# B2Gold and Calibre Mining Join Forces in Nicaragua - Calibre Mining to Acquire El Limon and La Libertad Gold Mines - B2Gold to Become Calibre's Largest Shareholder

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/b2gold-and-calibre-mining-join-forces-in-nicaragua-calibre-mining-to-acquire-el--f5387a30-7b18-4bb0-8519-1e5940abd8f7

Original source: https://money.tmx.com/en/quote/CXB/news/8838310716548887/b2gold-and-calibre-mining-join-forces-in-nicaragua-calibre-mining-to-acquire-el-

Publisher: tmx

Original announcement: 2019-07-02T07:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Calibre Mining Corp.

- Ticker: CXB

- Exchange: TSX

- Region: Nicaragua

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Agreement transaction, Capital raise, Resource update

- Extracted: 2026-08-23 07:02:13 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Calibre Mining has entered a binding agreement for B2Gold to acquire the El Limon and La Libertad gold mines in Nicaragua for US$100 million. As part of the deal, B2Gold will become Calibre's largest shareholder with an approximate 31% interest, and Calibre will launch a CDN$100 million equity financing to support the transaction.

Reasoning: The transaction significantly scales Calibre's gold production and resource base through the acquisition of the El Limon and La Libertad mines, backed by a strategic 31% stake from B2Gold.

- Positive factor: Strategic acquisition of producing assets

- Positive factor: Significant resource base expansion

- Positive factor: Strong backing from major producer B2Gold

- Positive factor: Concurrent financing to support transaction

- Negative factor: Transaction subject to shareholder and regulatory approvals

- Negative factor: Involves a non-arms length reverse takeover

Facts used in scoring: 8

## Classification and evidence

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Gregory Smith, P.Geo, President and CEO of Calibre, is named as the Qualified Person.

Evidence · text

> read and approved by Gregory Smith , P.Geo, President and CEO of Calibre, who is the Qualified Person

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The technical content is approved by a QP as defined by NI 43-101.

Evidence · text

> Qualified Person as defined by NI 43-101

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.