B2Gold sells portfolio of 10 precious and base metals royalties to Sandbox Royalties

On June 5, 2024, B2Gold Corp. ("B2Gold") completed its purchase and sale agreement to sell a portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp. ("Sandbox"). In connection with the transaction, Sandbox has been renamed Versamet Royalties Corporation ("Versamet"). Versamet will issue 153.2 million common shares to B2Gold at a price of C$0.80 per share, representing an equity ownership interest in Versamet of 33.0% valued at approximately $90 million.

B2Gold, headquartered in Vancouver, B.C., is an international gold producer that owns and operates mines in Mali, Namibia and the Philippines.

Versamet, based in Vancouver, B.C., is a private, returns-focused metals royalty company.

McCarthy Tétrault advised B2Gold with a team led by Roger Taplin and Patrick Deutscher that included Jesslyn Chong (Business).