Calibre Mining Corp. (
TSX: V.CXB,
Stock Forum) said Tuesday it has signed a deal that permits
B2Gold Corp. (
TSX: T.BTO,
Stock Forum) an option to acquire a further 19% stake in the Primavera Gold-Copper Porphyry Project in north-east Nicaragua.
The agreement allows B2Gold to increase its stake to 70& by spending another $6 million over a 3-year period,
Calibre said in a press release.
Calibre shares were unchanged Tuesday at 9.5 cents, leaving the company with a market cap of $17.8 million, based on 187.9 million shares outstanding. The 52-week range is 29.5 cents and 3 cents.
B2Gold shares eased 1.1% to $2.71, leaving the company with a market cap of $1.8 billion, based on 651.2 million shares outstanding. The 52-week range is $4.38 and $1.87.