B2Gold Corp. will acquire Sabina Gold & Silver Corp. at an estimated $1.1 Billion CAD
Toronto, Ontario – (Newsfile Corp. February 15, 2023) – The link below will take you to the complete report.
This report provides a summary of Gold & Precious Metal Funds that hold:
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The Acquired Company Only: Sabina Gold & Silver Corp. (TSX: SBB)
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The Acquirer Only: B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G)
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Both The Acquirer, and the Acquired Company
B2Gold Corp. (TSX : BTO) (NYSE : BTG) (NSX : B2G), announced (Monday, February 13th).Th) that the company will acquire Sabina Gold & Silver Corp (TSX: SBB) in a deal valued at ~ $1.1 billion CAD (~$823.66 million USD). B2Gold will buy Sabina’s Back River Gold District, a Canadian mineral-rich area, as part of this deal. The deal is expected to close by the end of the second quarter in 2023.
B2Gold will issue 0.3867 common shares of B2Gold per Sabina common stock, which is C$1.87 each Sabina share. This consideration is subject a premium 45% to each Sabina and B2Gold’s 20-day volume-weighted average prices (“VWAP”) as per the TSX on February 10.Th, 2023.
Sabina shareholders now have access to a solid, debt-free balance sheet and strong cash flow generation. These will be used to fund and maximize the development of Back River Gold District. It increases institutional participation, improves trading liquidity and gives investors exposure to a peer leading dividend yield.
Source: https://mineralfunds.com/gold-funds/
Portfolio Holdings Summary
The most recent asset allocation was recorded by 4 funds. Only the acquired company: Sabina Gold & Silver Corp. (TSX: SBB). Earth Gold Fund UI, Jupiter Gold & Silver Fund, NESTOR Gold FundAnd STABILITAS Silber + Weissmetalle Should receive the greatest material performance benefit from this acquisition announcement.
53 gold funds are held Only B2Gold Corporation (TSX: BTO), (NYSE: BTG), (NSX: B2G), 11 funds held Both B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G) and Sabina Gold & Silver Corp. (TSX: SBB).
“Mergers, acquisitions and other activities among gold producers are key to advancing gold cycles. Managers tend to invest more capital into smaller, mid-tier companies when portfolio company holdings decrease due to gold company mergers. As the gold cycle progresses, this results in dynamic price activity for small gold producers and exploration firms. This type of gold market is still in its early stages at the start of 2023.
Christopher J. Berlet BSc, CFA
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MineralFunds.com provides prices, performance and trade information for all the world’s metal ETFs including Precious Metals, Battery Metals, Platinum Group Metals and Base Metals and comprehensive fund information, including asset allocations, for Gold & Precious Metals Managed Funds from all investment jurisdictions.
Report prepared and submitted by: Kay Samnani, Analyst Supported By Christopher J. Berlet BSc, CFA.
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You can view the original version of this press release by visiting https://www.newsfilecorp.com/release/154924