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B2Gold (BTG) Sells 10% Stake in Calibre Mining for C$139M
BTGB2Gold(BTG) ZACKS·2024-06-24 15:05

B2Gold Corp. (BTG) announced that it sold 79 million common shares of Calibre Mining Corp, generating gross proceeds of C$139.04 million ($102 million). This move lowered its stake in Calibre to less than 10%. This decision was taken based on investment considerations, such as price, market conditions, capital allocation goals and the company's overall strategy. B2Gold is no longer subject to Insider Reporting Requirements under National Instrument 55-104. The company reported adjusted earnings per share of ...