Toronto, Ontario--(Newsfile Corp. - February 15, 2023) - A Copy of the Full Report is Available at the Link Below:
https://mailchi.mp/mineralfunds/mergers-acquisitions-report-b2gold-corp-to-acquire-sabina-gold-silver-corp-for-11-billion-cad
This report provides a summary of Gold & Precious Metal Funds that hold:
- The Acquired Company only: Sabina Gold & Silver Corp. (TSX: SBB)
- The Acquirer only: B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G)
- Both the Acquirer and the Acquired Company
B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G) announced (on Monday February 13th) that the company will acquire Sabina Gold & Silver Corp (TSX: SBB) in a deal valued at ~ $1.1 billion CAD (~$823.66 million USD). As part of the deal, which is expected to close in the second quarter of 2023, B2Gold will acquire Sabina's untapped mineral-heavy Back River Gold District located in Nunavut, Canada.
B2Gold will issue 0.3867 of a common share of B2Gold for each Sabina common share held representing C$1.87 per Sabina share. The consideration implies a premium of 45% to the 20-day volume weighted average prices ("VWAP") of each of B2Gold and Sabina on the TSX as of February 10th, 2023.
This transaction provides Sabina shareholders with access to a strong, debt free balance sheet and robust cash flow generation which will serve to fund and optimize the development of the Back River Gold District. It also enhances institutional participation, improves trading liquidity, and provides investors with exposure to a peer-leading dividend yield.
| Acquired | Acquirer | Both |
| Sabina Gold & Silver Corp. only | B2Gold Corp. only | Sabina Gold & Silver Corp. & B2Gold Corp. |
| Earth Gold Fund UI | Allspring Precious Metals Fund | CPR Invest - Global Gold Mines |
| Jupiter Gold & Silver Fund | American Century Global Gold Fund | Fidelity Select Gold Portfolio |
| NESTOR Gold Funds | AMG Gold, Minen und Metalle | iW Commodities & Gold Equities |
| STABILITAS Silber+Weissmetalle | Amundi Gold Stock | Konwave Sustainable Gold Equities |
| ASA Gold and Precious Metals Limited | Lombard Odier Funds - World Gold Expertise | |
| BAKERSTEEL Precious Metals Fund | Placeuro Gold Mines | |
| BlackRock Global Funds World Gold Fund | Stratégie Indice Or | |
| Blackrock Gold & General Fund | SVS Sanlam Global Gold & Resources Fund | |
| BMO Precious Metals Fund | TD Precious Metals Fund | |
| CI Gold Corporate Class | VanEck International Investors Gold Fund | |
| CIBC Precious Metals Fund | VanEck VIP Global Gold Fund | |
| Claresco Or et Metaux Precieux | ||
| C-QUADRAT Gold & Resources Fund | ||
| Craton Capital Precious Metals Fund | ||
| Credit Mutuel CIC Global Gold | ||
| DJE Gold & Ressourcen | ||
| DMS Charteris Gold and Precious Metals Fund | ||
| Edmond de Rothschild Goldsphere | ||
| First Eagle Gold Fund | ||
| Franklin Gold and Precious Metals (Lux) | ||
| Franklin Gold and Precious Metals (USA) | ||
| Gabelli Gold Fund | ||
| GAMCO Global Gold, Natural Resources & Income Trust | ||
| GAMCO Natural Resources, Gold & Income Trust | ||
| Incrementum Crypto Gold Fund | ||
| Invesco Gold & Special Minerals Fund (USA) | ||
| Invesco Gold and Special Metals Fund (Lux) | ||
| iW Precious Metal Mining Equities | ||
| Konwave Gold Equity Fund | ||
| Landolt Investment (Lux) SICAV - Gold | ||
| LF Ruffer Gold Fund | ||
| Midas Fund Inc. | ||
| NBI Precious Metals Fund | ||
| NinetyOne Funds Series iii - Global Gold Fund (UK) | ||
| NinetyOne Global Gold Fund | ||
| OCM Gold Fund | ||
| Precious Capital Global Mining & Metals Fund | ||
| Precious Metals UltraSector ProFund | ||
| Premium Gold and Metal Open Fund | ||
| Quilter Investors Precious Metals Equity | ||
| RBC Global Precious Metals Fund | ||
| Rothschild & Co. Thematic Gold Mines | ||
| Rydex Precious Metals Fund | ||
| SafePort Gold & Silver Mining Fund | ||
| Schroder International Selection Fund Global Gold | ||
| Silver Plus Fund | ||
| Sprott-Alpina Gold Equity Fund | ||
| Sprott-Alpina Gold Equity UCITS Fund | ||
| STABILITAS Pacific Gold+Metals | ||
| Sun Valley Gold LLC | ||
| United Gold & General Fund | ||
| Value Intelligence Gold Company Fonds | ||
| Zenito Silver and Gold Fund | ||
| 4 Funds | 53 Funds | 11 Funds |
Source: https://mineralfunds.com/gold-funds/
Portfolio Holdings Summary
At the time of the most recently recorded asset allocation 4 funds retained holdings in only the acquired company: Sabina Gold & Silver Corp. (TSX: SBB). Earth Gold Fund UI, Jupiter Gold & Silver Fund, NESTOR Gold Fund, and STABILITAS Silber + Weissmetalle should receive the highest material performance benefit from this acquisition news announcement.
53 gold funds held only B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G), and 11 funds held both B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G) and Sabina Gold & Silver Corp. (TSX: SBB).
"In advancing gold cycles, mergers and acquisitions amongst gold producers can accelerate. As gold company mergers reduce the total number of portfolio company holdings for gold funds, managers often invest more capital in mid-tier and smaller companies. This results in dynamic price activity for smaller gold producers and exploration companies as the gold cycle advances. At the beginning of 2023, we are in the early stages of this type of gold market cycle."
Christopher J. Berlet BSc, CFA
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MineralFunds.com provides prices, performance and trade information for all the world's metal ETFs including Precious Metals, Battery Metals, Platinum Group Metals and Base Metals and comprehensive fund information, including asset allocations, for Gold & Precious Metals Managed Funds from all investment jurisdictions.
Report prepared by: Kay Samnani, Analyst supported by Christopher J. Berlet BSc, CFA.
For further information please contact:
(416) 525 - 6869
manager@mineralprices.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154924
