B2Gold TSX: BTO NY:BTG

More
11 months 3 weeks ago #123154 by Gambler
Gambler replied the topic: B2Gold TSX: BTO NY:BTG
Gold and gold shares heating up. Time to start following these cheap producers. I have been holding a position in BTO

2019-07-02 06:36 ET - News Release

Also News Release (C-CXB) Calibre Mining Corp (2)

Mr. Clive Johnson of B2Gold reports

B2GOLD AND CALIBRE MINING JOIN FORCES IN NICARAGUA - CALIBRE MINING TO ACQUIRE EL LIMON AND LA LIBERTAD GOLD MINES - B2GOLD TO BECOME CALIBRE'S LARGEST SHAREHOLDER

B2Gold Corp. and Calibre Mining Corp. on July 2, 2019, entered into a binding agreement for B2Gold to restructure its interests in, and for Calibre to acquire, the producing El Limon and La Libertad gold mines, the Pavon gold project and additional mineral concessions in Nicaragua held by B2Gold for aggregate consideration of $100-million (U.S.), which purchase price will be paid with a combination of cash, common shares and a convertible debenture. Following the completion of the transaction, B2Gold will own an approximate 31-per-cent direct equity interest in Calibre. B2Gold's commitment to continuing involvement with the Nicaraguan operations will be secured by its significant equity interest in Calibre, its right to appoint one director to the board of Calibre and its participation in an advisory board to the main board of Calibre.

The El Limon and La Libertad mines have produced in excess of 1.4 million ounces of gold since 2010. Their combined 2019 gold production is projected to be between 150,000 and 160,000 ounces (see: B2Gold management discussion and analysis for period ended March 31, 2019, filed on B2Gold's profile on SEDAR).

In connection with the transaction, Calibre has entered into an agreement with Canaccord Genuity Corp. and Sprott Capital Partners LP in respect of a private placement of up to 167 million subscription receipts for gross proceeds of up to $100-million (U.S.).

The closing of the transaction will be subject to certain conditions including majority of minority shareholder approval, the successful negotiation and execution of a definitive agreement by B2Gold and Calibre, the closing of the concurrent private placement by Calibre and satisfactory due diligence by Calibre. In connection with the closing of the transaction, Calibre intends to apply to graduate to the Toronto Stock Exchange (subject to Toronto Stock Exchange approval and meeting the initial listing requirements of the Toronto Stock Exchange).

Clive Johnson, president and chief executive officer of B2Gold, stated: "We are pleased to join forces with Calibre in Nicaragua to continue our legacy of 10 years of responsible exploration, development and gold production. We are pleased to become a large shareholder of Calibre and through our roles on their advisory board and board of directors, we look forward to assisting Calibre's experienced executive team and the combined B2Gold/Calibre management team in Nicaragua.

"With Calibre and the combined Nicaraguan management team focusing on the El Limon and La Libertad mines and other opportunities, B2Gold will focus on continuing to optimize responsible production at our other existing mines in Mali, Namibia and the Philippines as well as advancing our impressive pipeline of development and exploration projects. In addition, B2Gold will continue to pursue additional greenfield and advanced exploration opportunities."

Please Log in or Create an account to join the conversation.

More
3 years 5 months ago #117506 by GoldnBoy
GoldnBoy replied the topic: B2Gold TSX: BTO NY:BTG
looks like a bit more trading around .14 to clean things up

Market depth at 1.20PM

Orders Shares Bid Ask Shares # Orders
1 35000 0.140 0.145 25000 1
3 28000 0.135 0.150 25000 2
3 64000 0.130 0.155 20000 1
2 39500 0.125 0.160 25000 1
1 26500 0.120 0.180 25000 1

Please Log in or Create an account to join the conversation.

More
3 years 5 months ago #117505 by Hoss
Hoss replied the topic: B2Gold TSX: BTO NY:BTG
This puppy hardly hit in correction end of 2016, underlying strength. I hold long until we see if the ZON knocks some wind out of them in Colombia

Please Log in or Create an account to join the conversation.

More
3 years 5 months ago #117443 by DearJohn
DearJohn replied the topic: B2Gold TSX: BTO NY:BTG
BTO is doing very well, it did not correct as much as a lot of them and has seen a nice bounce up in last few weeks, now $3.70, looks like maybe resistance at $4.00

Please Log in or Create an account to join the conversation.

More
3 years 10 months ago #95326 by Gold Fever
Gold Fever replied the topic: B2Gold TSX: BTO NY:BTG
Thanks here's what I discovered with Nexus Gold.

The Bouboulou project covers an area of 38.3 square kilometers and is located approximately 100 kilometers north by northwest of the capital city of Ouagadougou. Exploration on the Property has been conducted by Boliden (1997 - 1999), Riverstone Resources (2005- 2011) and Roxgold Inc. (2011 to 2012). Past exploration has consisted of rotary air blast drilling, trenching, geological mapping, airborne EM and magnetometer and radiometrics, reverse circulation and diamond drilling.

Highlights of the previous exploration programs includes surface rock sampling and trenching returning gold grades from 1.09 to 19.16 g/t gold. Four zones of gold mineralization have been identified on the property

Please Log in or Create an account to join the conversation.

More
3 years 10 months ago #90624 by Gold Fever
Gold Fever replied the topic: B2Gold TSX: BTO NY:BTG
Thanks Gambler,

I appreciate you taking a look at NXS.V.

According to the company "Diamond drilling is anticipated in early fall"

Good luck !

Please Log in or Create an account to join the conversation.

More
3 years 10 months ago #75671 by Gambler
Gambler replied the topic: B2Gold TSX: BTO NY:BTG
Welcome Gold Fever, a lot of that around here. I am all in!!! Will have a look at NXS

Please Log in or Create an account to join the conversation.

More
3 years 10 months ago #75490 by Gold Fever
Gold Fever replied the topic: B2Gold TSX: BTO NY:BTG
Thanks good company B2Gold

BTO.T is in Burkina Faso West Africa.

BTO.T Owns the Kiaka project, one of the largest undeveloped gold resources in West Africa,

I am also holding NXS.V who just entered into Burkina Faso gold play with a 43-101 gold property

Like them both ...

Please Log in or Create an account to join the conversation.

More
3 years 11 months ago #4326 by Gambler
Gambler replied the topic: B2Gold TSX: BTO NY:BTG
Nice pick Ron, I am loving it. The stock is up another 22 cents today, looks like it is neck and neck with it's all time high.

If they pull off another buildup like Bema, we should be good for 2 or 3 more doubles yet. I would love to see it hit a new all time high, probably the 1st gold producer to get back to it's 2011 high

Please Log in or Create an account to join the conversation.

More
3 years 11 months ago #4277 by RonS
RonS replied the topic: B2Gold TSX: BTO NY:BTG
Attachments:

Please Log in or Create an account to join the conversation.

More
3 years 11 months ago #4251 by RonS
RonS created the topic: B2Gold TSX: BTO NY:BTG
B2Gold has been one of the best performing Gold stocks and is now challenging it's 2011 highs. We were fortunate to pick it up near it's lows, just over C$1.00 in early February, because of it's strong growth profile and falling cost structure.

The company is run by the previous Bema Gold management team and I did very well with them in the past with 1100% gain when Kinross bought them out.

B2Gold Corp. is one of the fastest growing intermediate gold producers in the world. Since its inception in 2007, B2Gold has evolved into an international gold mining company, with four operating mines, one mine under construction and numerous exploration projects across four continents in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso. Construction of B2Gold´s Fekola mine in southwest Mali is on schedule and on budget, and is projected to commence production at the end of 2017. As a result, B2Gold is well positioned to maintain its low-cost structure and growth profile, with production increasing to approximately 800,000 to 850,000 ounces of gold annually by 2018, with declining production costs.

www.b2gold.com/

Please Log in or Create an account to join the conversation.

Moderators: RonS
Time to create page: 0.287 seconds
© 2019 Playstocks.net. All Rights Reserved. Designed By JoomShaper