B2Gold Corp. has invested $10 million in Prospector Metals Corp., acquiring 10,309,278 common shares at a price of C$0.97 per share. The transaction gives B2Gold approximately 17.2% beneficial ownership and control of Prospector, a junior exploration company focused on gold and base‑metal projects in the Yukon.
The investment follows B2Gold’s earlier June 2024 stake of 9.99% for just over C$900,000, indicating a deepening partnership and increased confidence in Prospector’s prospects. The new capital will fund Prospector’s 2026 drill program on its ML Project, a district‑scale site in the Tintina Gold Belt located about 80 km from Dawson City and 25 km northeast of the former Brewery Creek gold mine.
Prospector’s ML Project is described as having significant potential for gold and base metals, with a history of high‑grade occurrences that have not been systematically explored with modern methods. The 2026 drill program aims to further delineate resources and advance the project toward a potential mineable deposit.
B2Gold’s strategy centers on expanding its exploration portfolio by adding high‑potential projects near existing infrastructure. The company’s low‑cost operations and track record in Mali, Namibia, the Philippines, Canada, and Colombia support its focus on discovering new resources and developing projects in underexplored districts. The investment in Prospector aligns with this strategy and strengthens B2Gold’s position in the Yukon region.
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