M&A Deal Summary

Argonaut Gold Acquires Alio Gold

On July 1, 2020, Argonaut Gold acquired metals/mining company Alio Gold from Pacific Road Capital

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

M&A Deal Summary

Date 2020-07-01
Target Alio Gold
Sector Metals/Mining
Buyer(s) Argonaut Gold
Sellers(s) Pacific Road Capital
Deal Type Merger

Target

Alio Gold

Vancouver, British Columbia, Canada
Alio Gold is an exploration, development, and operation of mineral resource property in Mexico. The company primarily mines gold and silver. Alio Gold was founded in 2005 and is based in Vancouver, Canada.

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Buyer(S) 1

Buyer

Argonaut Gold

Toronto, Ontario, Canada

Category Company
Founded 2007
Sector Metals/Mining
Revenue 372M USD (2023)
DESCRIPTION

Argonaut Gold is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. Advanced exploration projects include the Cerro del Gallo project in Guanajuato, Mexico, the Magino project in Ontario, Canada, and the Ana Paula project in Guerrero, Mexico. The Company continues to hold the San Antonio advanced exploration project in Baja California Sur, Mexico, and several exploration stage projects, all of which are located in North America. Argonaut Gold was incorporated in 2007 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Merger) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Pacific Road Capital

Sydney, Australia

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 796M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pacific Road Capital is a private equity manager investing in the global mining industry. PRC provides expansion and buyout capital for mining projects, mining-related infrastructure, and mining services. The Firm's target investment size is US $15 to $40 million. PRC will consider projects located in resource rich areas including Australia, Asia, Africa, and the Americas. PRC's investment horizon is three to five years. Pacific Road Capital was founded in 2006 and is located in Sydney, Australia.


DEAL STATS #
Overall 5 of 6
Sector (Metals/Mining) 5 of 6
Type (Merger) 1 of 1
State (British Columbia) 3 of 3
Country (Canada) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 Xtierra

Toronto, Ontario, Canada

Xtierra Inc. is a natural resource company, engages in exploring for and developing mineral properties in Mexico. The company primarily focuses on precious and base metal deposits. It owns mineral properties located in the Central Silver Belt of Mexico in the States of Zacatecas and San Luis Potosi, as well as holds approximately 20,000 hectares of mineral claims in the Panfilo Natera area.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-22 Base Resources

West Perth, Australia

Base Resources develops mineral resources in Africa. It primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya. Base Resources was founded in 2007 and is based in West Perth, Australia.

Sell AU$375M