M&A Deal Summary

Kinross Acquires Red Back Mining

On August 2, 2010, Kinross acquired metals/mining company Red Back Mining for 7.1B USD

Acquisition Highlights
  • This is Kinross’ 3rd transaction in the Metals/Mining sector.
  • This is Kinross’ largest (disclosed) transaction.
  • This is Kinross’ 1st transaction in Canada.
  • This is Kinross’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2010-08-02
Target Red Back Mining
Sector Metals/Mining
Buyer(s) Kinross
Deal Type Merger
Deal Value 7.1B USD
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets) (Financial)
Blake, Cassels & Graydon LLP (Legal)

Target

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.

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Buyer(S) 1

Buyer

Kinross

Toronto, Ontario, Canada

website

Category Company
Founded 1993
Sector Metals/Mining
Employees8,447
Revenue 3.5B USD (2022)
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 founded in 1993 and is based in Toronto, Canada.

DEAL STATS #
Overall 3 of 5
Sector (Metals/Mining) 3 of 5
Type (Merger) 1 of 1
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-24 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.

Buy CA$1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 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.

Sell $240M
Mergr

Product

Company

Legal