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B2Gold to buy AngloGold out of Gramalote

B2Gold has agreed to buy a 50% take in the Gramalote gold project in Antioquia, Colombia from AngloGold Ashanti for up to US$60 million to consolidate its ownership of the whole project.

Paul Harris
B2Gold's Gramalote in Antioquia, Colombia

B2Gold's Gramalote in Antioquia, Colombia

The company will pay $20 million upon closing the transaction, an additional $10 million upon B2Gold announcing a Gramalote construction decision, $10 million upon commercial production beginning within...

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