Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, March 3, 2023

Article Excerpt

B2GOLD CORP., $4.85, symbol BTO on Toronto, owns three mines: the Otjikoto mine in Namibia; the Masbate mine in the Philippines; and the Feloka mine in Mali. The company also has 50% interest in the Gramalote project of Colombia and 81% interest in the Kiaka project of Burkina Faso. In addition, it has a portfolio of other exploration projects in Mali, Colombia, Finland, and Uzbekistan.B2Gold was formed by the management team of Bema Gold after Kinross Gold bought out that mining firm in early 2007. Six years later, in 2013, B2Gold completed its $1.1 billion purchase of CGA Mining (symbol CGA on Toronto). CGA owned the Masbate gold mine in the Philippines. B2Gold successfully completed construction of the Fekola mine in late September 2017. That was more than three months ahead of schedule. The mine achieved commercial production on November 30, 2017. On February 13, 2023, B2Gold announced the acquisition of Sabina Gold & Silver Corp. (symbol SBB on Toronto) for $1.1 billion…