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B2Gold Sells Calibre Mining Shares for $102 Million
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B2Gold Sells Calibre Mining Shares for $102 Million
Jun 21, 2024 4:21 AM

06:47 AM EDT, 06/21/2024 (MT Newswires) -- B2Gold ( BTG ) said on Friday it had sold 79 million shares of Calibre Mining via block trade for gross proceeds of 139.04 million Canadian dollars ($101.52 million).

The company said that B2Gold's ( BTG ) ownership of Calibre has decreased to less than 10% from about 14% earlier due to the transaction.

B2Gold ( BTG ), which plans no further changes to its stake, sold Calibre shares due to investment factors like price, market conditions, and corporate strategy.

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