This new partnership offers B2Gold a chance to see the value in generally unrecognized royalties, president and CEO Clive Johnson said in a statement Thursday.
“As a significant shareholder, B2Gold is pleased to retain meaningful upside exposure and leverage to Versamet as its experienced management team stewards its strengthened asset base and continues executing on its growth strategy to create future shareholder value,” Johnson said.
Metals streaming companies make money by providing upfront capital to miners in exchange for the right to purchase a portion of future production at a discounted price. In contrast, royalty companies earn a percentage of revenue from mine production without direct involvement.
The benefits sold include such assets as a 2.7% net smelter return (NSR) royalty on the Kiaka and Toega gold projects, both in Burkina Faso and owned by West African Resources (ASX: WAF), and a 2% net profit royalty on…
