M&A Deal Summary

Centerra Gold Acquires Thompson Creek Metals

On October 20, 2016, Centerra Gold acquired metals/mining company Thompson Creek Metals for 1.1B USD

Acquisition Highlights
  • This is Centerra Gold’s 1st transaction in the Metals/Mining sector.
  • This is Centerra Gold’s largest (disclosed) transaction.
  • This is Centerra Gold’s 1st transaction in the United States.
  • This is Centerra Gold’s 1st transaction in Colorado.

M&A Deal Summary

Date 2016-10-20
Target Thompson Creek Metals
Sector Metals/Mining
Buyer(s) Centerra Gold
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Thompson Creek Metals

Littleton, Colorado, United States
website
Thompson Creek Metals Co., Inc. is a mining company. The Company's diversified reserves include copper, gold, and molybdenum. Thompson Creek Metals was founded in 1983 and is based in Littleton, Colorado.

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Buyer(S) 1

Buyer

Centerra Gold

Toronto, Ontario, Canada

website


Category Company
Founded 2002
Sector Metals/Mining
Employees3,650
Revenue 850M USD (2022)
DESCRIPTION

Centerra Gold is a Canadian-based gold mining and exploration company engaged in the operation, exploration, development and acquisition of gold properties in North America, Asia and other markets worldwide. With two flagship assets, the Mount Milligan Mine and the Kumtor Mine which are located in Canada and the Kyrgyz Republic, Centerra’s vision is to build a team-based culture of excellence that responsibly delivers sustainable value and growth. Our objective is to build shareholder value by maximizing the potential of our current properties and leveraging our financial strength and experience to acquire new long-life, low-cost projects. Centerra Gold was founded in 2002 and is based in Toronto, Canada.


DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 AuRico Metals

Toronto, Ontario, Canada

AuRico Metals, Inc. is a mining royalty and development company. AuRico Metals is developing the Kemess property in British Columbia, Canada; a low-cost brownfield development asset that is host to the feasibility-stage Kemess Underground and preliminary economic assessment level Kemess East projects. AuRico Metals also owns a high-quality, free cash flow generating royalty portfolio which includes a 1.5% net smelter return royalty on the Young-Davidson gold mine in Ontario and a 2.0% NSR royalty on the Fosterville gold mine in Australia.

Buy CA$310M