On April 19, 2023, B2Gold Corp. has finalized a C$1.1 billion (US$820 million) purchase of Sabina Gold & Silver Corp. This deal includes the acquisition of the Back River gold project in Nunavut. The core project in this deal, the Goose Mine, is positioned to produce 3.34 million oz of gold over 15 years. All essential permits are already in place, and mining preparations are underway, with the first gold pour anticipated in 2025. B2Gold, having prior operations in Mali, Namibia, and the Philippines, will be embarking on its first significant Canadian mining project. The company's CEO, Clive Johnson, expressed enthusiasm for the acquisition, noting the potential in the Back River Gold District. Current resources in the district include 6.2 million oz of gold in measured and indicated categories and 2.9 million oz in inferred resources. B2Gold plans to swiftly capitalize on this resource, aiming to start its exploration program immediately. In the finalized agreement, Sabina shareholders received 0.3876 B2Gold shares for every Sabina share they owned. This led to Sabina shareholders owning 17% of the combined entity, while B2Gold shareholders retained 83%. Bruce McLeod, Sabina's President and CEO, transferred ownership on April 19 and commended stakeholders for their support in enhancing the Back River Gold District's value.