M&A Deal Summary

Mineros S.A. Acquires Yamana Gold - Gualcamayo Mine & Grants

On October 25, 2018, Mineros S.A. acquired metals/mining company Yamana Gold - Gualcamayo Mine & Grants from Yamana Gold for 30M USD

Acquisition Highlights
  • This is Mineros S.A.’s 2nd transaction in the Metals/Mining sector.
  • This is Mineros S.A.’s largest (disclosed) transaction.
  • This is Mineros S.A.’s 1st transaction in Argentina.

M&A Deal Summary

Date 2018-10-25
Target Yamana Gold - Gualcamayo Mine & Grants
Sector Metals/Mining
Buyer(s) Mineros S.A.
Sellers(s) Yamana Gold
Deal Type Divestiture
Deal Value 30M USD

Target

Yamana Gold - Gualcamayo Mine & Grants

San Juan Province, Argentina
Yamana Gold, Inc. - Gualcamayo Mine & Grants is a producer with significant gold production, gold development stage properties, exploration properties, and land positions.

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Buyer(S) 1

Buyer

Mineros S.A.

Medellín, Colombia

website


Category Company
Founded 1974
Sector Metals/Mining
DESCRIPTION

Mineros S.A. is a Colombia-based Latin American gold producer with operations in Colombia and Nicaragua. In Colombia, it has produced gold from the El Bagre alluvial operations in Antioquia for over forty years, and more recently, from the La Ye underground mine. In Nicaragua, it produces gold from the Bonanza mine in the North Caribbean Coast Autonomous Region that it acquired in 2013, and through innovative agreements with artisanal miners. Mineros' strategic vision is to expand its operational and project footprint in the Americas.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 La Pepa Project

Chile

The La Pepa project is located in Chile's prolific Maricunga gold belt. The project is comprised of several deposits and areas. Although drilling and evaluation of the entire project continues, the Company has now completed its first resource estimate of the Cavancha area of the project. This resource estimate was prepared based on reverse circulation and diamond drilling, with a total of 107 drill holes (92 reverse circulation and 15 diamond drills) having been completed. In addition, 10 surface trenches have been completed utilizing an ordinary kriging method.

Buy -

Seller(S) 1

SELLER

Yamana Gold

Toronto, Ontario, Canada

website


Category Company
Founded 2003
Sector Metals/Mining
Employees5,091
Revenue 1.6B USD (2020)
DESCRIPTION

Yamana Gold is a canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile and Mexico. Yamana Gold was founded in 2003 and is based in Toronto, Canada.


DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 2 of 3
Type (Divestiture) 2 of 3
Country (Argentina) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Yamana - Amancaya Exploration Project

Chile

Yamana - Amancaya Exploration Project comprises gold-silver exploration properties located 70km east of the city of Tatal in Northern Chile. It includes epithermal gold-silver deposits containing about 407,000 inferred resource of gold equivalent ounces and consisting of eight mining exploitation concessions spread over an area of 1,755 hectares.

Sell $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Yamana Gold - Chapada Mine

Brazil

Yamana Gold, Inc. - Chapada Mine is a gold mine, Chapada mine has estimated reserves of 6 million oz of gold and 3.8 million oz of silver.

Sell $1.0B