We calculate the B B parameter, relevant for B 0 -B 0 mixing, from a lattice gauge theory simulation at β = 6.0. The bottom quarks are simulated in the static theory, the light quarks with Wilson fermions. Improved smearing functions produced by a variational technique, most, are used to reduce statistical errors and minimize excited-state contamination of the groundstate signal. We obtain B B (4.33 GeV) = 0.98−18 (systematic) which corresponds to B B = 1.40−26 (systematic) for the oneloop renormalization-scheme-independent parameter. The systematic errors include the uncertainty due to alternative (less favored) treatments of the perturbatively-calculated mixing coefficients; this uncertainty is at least as large as residual differences between Wilson-static and clover-static results. Our result agrees with extrapolations of results from relativistic (Wilson) heavy quark simulations.