B2Gold takeover sidelines Sabina’s Chinese shareholder


Source: theglobeandmail.com theglobeandmail.com

Key Topics in this News Article:

News Snapshot:

The B2Gold booth at the Prospectors and Developers Association Of Canada convention, on March 2, 2020.Fred Lum/the Globe and Mail B2Gold Corp.’s plan to acquire a project in Nunavut for $1.1-billion is blocking expansion plans at one of China’s largest gold producers, the latest in a series of Canadian setbacks for Chinese resources companies. Vancouver-based B2Gold BTO-T launched a friendly takeover bid for Sabina Gold & Silver Corp. SBB-T on Monday aimed at winning control of properties 520 kilometres northeast of Yellowknife that contain some of the world’s highest-grade undeveloped gold projects. Sabina, also based in Vancouver, forecasts its first...