Morning Briefing: B2Gold to buy Sabina Gold & Silver

B2Gold is to pay C$1.1 billion to buy junior gold explorer Sabina Gold & Silver in an all-stock deal to obtain the Back River project in Nunavut, Canada, at 45% premium. Kinross Gold announced a maiden 5Moz gold resource estimate for its Great Bear project in the Red Lake district of Ontario, Canada. Freeport-McMoRan said its Grasberg operations in Indonesia were disrupted by significant rainfall and landslides with the company aiming to resume operations by the end of February. Nevada King Gold announced assay results from its Atlanta Gold Mine Project in the Battle Mountain Trend of Nevada. Metal Energy announced assay results from four on the nickel and copper-cobalt Manibridge project in the Thompson Nickel Belt, Manitoba.