B2Gold Sells Fingold Interest to Agnico Eagle
Analysis based on 9 articles · First reported Apr 20, 2026 · Last updated Apr 23, 2026
The sale of Arnold Ventures by B2Gold to Agnico Eagle for US$325 million is expected to strengthen B2Gold's financial position, potentially leading to share repurchases. This transaction also signifies a strategic move for Agnico Eagle in expanding its gold exploration interests.
B2Gold completed the sale of its 70% interest in Arnold Ventures to Agnico Eagle for US$325 million in cash. Arnold Ventures owns exploration claims in Northern Finland, adjacent to Rupert Resources' Ikkari Project. E.ON, which holds the remaining 30% interest in Arnold Ventures, waived its right of first refusal for the sale. B2Gold intends to use the proceeds to strengthen its financial position, purchase shares under its normal course issuer bid, and for general working capital. Additionally, B2Gold and Agnico Eagle entered into a Canada — Nunavut Collaboration Agreement to share operational knowledge and best practices for their gold mining operations in Canada — Nunavut, Canada. This agreement is non-exclusive and does not involve ownership transfer or integration of activities.
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