B2Gold Takes Full Control Of Gramalote Project By Purchasing AngloGold Ashanti's 50% Stake
Portfolio Pulse from Benzinga Newsdesk
B2Gold has acquired AngloGold Ashanti's 50% stake in the Gramalote Project. The purchase price will be paid in cash and consists of several payments based on certain milestones, including $20 million upon closing of the transaction, $10 million upon announcing a construction decision, and $10 million upon commercial production, among others.
September 18, 2023 | 7:26 am
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POSITIVE IMPACT
B2Gold's acquisition of AngloGold Ashanti's stake in the Gramalote Project could potentially increase its assets and future revenues, depending on the success of the project.
The acquisition of the additional stake in the Gramalote Project could potentially increase B2Gold's assets and future revenues, depending on the success of the project. However, the impact will also depend on the company's ability to meet the milestones set in the agreement.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
AngloGold Ashanti's sale of its stake in the Gramalote Project to B2Gold will result in a cash inflow based on certain milestones, but it also means giving up potential future revenues from the project.
The sale of its stake in the Gramalote Project will result in a cash inflow for AngloGold Ashanti, which could be used for other investments or to strengthen its balance sheet. However, it also means giving up potential future revenues from the project.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100