• B2Gold to receive $325 million from Agnico Eagle for Finland asset sale

• Funds expected to support operations and investment plans, including in Mali

• Fekola remains the group’s core asset, with expansion projects underway

Canadian mining company B2Gold has agreed to divest part of its assets in Europe, with a deal that will see it receive $325 million from fellow Canadian firm Agnico Eagle. Announced on April 20, the transaction comes as the company sharpens its focus on key operations, particularly in Mali around the Fekola gold complex.

The agreement involves the sale of B2Gold’s majority stake in a company holding several gold exploration licenses in Finland. The transaction remains subject to regulatory approvals and is expected to close by the end of the month. The proceeds are expected to strengthen the group’s financial position and support its working capital.

While the announcement does not explicitly mention Fekola, the Malian mine remains central to B2Gold’s strategy. In 2025, it produced 530,769 ounces of gold, making it the company’s leading asset, ahead of Otjikoto in Namibia, Masbate in the Philippines, and Goose in Canada. For 2026, B2Gold expects output at Fekola to reach up to 460,000 ounces and plans to invest about $280 million in sustaining capital.

At the same time, the company is advancing the Fekola Regional project, a new deposit designed to increase the complex’s production capacity. Once fully operational, it is expected to add around 180,000 ounces of gold per year. Alongside development work, B2Gold continues efforts to secure the mining permit for the project.

Aurel Sèdjro Houenou