PAPQF
Papillon Resources, Ltd.Grey Market
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  • 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.
    | Jun. 3, 2014, 8:04 AM