M&A Deal Summary

Resolute Mining Acquires Toro Gold

On August 1, 2019, Resolute Mining acquired oil/gas exploration company Toro Gold for 305M USD

Acquisition Highlights
  • This is Resolute Mining’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Resolute Mining’s largest (disclosed) transaction.
  • This is Resolute Mining’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-08-01
Target Toro Gold
Sector Oil/Gas Exploration
Buyer(s) Resolute Mining
Deal Type Add-on Acquisition
Deal Value 305M USD

Target

Toro Gold

Guernsey, United Kingdom
website
Toro Gold is an exploration and development company focused on the prolific Birimian and Archean geological terranes of Africa. Presently, the most advanced projects within the portfolio are the Mako Project in Senegal and the Guilengbe Project in Guinea.

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Buyer(S) 1

Buyer

Resolute Mining

Perth, Australia

website

Category Company
Founded 2001
Sector Metals/Mining
Revenue 603M EUR (2020)
DESCRIPTION

Resolute Mining is a gold miner, explorer, developer, and operator of ten gold mines that have produced more than 9 million ounces of gold and counting. Resolute currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Our Global Mineral Resource base comprises 11 million ounces of gold. Resolute Mining was formed in 2001 and is based in Perth, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-28 Orca Gold

Vancouver, British Columbia, Canada

Orca Gold is a Canadian public company engaged in the exploration and development of mineral properties in East Africa. Orca is currently advancing its 70%-owned Block 14 Gold Project (the “Project”) in northern Sudan towards a production decision. It also owns a 31.5% interest in TSX-V listed Montage who is nearing completion of a definitive feasibility study at its cornerstone Koné Gold Project located in Côte d’Ivoire. Orca Gold is based in Vancouver, British Columbia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-30 Orca Gold

Vancouver, British Columbia, Canada

Orca Gold is a Canadian public company engaged in the exploration and development of mineral properties in East Africa. Orca is currently advancing its 70%-owned Block 14 Gold Project (the “Project”) in northern Sudan towards a production decision. It also owns a 31.5% interest in TSX-V listed Montage who is nearing completion of a definitive feasibility study at its cornerstone Koné Gold Project located in Côte d’Ivoire. Orca Gold is based in Vancouver, British Columbia.

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