Announced
Completed
Financials
Tags
precious metals
Public
Acquisition
Domestic
Canada
Gold Mining
Friendly
Single Bidder
Majority
Completed
Synopsis
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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