BTG - B2Gold seeking more assets after Sabina Gold deal CEO says

2023-07-17 12:52:25 ET

B2Gold ( NYSE: BTG ) will consider opportunities to acquire more gold assets to accelerate growth even after its recent purchase of Sabina Gold, CEO Clive Johnson told Reuters on Monday.

"We're not looking at adding more development projects, but looking at mines that are in production that don't fit the criteria for some of these majors," Johnson reportedly said.

B2Gold ( BTG ) has a healthy cash position that also could allow it consider opportunities such as combining with a smaller producer, the CEO said, while declining to say if it is currently negotiating for any deals, adding there are no timelines in place for making new acquisitions.

The company also is expanding production at its Fekola mine in Mali, its biggest asset, and is searching for gold in Finland, Uzbekistan and other parts of Africa including Ivory Coast, Johnson said.

More on B2Gold:

• Financial and valuation comparison to sector peers
• Analysis: B2Gold: Sabina Deal To Materially Boost Reserve Inventory
• Stock price return: Down 1.5% YTD, up 13.5% in the past 12 months

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