BTG News & Events

Agnico Eagle (AEM) and B2Gold (BTF) have entered into a definitive purchase agreement pursuant to which Agnico Eagle has agreed to acquire B2Gold's 70% interest in the Fingold JV for US$325M in cash. Aurion holds the remaining 30% interest in the Fingold JV and has waived its right of first refusal over the sale of B2Gold's interest in the Fingold JV. Upon completion of the B2Gold Transaction and the Aurion Transaction, Agnico Eagle will own a 100% interest in the Fingold JV. The B2Gold Transaction is not subject to approval by securityholders of Agnico Eagle or B2Gold. Subject to the satisfaction of all conditions to closing set out in the B2Gold Purchase Agreement, it is anticipated that the B2Gold Transaction will be completed in April 2026. In addition to the B2Gold Transaction, Agnico Eagle and B2Gold have agreed to enter into a collaboration agreement focused on knowledge sharing and cooperation across their respective operations in Nunavut, Canada. The agreement is intended to leverage the complementary experience, best practices and expertise of both companies operating in northern arctic environments. The agreement will not involve any transfer of ownership interests or integration of activities and will be non-exclusive in nature.

B2Gold announced that it has entered into a definitive agreement with Agnico Eagle Mines, pursuant to which B2Gold has agreed to sell to Agnico Eagle its 70% interest in Fingold Ventures. In addition, B2Gold and Agnico Eagle have agreed to enter into a collaboration agreement related to their respective gold mining operations located in Nunavut, Canada. B2Gold has agreed to sell its 70% interest in Fingold, which owns several exploration claims adjacent to Rupert Resources' Ikkari Project located in Northern Finland, to Agnico Eagle in exchange for $325M in cash. The closing of the Transaction is subject to certain customary conditions. Aurion Resources Ltd. holds the remaining 30% interest in Fingold and has waived its right of first refusal over the sale of B2Gold's interest. The parties expect the Transaction to be completed in April 2026. B2Gold expects to use the proceeds from the Transaction to further strengthen its financial position, to continue to purchase shares under its recently renewed normal course issuer bid, and for general working capital purposes. B2Gold and Agnico Eagle have also agreed to enter into a collaboration agreement focused on knowledge sharing and cooperation across their respective operations in Nunavut, Canada. The agreement is intended to leverage the complementary experience, best practices and expertise of both companies operating in northern arctic environments. The Nunavut Collaboration Agreement will establish a framework for the two companies to share operational knowledge and best practices across key areas, including mining and processing operations in arctic environments, logistics and procurement, operational planning, exploration planning, human resources, health and safety and environmental management.

Agnico Eagle Mines (AEM) announced a plan to complete a comprehensive consolidation of properties in the Central Lapland Greenstone Belt of Northern Finland, pursuant to which Agnico Eagle has entered into definitive agreements in respect of three separate transactions: the acquisition of all of the issued and outstanding shares of Rupert Resources (RUPRF); the acquisition of all of the issued and outstanding shares of Aurion Resources; and the acquisition of a 70% interest in Fingold Ventures held by B2Gold (BTG), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV. The Company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.