,998	$2.96	$2.60 - $3.48
Q2 2023	694,000	$2,471	$3.52	$3.10 - $3.95
Q1 2023	773,000	$3,045	$3.31	$2.82 - $3.72
Q4 2022	708,000	$2,513	$2.93	$2.50 - $3.29
Q3 2022	878,000	$2,851	$2.86	$2.47 - $3.14
Q2 2022	808,000	$2,728	$3.59	$2.93 - $4.35
Q1 2022	808,000	$3,703	$3.42	$2.88 - $4.08
Q4 2021	863,000	$3,379	$3.38	$2.83 - $3.96
Q3 2021	1,218,000	$4,146	$3.22	$2.77 - $3.59
Q2 2021	130,000	$544	$4.03	$3.41 - $4.42
Q1 2021	130,676	$561	$3.99	$3.43 - $4.93
Q4 2020	10,676	$60	$4.96	$4.17 - $5.79
Q3 2020	470,676	$3,045	$5.24	$4.38 - $6.09
Q2 2020	490,676	$2,768	$4.03	$2.43 - $4.63
Q1 2020	575,676	$1,728	$3.18	$1.73 - $3.95
Q4 2019	655,676	$2,621	$2.82	$2.48 - $3.26
Q3 2019	775,676	$2,525	$2.69	$2.30 - $3.21
Q2 2019	1,122,500	$3,410	$2.18	$1.92 - $2.52
Q1 2019	1,077,500	$2,999	$2.38	$2.10 - $2.68
Q4 2018	892,500	$2,616	$2.08	$1.81 - $2.35
Q3 2018	687,500	$1,554	$1.89	$1.68 - $2.08
Q2 2018	315,700	$814	$2.18	$2.01 - $2.41
Q1 2018	315,700	$866	$2.35	$2.12 - $2.64
Q4 2017	315,700	$977	$2.15	$1.94 - $2.50
Q3 2017	315,700	$874	$2.11	$1.85 - $2.31
Q2 2017	315,700	$887	$2.11	$1.72 - $2.36
Q1 2017	315,700	$897	$2.40	$1.90 - $2.84
Q4 2016	165,700	$392	$1.98	$1.61 - $2.43
Q3 2016	110,000	$287	$2.37	$1.97 - $2.92
Q4 2015	348,933	$352	$0.91	$0.79 - $1.17
Q3 2015	348,933	$367	$0.97	$0.78 - $1.25
Q2 2015	288,933	$445	$1.29	$1.18 - $1.43
Q1 2015	205,533	$305	$1.40	$1.11 - $1.90
Q4 2014	217,533	$357	$1.45	$1.15 - $1.86
Q3 2014	132,533	$271	$2.01	$1.58 - $2.37
Q2 2014	41,760	$122	$2.17	$1.74 - $2.42
Q1 2014	69,460	$188	$2.09	$1.61 - $2.66
Q4 2013	18,700	$38	$1.78	$1.48 - $2.20