B2Gold (TSE:BTO) has released an update.
B2Gold Corp. has completed the sale of 79 million common shares of Calibre Mining Corp. for C$139 million, reducing its stake to below 10% and relinquishing its reporting insider status. The divestiture aligns with B2Gold’s investment strategy, considering factors such as market conditions and capital allocation priorities. Despite the sale, B2Gold continues to be a supportive shareholder of Calibre without immediate plans to alter its remaining interest.
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