SCHEDULE: Pale Fire Capital Reports 4.97% Stake in B2Gold Corp
Beneficial Ownership Report
Pale Fire Capital and related entities disclose a 4.97% beneficial ownership stake in B2Gold Corp, totaling over 65 million shares.
Summary
- Pale Fire Capital SICAV a.s., Pale Fire Capital investicni spolecnost a.s., PALE FIRE CAPITAL SE, Dusan Senkypl, and Jan Barta collectively reported beneficial ownership of 65,760,909 common shares of B2Gold Corp.
- This ownership represents approximately 4.97% of B2Gold Corp's outstanding common shares.
- The percentage is based on 1,322,881,482 shares outstanding as of June 30, 2025, as disclosed in B2Gold Corp's Form 6-K filed on August 8, 2025.
- The reporting persons share both voting and dispositive power over all 65,760,909 shares.
- The acquisition of these securities was not for the purpose of changing or influencing the control of B2Gold Corp, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, providing no direct positive or negative sentiment regarding the company's performance or outlook. It simply reports a significant stake.
Future Outlook
This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's operations or financial performance.
Industry Context
This filing indicates a significant passive investment by a Czech Republic-based investment group in B2Gold Corp, a Canadian-based gold producer. Such filings are common disclosures of institutional and large investor positions, providing transparency on major shareholders within the mining sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake by Pale Fire Capital and its affiliates, which could influence perceptions of institutional interest in B2Gold Corp.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 08/08/2025 | Date B2Gold Corp's Form 6-K was filed, disclosing total shares outstanding. |
| 08/13/2025 | Date the Schedule 13G/A filing was signed by reporting persons. |
Keywords
B2Gold Corp, Pale Fire Capital, Beneficial Ownership, SEC Filing, Schedule 13G, Common Shares, Investment, Gold Mining
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