B2Gold Corp. has agreed to sell its 70% interest in Fingold Ventures Ltd. to Agnico Eagle Mines Limited for $325 million in cash. Fingold holds exploration claims that sit adjacent to Rupert Resources’ Ikkari Project in Northern Finland, and the transaction will transfer full ownership of the joint venture to Agnico Eagle. The deal is expected to close in April 2026, subject to customary conditions.
The proceeds from the sale will be used by B2Gold to strengthen its financial position, continue its recently renewed normal‑course issuer bid, and support general working‑capital needs. “The sale of our interest in Fingold is a strategic divestiture that allows us to monetize a non‑core asset and further strengthen our financial position,” said Clive Johnson, President and CEO of B2Gold.
In addition to the cash transaction, B2Gold and Agnico Eagle have entered into a collaboration arrangement focused on knowledge sharing and cooperation in Nunavut, Canada. The partnership will allow both companies to exchange best practices on Arctic operations, logistics, and workforce management, leveraging their shared experience in remote environments.
From Agnico Eagle’s perspective, the acquisition consolidates its presence in Finland’s Central Lapland Greenstone Belt. “This strategic consolidation in Finland’s Central Lapland Greenstone Belt establishes a multi‑asset, multi‑decade regional platform for Agnico Eagle. It provides the financial, technical, and on‑the‑ground resources to develop the highly prospective Ikkari gold project, leveraging our proven expertise,” said Ammar Al‑Joundi, President and CEO of Agnico Eagle. The deal gives Agnico Eagle full ownership of Fingold, expanding its land package and resource base around the Ikkari project and positioning the company for long‑term production growth.
Aurion Resources Ltd. will retain the remaining 30% stake in Fingold and has waived its right of first refusal, ensuring a smooth transition of ownership to Agnico Eagle. The broader Finland consolidation, which also includes the acquisition of Rupert Resources and Aurion Resources, has already driven a surge in the share prices of Rupert and Aurion, reflecting investor confidence in the expanded regional platform.
Overall, the transaction provides B2Gold with a significant cash infusion that will bolster its balance sheet and support its share‑buyback program, while giving Agnico Eagle a stronger foothold in a high‑potential gold belt. The deal is expected to unlock exploration and development synergies that could accelerate production timelines and enhance shareholder value for both companies.
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