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Canadian gold major B2Gold has agreed to sell a portfolio of 10 precious and base metals revenue shares to Sandbox Royalties, to be renamed Versamet Royalties, for about $90 million in scrip.
“As a significant shareholder, B2Gold is pleased to retain meaningful upside exposure and leverage to Versamet as its experienced management team stewards its strengthened asset base and continues executing on its growth strategy to create future shareholder value,” Johnson said. They also include a 2% NSR royalty on the Mocoa project by Libero Resources – also in Colombia – and a 1.5% NSR royalty on the Primavera project in Nicaragua owned by Calibre Mining .
The first phase of the royalty transaction, including royalties on the Kiaka, Toega, and Primavera projects, had closed, with B2Gold receiving 122 million shares valued at $72 million. The remaining royalties are expected to close in the next three months.
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