B2Gold diversifies with C$1.1bn acquisition of Canadian firm Sabina gains access to Back River district in Nunavut B2GoldCorp miningdeals gold silver merger deal Canada Africa
Vancouver-headquartered B2Gold on Monday announced that it would acquire Sabina Gold & Silver in a C$1.1-billion transaction, which would diversify its assets with access to the Back River gold district, in Nunavut, Canada.
Existing B2Gold shareholders and former Sabina shareholders will own about 83% and 17%, respectively, of the outstanding B2Gold shares.
The Goose project has been significantly derisked with 97% of procurement complete, prestripping having begun at the Echo pit, and 100% of plant site civil works completed.
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