Agnico Eagle to acquire B2Gold’s 70% interest in Fingold JV for $325M

Agnico Eagle (AEM) and B2Gold (BTG) (BTF) have entered into a definitive purchase agreement pursuant to which Agnico Eagle has agreed to acquire B2Gold’s 70% interest in the Fingold JV for US$325M in cash. Aurion holds the remaining 30% interest in the Fingold JV and has waived its right of first refusal over the sale of B2Gold’s interest in the Fingold JV. Upon completion of the B2Gold Transaction and the Aurion Transaction, Agnico Eagle will own a 100% interest in the Fingold JV. The B2Gold Transaction is not subject to approval by securityholders of Agnico Eagle or B2Gold. Subject to the satisfaction of all conditions to closing set out in the B2Gold Purchase Agreement, it is anticipated that the B2Gold Transaction will be completed in April 2026. In addition to the B2Gold Transaction, Agnico Eagle and B2Gold have agreed to enter into a collaboration agreement focused on knowledge sharing and cooperation across their respective operations in Nunavut, Canada. The agreement is intended to leverage the complementary experience, best practices and expertise of both companies operating in northern arctic environments. The agreement will not involve any transfer of ownership interests or integration of activities and will be non-exclusive in nature.