M&A Deal Summary

Austral Gold Acquires Yamana - Amancaya Exploration Project

On June 17, 2014, Austral Gold acquired metals/mining company Yamana - Amancaya Exploration Project from Yamana Gold for 12M USD

Acquisition Highlights
  • This is Austral Gold’s 1st transaction in the Metals/Mining sector.
  • This is Austral Gold’s largest (disclosed) transaction.
  • This is Austral Gold’s 1st transaction in Chile.

M&A Deal Summary
Date 2014-06-17
Target Yamana - Amancaya Exploration Project
Sector Metals/Mining
Buyer(s) Austral Gold
Sellers(s) Yamana Gold
Deal Type Divestiture
Deal Value 12M USD

Target

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.

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Buyer(S) 1

Buyer

Austral Gold

Sydney, Australia
Category Company
Founded 1996
Sector Metals/Mining
Revenue 88M AUD (2020)
DESCRIPTION

Austral Gold is a growing precious metals mining and exploration company building a portfolio of assets in South America. The Company's flagship Guanaco Project in Chile is a low-cost producing gold/silver mine with further exploration upside. With an experienced and highly regarded major shareholder, Austral Gold is strengthening its asset base by investing in new precious metals projects in Chile and Argentina that have near-term development potential. Austral Gold was founded in 1996 and is based in Sydney, Australia.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Divestiture) 1 of 3
Country (Chile) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 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 .

Buy -

Seller(S) 1

SELLER

Yamana Gold

Toronto, Ontario, Canada
Category Company
Founded 2003
Sector Metals/Mining
Employees5,091
Revenue 1.6B USD (2020)
DESCRIPTION

Yamana Gold is a canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile and Mexico. Yamana Gold was founded in 2003 and is based in Toronto, Canada.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Divestiture) 1 of 3
Country (Chile) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-01 Osisko Mining

Montreal, Quebec, Canada

Osisko Mining Corporation operates the Canadian Malartic Gold Mine in Malartic, Quebec and is pursuing exploration on a number of properties, notably in Quebec, Ontario and Mexico.

Buy $3.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Yamana Gold - Gualcamayo Mine & Grants

San Juan Province, Argentina

Yamana Gold, Inc. - Gualcamayo Mine & Grants is a producer with significant gold production, gold development stage properties, exploration properties, and land positions.

Sell $30M
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