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2/9/17

B2Gold (BTO.to) (BTG) news

According to two separate sources (thank you both), B2Gold (BTO.to) (BTG) is close to selling its 49% of the Gramalote project in Colombia to AngloGold Ashanti (the 51% owner). It's no secret that B2 has wanted to dispose and monetise its minority position in Gramalote for a while, what's changed recently is Anglo's return to reasonable financial health that's now allowing it to do a deal, plus their new enthusiasm for Colombia and the desire to "get a win" in order to show the country that La Colosa will work.

The final price is the last point of negotiation and they're down to the details, shouldn't take more than a couple of weeks to sort out so maybe this is being timed as an announcement for PDAC.