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New Deal


Announced

Completed

B2Gold completed the acquisition of Sabina Gold & Silver for $824m.

Financials

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Transaction Value£683m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium45%
One Off Charge-

Tags

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precious metals

Public

Acquisition

Domestic

Canada

Gold Mining

Friendly

Single Bidder

Majority

Completed

Synopsis

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B2Gold, a Canadian mining company that owns and operates gold mines in Mali, Namibia and the Philippines, completed the acquisition of Sabina Gold & Silver, a Canadian precious metals company, for $824m. "The acquisition of Sabina represents an exciting opportunity to develop the significant gold resource endowment at the Back River Gold District into a large, long life mining complex. B2Gold has strong construction expertise and experience to successfully develop the fully permitted Goose project and unlock considerable value for the shareholders of both Sabina and B2Gold. The Back River Gold District has multiple high-potential mineralized zones which remain open, and we are confident that the district has strong untapped upside with numerous avenues for resource growth," Clive Johnson, B2Gold President and CEO.

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