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BTGBearishM&Anews
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B2Gold (BTG) Inks Deal to Buy 9.99% Stake in Prospector Metals

Jul 2, 2024, 10:09 AM EDT1 sourcesAI-analyzed

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Summary: - B2Gold Corp acquired 9.99% stake in Prospector Metals for C$0.163 per share. - Prospector Metals focuses on gold and base metal exploration with a focus on the ML Project in Yukon, Canada. - BTG also acquired Oklo Resources Limited in September 2022 and Sabina Gold & Silver Corp in April 2023. - Company reported Q1 2024 earnings of 6 cents per share, beating estimates but down 10% YoY. - B2Gold's shares lost 24% in the past year against industry growth of 13.6%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Corporate Developments

  • Summary:
  • B2Gold Corp acquired 9.99% stake in Prospector Metals for C$0.163 per share.
  • Prospector Metals focuses on gold and base metal exploration with a focus on the ML Project in Yukon, Canada.
  • BTG also acquired Oklo Resources Limited in September 2022 and Sabina Gold & Silver Corp in April 2023.
  • Company reported Q1 2024 earnings of 6 cents per share, beating estimates but down 10% YoY.

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