'Run it like a real business' - B2Gold's Clive Johnson has a fix for the sector's slump

- B2Gold has agreed to purchase half of the Gramalote project it doesn't already own from AngloGold Ashanti. B2Gold would spend $60 million for the South African miner's 50% share, including a $20 million initial payment. The project is in Antioquia, Colombia.

"No one's ever looked at it and said what if we don't need 400,000 ounces to satisfy two companies? What if it's 200,000 oz a year for a single company, which would be in our wheelhouse." Regarding B2Gold's other single-asset purchase, the Goose project in Nunavut, Johnson said construction is on budget and on schedule at a cost of CAD$800 million, targeting first gold in early 2025. About $530 million has been spent so far between B2Gold and the previous owner, Sabina Gold & Silver.

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