B2Gold to buy Auryx for C$160m in cash and shares

Canada’s B2Gold has agreed to buy rival Auryx Gold, which owns a deposit in Namibia, for C$160-million in shares and cash, the companies said on Tuesday. The C$0.88 a share purchase price offered Toronto-listed Auryx shareholders a 74% premium...

B2Gold posts Q1 profit after prices, output rise

Vancouver-based B2Gold posted an adjusted net profit of $18.1-million for the first three months of this year, compared with a $3.3-million loss a year earlier, thanks to increased gold prices and a big jump in production at the firm's operations...

B2Gold production rises, boosts 2011 forecast

Vancouver-based B2Gold produced 37 000 oz in the fourth quarter of 2010, a new record for the company, and said on Monday it now expects to produce as much as 135 000 oz of gold this year. The company, which owns the La Libertad and Limon mines...

Kinross buys B2Gold's right to Kupol exploration licences

Vancouver-based B2Gold will sell its right to an interest in two exploration licence areas surrounding Kinross Gold's Kupol mine to the larger miner, the two companies announced on Friday. Under the terms of a previous agreement, Kinross had...

Tanzania, Brazil buoy AngloGold Ashanti, South Africa lower

AngloGold Ashanti posted first-quarter adjusted headline earnings of $61-million after a strong performance from its mines in Tanzania and the Americas helped offset seasonally lower production from South Africa. "Our operations in Brazil and...

B2Gold reports gold, silver output at second Nicaragua mine

TSX-listed B2Gold has started gold and silver production at its Orosi openpit mine, Nicaragua, the firm announced on Tuesday. Ore processing started on December 15 and the first dore bar was produced on January 5.

South African mining groups doing well in South America

South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain. Neither of these ever existed, of course, but today the continent produces antimony, bauxite, coal, cobalt,...

South African mining groups doing well in South America

South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain.

B2Gold ready to start Orosi mine this month

Vancouver-based B2Gold has restarted openpit mining at its Orosi mine, in Nicaragua, and is on schedule to start gold production in late November, the company reported on Wednesday. Shares in B2Gold, which already produces gold at its Limon mine,...

B2Gold will raise C$25m in bought-deal offering

TSX-listed B2Gold will sell shares to raise C$25-million in a bought-deal offering, to fund exploration and development of its assets, the firm said on Monday. A syndicate of underwriters, led by Genuity Capital Markets and Macquarie Capital...

B2Gold will start commissioning Nicuaragua plant by year end

Gold-miner B2Gold plans to begin restarting the processing plant at its Orosi mine, in Nicuaragua, towards the end of this year, the firm said on Thursday. B2Gold acquired Orosi, as well as the producing Limon mine – also in Nicuaragua, when it...

Central Sun, B2Gold complete merger

Canadian juniors Central Sun Mining and B2Gold have combined their businesses, after the all-share transaction received court approval on Wednesday. Central Sun shareholders received 1,28 of B2Gold's shares for every Central Sun share held, and...