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B2Gold Closes Sale of 70% Stake in Fingold to Agnico Eagle

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B2Gold (BTO.TO) has completed the sale of a 70% interest in Fingold Ventures to Agnico Eagle Mines (AEM.TO) for US$325 million, B2Gold said Thursday.

Fingold owns several exploration claims adjacent to Rupert Resources' (RUP.TO) Ikkari project in Finland.

B2Gold plans to use the proceeds to further strengthen its financial position, to continue to purchase shares under its recently renewed normal course issuer bid, and for general working capital purposes, the company previously said.

Aurion Resources (AU.V) owns the remaining 30% in Fingold.

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