M&A Deal Summary

HudBay Acquires Augusta Resource

On February 9, 2014, HudBay acquired metals/mining company Augusta Resource for 540M USD

Acquisition Highlights
  • This is HudBay’s 2nd transaction in the Metals/Mining sector.
  • This is HudBay’s largest (disclosed) transaction.
  • This is HudBay’s 2nd transaction in Canada.
  • This is HudBay’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2014-02-09
Target Augusta Resource
Sector Metals/Mining
Buyer(s) HudBay
Deal Type Add-on Acquisition
Deal Value 540M USD
Advisor(s) Cravath, Swaine & Moore
Nathanson Schachter & Thompson
Davies Ward Phillips & Vineberg LLP (Legal)

Target

Augusta Resource

Vancouver, British Columbia, Canada
website
Augusta Resource Corp. engaged in exploration and development of mineral resources.

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Buyer(S) 1

Buyer

HudBay

Toronto, Ontario, Canada

website

Category Company
Sector Metals/Mining
Employees2,233
Revenue 1.5B USD (2022)
DESCRIPTION

HudBay is an integrated mining company with assets in North and South America principally focused on the discovery, production and marketing of base and precious metals. HudBay is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Metals/Mining) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (British Columbia) 1 of 2
Country (Canada) 2 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-26 HMI Nickel

Toronto, Ontario, Canada

HMI Nickel, Inc. is a provider of mining and production of nickel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Mason Resources

Vancouver, British Columbia, Canada

Mason Resources Corp. is a well-funded Canadian company focused on copper exploration and development in the U.S.A. The company’s key asset is its 100% owned Ann Mason project – an extensive, prospective land package located in the Yerington District of Nevada. The Ann Mason project hosts two copper-molybdenum porphyry deposits, Ann Mason and Blue Hill, as well as numerous earlier-stage or untested priority targets. The Ann Mason deposit is currently at a PEA level and is among the largest undeveloped copper porphyry resources in Canada/U.S.A. The excellent infrastructure, year-round access, strong community support, and clear permitting process are all factors that contribute to making Yerington, Nevada one of the best mining jurisdictions in the world. Mason also holds a 100% interest in the Lordsburg property, an exciting earlier-stage copper-gold porphyry project, located within a historic mining district in New Mexico.

Buy $31M
Mergr

Product

Company

Legal