Jun. 3, 2014, 8:04 AM
- B2Gold (BTG) agrees to acquire Papillon Resources (PAPQF) for A$1.72/share, valuing the company at ~$570M.
- BTG says the combination will result in a company with a growth profile beyond its three operating mines, which collectively produced 366K oz. of gold in 2013 at a cash cost of $681/oz.; BTG expects total production to rise to ~550K oz. by FY 2015 as the low cost Otjikoto mine in Namibia is scheduled to commence gold production in late 2014.
Sep. 19, 2012, 9:14 AMCanadian 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. | Comment!
BTG vs. ETF Alternatives
B2Gold Corp is a gold producer with three operating mines, two in Nicaragua and one in the Philippines. It operates the Libertad Mine and the Limon Mine in Nicaragua, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia.
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