Canadian miner B2Gold (BGLPF.PK) agrees to acquire CGA Mining (CGAFF.PK) for ~$1.1B. Buying...

|About: B2Gold Corp. (BTG)|By:, SA News Editor

Canadian miner B2Gold (BGLPF.PK) agrees to acquire CGA Mining (CGAFF.PK) for ~$1.1B. Buying Australia-based CGA will give B2Gold the Masbate mine in the Philippines, which is expected to produce ~200K oz. of gold in the year through June. B2Gold is forecast to produce ~350K oz. from three Latin American mines in 2012.