M&A Deal Summary

Royal Gold Acquires Andacollo mine

On April 6, 2009, Royal Gold acquired metals/mining company Andacollo mine from Teck Resources for 100M USD

Acquisition Highlights
  • This is Royal Gold’s 3rd transaction in the Metals/Mining sector.
  • This is Royal Gold’s 4th largest (disclosed) transaction.
  • This is Royal Gold’s 1st transaction in Chile.

M&A Deal Summary
Date 2009-04-06
Target Andacollo mine
Sector Metals/Mining
Buyer(s) Royal Gold
Sellers(s) Teck Resources
Deal Type Divestiture
Deal Value 100M USD

Target

Andacollo mine

Chile
The Andacollo mine producing copper cathodes from the oxide portion of the deposit. A mill and flotation circuit to produce copper and gold from the sulfide portion of the deposit, known as the "Hypogene Project," is currently under construction.

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Buyer(S) 1

Buyer

Royal Gold

Denver, Colorado, United States

website

Category Company
Founded 1981
Sector Metals/Mining
Employees27
Revenue 603M USD (2022)
DESCRIPTION

Royal Gold is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests. The Company owns interests on 198 properties on six continents, including interests on 37 producing mines and 23 development stage projects. Royal Gold was founded in 1981 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 10
Sector (Metals/Mining) 3 of 10
Type (Divestiture) 3 of 9
Country (Chile) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-06 The royalty portfolio

United States

The royalty portfolio consists of royalties on 72 properties, including 8 producing royalties, 2 development stage properties, 19 evaluation stage properties, and 43 exploration projects. Approximately 75% of the portfolio consists of precious metals royalties.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-20 Mt. Milligan project

United States

The Mt. Milligan project proven and probable reserves total 482 million tonnes (0.20% copper; 0.39 g/t gold), containing 2.1 billion pounds of copper and 6.0 million ounces of gold.

Buy $312M

Seller(S) 1

SELLER

Teck Resources

Vancouver, British Columbia, Canada

website

Category Company
Founded 1913
Sector Metals/Mining
Employees10,000
Revenue 17.3B CAD (2022)
DESCRIPTION

Teck Resources is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Teck Resources was founded in 1913 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 4
Sector (Metals/Mining) 1 of 4
Type (Divestiture) 1 of 3
Country (Chile) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 GJ Copper-Gold Project

British Columbia, Canada

GJ Copper-Gold Project is comprised of 80 mineral claims totaling 37,508 hectares and is located adjacent to the eastern boundary of Skeena’s Spectrum Project (see map) in the Golden Triangle of northwest British Columbia.

Sell -
Mergr

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