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B2Gold 2024 Annual General and Special Meeting: Leading Independent Proxy Advisory Firms, Glass Lewis and ISS, Recommend Shareholders Vote FOR All Proposed Items
Newsfilter· 2024-06-06 12:00
At the Meeting, shareholders are being asked to vote on four items: Shareholders who have questions or need assistance with voting their shares, should contact Laurel Hill Advisory Group, the proxy solicitation agent, by telephone at +1 877-452-7184 (North America – toll free) or +1 416-304-0211 (outside North America), or by email at assistance@laurelhill.com. If you are a non-registered shareholder, you will be able to attend, participate and/or vote at the Meeting online via live webcast only if you duly ...
Sandbox Royalties and B2Gold Partner to Create Versamet Royalties
Newsfile· 2024-06-06 11:05
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2024) - Sandbox Royalties Corp. ("Sandbox") has entered into a definitive purchase and sale agreement (the "Agreement") with B2Gold Corp. ("B2Gold"), pursuant to which it has agreed to acquire a portfolio of 10 royalties (the "B2Gold Royalty Portfolio") from B2Gold in exchange for approximately US$90 million in share consideration (the "Transaction"). (1) In connection with the Transaction, Sandbox has agreed to issue approximately 153.2 million common ...
B2Gold and Sandbox Royalties Partner to Create Versamet Royalties; B2Gold Receives $90 Million Equity Interest in Versamet
Newsfilter· 2024-06-06 11:00
Core Viewpoint - B2Gold Corp. has entered into a strategic partnership to sell a portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp., now renamed Versamet Royalties Corporation, which is expected to unlock value from previously unrecognized assets [8][11]. Company Overview - B2Gold is a low-cost international senior gold producer based in Vancouver, Canada, with operating mines in Mali, Namibia, and the Philippines, and a project under construction in Canada [1]. - The company forecasts total consolidated gold production of between 860,000 and 940,000 ounces in 2024 [1][4]. Transaction Details - Under the terms of the agreement, Versamet will issue 153.2 million common shares to B2Gold at a price of C$0.80 per share, representing a 33.0% equity ownership interest valued at approximately $90 million [9]. - The royalties included in the transaction consist of various net smelter return (NSR) and net profit royalties on projects owned by other companies, including West African Resources Ltd. and AngloGold Ashanti Ltd. [9]. - B2Gold has retained ownership of a 22.5% silver royalty on Glencore's Hackett River project [10]. Strategic Implications - The transaction allows B2Gold to unlock the value of its royalties, which were not a core part of its business, while retaining significant upside exposure as a major shareholder in Versamet [11]. - The first phase of the transaction closed on June 5, 2024, with B2Gold receiving 122.0 million shares valued at approximately $72 million [11]. - An Investor Rights Agreement has been established, allowing B2Gold to nominate a member to Versamet's Board of Directors and participate in future capital raises [12]. Future Outlook - The remaining royalties in the transaction are subject to rights that are expected to lapse or be exercised within the next 60 days, with the second phase of the transaction anticipated to close thereafter [11]. - Versamet's royalty portfolio now includes 28 royalties, with two currently cash flowing and several expected to generate cash flow soon [12].
B2Gold and Sandbox Royalties Partner to Create Versamet Royalties; B2Gold Receives $90 Million Equity Interest in Versamet
GlobeNewswire News Room· 2024-06-06 11:00
VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") to sell a portfolio of 10 precious and base metals royalties (the "Royalties") to Sandbox Royalties Corp. ("Sandbox"), a private, returns-focused metals royalty company (the "Transaction"). In connection with the Transaction, Sandbox has been renamed Versamet Royalties C ...
B2Gold Releases its Eighth Annual Responsible Mining Report and its Third Annual Climate Strategy Report
Newsfilter· 2024-06-03 21:45
VANCOUVER, British Columbia, June 03, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX:BTO) (NYSE:BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has published its eighth annual Responsible Mining Report entitled "Raising the Bar" (the "Report"), which details B2Gold's global economic contributions and its environmental, social, and governance management practices, together with the Company's performance against key indicators in 2023. Full details are outlined in the Report, which is a ...
BTG vs. TFPM: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-06-03 16:46
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Investors interested in stocks from the Mining - Gold sector have probably already heard of B2Gold (BTG) and Triple Flag Precious Metals (TFPM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found th ...
Are Investors Undervaluing B2Gold Corp (BTG) Right Now?
ZACKS· 2024-06-03 14:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks ...
From Pennies to Profits: 3 Low-Priced Stocks Destined for Greatness
Investor Place· 2024-05-30 17:01
Here are some penny stocks that could deliver massive returns on investment (ROI) for investors to consider as we move into the second quarter of this year. While these stocks are highly speculative, they can offer significant advantages and benefits for investors willing to embrace higher risk. Moreover, in bull markets, penny stocks can potentially enhance risk-adjusted returns due to their capacity for significant price appreciation and leverage. When stock prices generally rise, penny stocks can see sub ...
B2Gold (BTG) Gains From Focus on Mine Growth Amid Cost Woes
zacks.com· 2024-05-27 16:31
B2Gold Corp. (BTG) is benefiting from its ongoing strategy of maximizing profitable mine production, moving forward with its remaining development and exploration projects. However, inflationary costs, primarily fuel and labor, will hurt margins in the upcoming quarters. Nonetheless, B2Gold has a strong balance sheet and maintains a robust cash position. Ongoing Strategy Boosts Results: The company will benefit from its ongoing strategy of maximizing profitable mine production, moving forward with its remai ...
BTG or FNV: Which Is the Better Value Stock Right Now?
zacks.com· 2024-05-17 16:40
Investors interested in stocks from the Mining - Gold sector have probably already heard of B2Gold (BTG) and Franco-Nevada (FNV) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ...