RE:DeclineSorry, but you got most of it wrong about B2Gold's purchase of Sabina. Not that it matters .
Firstly gold was about the same as now in the 2nd quarter of 2023.
Secondly , B2 will put Back River (Sabina's mine) into production in the first qtr of 2025, so when B2 acquired Sabina (Apr 2023) the mine and infrastructure was alread advanced.
Third B2 acquired Sabina for about $1.1 billion. In Feb 2023, before any word of the acquistion the share price of Sabina was $1.35. The deal was completed at a share price of Sabina at $2.16. This would mean the market cap of Sabina , before any takeover rumours was approx $700 million.
Back River has measured, indicated and inferred of approx. 9 million oz Au.
The mine will produce about 223 oz Au pa. And there is lots of exploration potential.
Was a great deal for B2, which is known for such.