B2Gold (BTG) Inks Deal With Sandbox to Sell 10 Royalties [Yahoo! Finance Canada]
B2Gold Corp Common shares (Canada) (BTG)
NASDAQ:AMEX Investor Relations:
b2gold.com/investors/presentation
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Source: Yahoo! Finance Canada
This move offers B2Gold an opportunity to maximize the value of its royalties, which were not a major element of its business. In accordance with the deal, Sandbox changed its name to Versamet Royalties Corporation. Versamet will acquire the ownership of the royalties in exchange for 153.2 million common shares at a price of C80 cents per share (US 58 cents). This represents a 33% equity ownership interest in Versamet worth approximately $90 million. This collaboration will give continued exposure to Versamet's royalty portfolio, which now totals 28 royalties, two of which are now cash-flowing. The other royalties are expected to become cash-flowing in the near future. The first phase of the transaction closed on Jun 5, 2024, which included royalties for the Kiaka Gold Project, the Toega Gold Deposit, the Primavera Project, and two exploration stage royalties. B2Gold received 122 million Versamet shares valued at approximately $72 million for the first phase closing. B2Gold is
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News
- B2Gold (BTG) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- B2Gold Corp. (NYSE: BTG) was downgraded by analysts at Cibc World Mkts from a "strong-buy" rating to a "hold" rating.MarketBeat
- B2Gold Corp. (NYSE: BTG) had its price target raised by analysts at CIBC from $3.30 to $3.60. They now have a "neutral" rating on the stock.MarketBeat
- B2Gold (BTG) Rises But Trails Market: What Investors Should Know [Yahoo! Finance]Yahoo! Finance
- B2Gold Corp. (NYSE: BTG) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $3.75 price target on the stock.MarketBeat
BTG
Earnings
- 8/8/24 - Miss
BTG
Sec Filings
- 9/13/24 - Form 6-K
- 9/12/24 - Form 6-K
- 8/9/24 - Form 6-K
- BTG's page on the SEC website