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  5. Kinross Acquires Aurelian Resources

M&A Deal Summary

Kinross Acquires Aurelian Resources

On July 24, 2008, Kinross acquired metals/mining company Aurelian Resources for 1.2B CAD

Acquisition Highlights
  • This is Kinross’ 2nd transaction in the Metals/Mining sector.
  • This is Kinross’ 3rd largest (disclosed) transaction.
  • This is Kinross’ 1st transaction in Australia.
  • This is Kinross’ 1st transaction in Ontario.
Investment Fate
  • Aurelian Resources was divested to a consortium of strategic buyers in 2014 for 240M USD.

M&A Deal Summary
Date 2008-07-24
Target Aurelian Resources
Sector Metals/Mining
Buyer(s) Kinross
Deal Type Add-on Acquisition
Deal Value 1.2B CAD
Advisor(s) BMO Capital Markets
Dundee Securities (Financial)
Cassels (Legal)

Target

Aurelian Resources

Toronto, Ontario, Australia
Aurelian Resources Inc. is a mining company focused on mining opportunities, primarily gold, silver, and base metals, in Ecuador. The Company was formed in 2002.

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Buyer(S) 1

Buyer

Kinross

Toronto, Ontario, Canada
Category Company
Founded 1993
Sector Metals/Mining
Employees8,447
Revenue 5.1B USD (2024)
DESCRIPTION

Kinross is a Canadian gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ecuador and Russia. The Company was formed in 1972 and employs approximately 5,500 people worldwide. Kinross Gold was incorporated in 1993 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 5
Sector: Metals/Mining M&A 2 of 5
Type: Add-on Acquisition M&A Deals 1 of 2
State: Ontario M&A 1 of 1
Country: Australia M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-25 Kinross Gold - Porcupine Gold Mines

Ontario, Canada

Kinross Gold Corp. - Porcupine Gold Mines is a producer of gold in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-02 Red Back Mining

Vancouver, British Columbia, Canada

Red Back is an un-hedged African-focused gold producer. It owns and operates the Chirano Gold Mine in Ghana and the Tasiast Gold Mine in Mauritania. Aggressive exploration programs aimed at increasing the Company's resource and reserve base at both Chirano and Tasiast are ongoing.

Buy $7.1B
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