M&A Deal Summary

Teranga Gold Acquires Oromin Explorations

On August 6, 2013, Teranga Gold acquired metals/mining company Oromin Explorations

Acquisition Highlights
  • This is Teranga Gold’s 1st transaction in the Metals/Mining sector.
  • This is Teranga Gold’s 1st transaction in Canada.
  • This is Teranga Gold’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2013-08-06
Target Oromin Explorations
Sector Metals/Mining
Buyer(s) Teranga Gold
Deal Type Add-on Acquisition


Oromin Explorations

Vancouver, British Columbia, Canada
Oromin Explorations Ltd. is a natural resource company focuses on exploring the OJVG Gold project located in the Republic of Sénégal, West Africa.

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Buyer(S) 1


Teranga Gold

Toronto, Ontario, Canada


Category Company
Founded 2010
Sector Metals/Mining
Revenue 353M USD (2019)

Teranga Gold Corp. is a canadian-based gold company acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, along with shares held in Oromin Explorations Ltd. (“Oromin”) from Mineral Deposits Limited (“MDL”), collectively referred to as the Sabodala Gold Assets. Teranga Gold was founded in 2010 and is based in Toronto, Canada.

Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
2016-06-19 Gryphon Minerals

Subiaco, Australia

Gryphon Minerals Ltd. is an Australian company committed to becoming a significant West African gold producer with an immediate focus on advancing its 100%-owned Banfora Gold Project in Burkina Faso, as well as a pipeline of new and exciting projects in West Africa. The Banfora Gold Project (“Banfora” or “the Project”) is located in the south-west of Burkina Faso, West Africa. Burkina Faso is one of the largest gold producers in Africa and is located on some of the world’s most prolific greenstone belts (accounting for 22% of West Africa’s greenstone belt exposure). The country is already host to a number of producing mines and this is anticipated to increase given the prospectivity and strong Government support for the mining industry.

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