Conyers has advised B2Gold Corp. in relation to an up to US$60 million purchase agreement with AngloGold Ashanti Limited to acquire AngloGold’s 50% stake in the Gramalote Project, located in the Department of Antioquia, Colombia.
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, B2Gold has operating gold mines in Mali, Namibia and the Philippines, as well as numerous exploration and development projects in various countries including Mali, Colombia, Finland and Uzbekistan. Since the completion of the acquisition on 5 October 2023, B2Gold now owns 100% of the Gramalote Project.
Partner Rachael Pape of Conyers’ BVI office advised on the transaction, working alongside McCarthy Tétrault LLP. Read more here.