AngloGold net C$70m from B2Gold share sales

[] — ANGLOGOLD Ashanti said on Wednesday it has realised net proceeds of C$70m from the sale of its entire holding in Vancouver-based gold producer B2Gold Corporation.

This stake, equivalent to about 10.17% of B2Gold’s outstanding shares, was sold on Tuesday.

Proceeds from the sale will be used to fund AngloGold Ashanti’s exploration activities in Colombia, including the Gramalote project and pending such use, to reduce borrowings.

AngloGold Ashanti said it remains fully committed to its Gramalote joint venture with B2Gold, in which AngloGold Ashanti owns 51% and B2Gold owns 49%.