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 AM
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.| Sep. 19, 2012, 9:14 AM