B2Gold Announces Agreement to Sell its 70% Interest in Fingold Joint Venture to Agnico Eagle for US$325 million; B2Gold and Agnico Eagle to Enter into Nunavut Collaboration Agreement
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) is pleased to announce that it has entered into a definitive agreement with Agnico Eagle Mines Limited, pursuant to which B2Gold has agreed to sell to Agnico Eagle its 70% interest in Fingold Ventures Ltd. in exchange for US$325 million in cash. In addition, B2Gold and Agnico Eagle have agreed to enter into a collaboration agreement related to their respective gold mining operations located in Nunavut, Canada.
Sale of Interest in Fingold
B2Gold has agreed to sell its 70% interest in Fingold, which owns several exploration claims adjacent to Rupert Resources’ Ikkari Project located in Northern Finland, to Agnico Eagle in exchange for US$325 million in cash. The closing of the Transaction is subject to certain customary conditions. Aurion Resources Ltd. holds the remaining 30% interest in Fingold and has waived its right of first refusal over the sale of B2Gold’s interest. The parties expect the Transaction to be completed in April 2026. B2Gold expects to use the proceeds from the Transaction to further strengthen its financial position, to continue to purchase shares under its recently renewed normal course issuer bid, and for general working capital purposes.
Nunavut Collaboration Agreement
B2Gold and Agnico Eagle have also agreed to enter into a collaboration agreement focused on knowledge sharing and cooperation across their respective operations in Nunavut, Canada. The agreement is intended to leverage the complementary experience, best practices and expertise of both companies operating in n orthern arctic environments. The agreement will not involve any transfer of ownership interests or integration of activities and is non-exclusive in nature.
The Nunavut Collaboration Agreement will establish a framework for the two companies to share operational knowledge and best practices across key areas, including mining and processing operations in arctic environments, logistics and procurement, operational planning, exploration planning, human resources, health and safety and environmental management. The Nunavut Collaboration Agreement may result in reciprocal site visits and/or technical exchange sessions and is intended to enhance operational effectiveness while supporting responsible mining in Nunavut, reflecting both companies’ shared commitment to continuous improvement, sustainability and constructive engagement and partnership with local communities and stakeholders.
About B2Gold Corp.
B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.
