B2Gold Corp. (TSX:BTO) entered into a purchase agreement to acquire remaining 50% stake in Gramalote Project from AngloGold Ashanti Limited (JSE:ANG) for $60 million on September 18, 2023. In total consideration $20 million upon closing of the transaction, $10 million upon B2Gold announcing a construction decision at the Gramalote Project, $10 million upon commercial production at the Gramalote Project, contingent on commercial production beginning within five years of closing of the transaction, If commercial production does not commence within five years of closing of the transaction, no payment will be made, $10 million on the first anniversary of commercial production at the Gramalote Project and $10 million on the second anniversary of commercial production at the Gramalote Project. Post completion of this transaction B2Gold Corp will hold 100% stake in Gramalote Project. The transaction was approved by B2Gold board of directors. The Transaction is subject to South African Reserve Bank approval and the satisfaction of customary closing conditions. The transaction will be completed in the fourth quarter of 2023. Rachael Pape of B2Gold Corp. (TSX:BTO) and McCarthy Tétrault LLP acted as legal advisor to B2Gold Corp. (TSX:BTO).

B2Gold Corp. (TSX:BTO) completed the acquisition of remaining 50% stake in Gramalote Project from AngloGold Ashanti Limited (JSE:ANG) on October 2, 2023.