M&A Deal Summary

Austral Gold Acquires Troy - Casposo Gold and Silver Project

On March 7, 2016, Austral Gold acquired metals/mining company Troy - Casposo Gold and Silver Project from Troy Resources

Acquisition Highlights
  • This is Austral Gold’s 2nd transaction in the Metals/Mining sector.
  • This is Austral Gold’s 1st transaction in Argentina.

M&A Deal Summary

Date 2016-03-07
Target Troy - Casposo Gold and Silver Project
Sector Metals/Mining
Buyer(s) Austral Gold
Sellers(s) Troy Resources
Deal Type Divestiture

Target

Troy - Casposo Gold and Silver Project

Argentina
Troy - Casposo Gold and Silver Project comprises gold and silver mining project located in the department of Calingasta, San Juan Province, Argentina, approximately 150km from the city of San Juan, and covers an area of 100.21 km2 .

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Buyer(S) 1

Buyer

Austral Gold

Sydney, Australia

Category Company
Founded 1996
Sector Metals/Mining
Revenue 37M AUD (2024)
DESCRIPTION

Austral Gold is a growing precious metals mining and exploration company building a portfolio of assets in South America. Austral Gold was founded in 1996 and is based in Sydney, Australia.


DEAL STATS #
Overall 2 of 3
Sector: Metals/Mining M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
Country: Argentina M&A 1 of 2
Year: 2016 M&A 1 of 1
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.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 New Dimension Resources- Sierra Blanca Gold-Silver Project

Santa Cruz, Argentina

New Dimension Resources' Sierra Blanca Gold-Silver Project is a mining company that consists of approximately 7,000 Ha (70 square kilometers) of mining claims based in Santa Cruz Province, Argentina.

Buy -

Seller(S) 1

SELLER

Troy Resources

West Perth, Australia

Category Company
Founded 1984
Sector Metals/Mining
Employees311
Revenue 60M AUD (2021)
DESCRIPTION

Troy Resources is a junior gold producer with operations at Karouni in Guyana, Casposo in San Juan Province, Argentina and Andorinhas in Para State, Brazil. The Company has forged a proven record of fast-track mine development, low cost operations, strategic acquisitions and exploration discoveries. Troy Resources was founded in 1984 and is based in West Perth, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Argentina M&A 1 of 1
Year: 2016 M&A 1 of 1