B2Gold To Sell Portfolio Of 10 Precious And Base Metals Royalties To Sandbox Royalties Corp, B2Gold Receives $90M Equity Interest Sandbox Which Is Renamed A Versamet Royalties
Portfolio Pulse from Benzinga Newsdesk
B2Gold has agreed to sell its portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp. In return, B2Gold will receive a $90 million equity interest in Sandbox, which will be renamed Versamet Royalties.
June 06, 2024 | 11:27 am
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B2Gold is selling its portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp for a $90 million equity interest. Sandbox will be renamed Versamet Royalties.
The sale of the royalties portfolio for a significant equity interest could positively impact B2Gold's financial position and future earnings potential. The renaming of Sandbox to Versamet Royalties indicates a strategic shift that could be beneficial.
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