M&A Deal Summary

Calibre Mining Acquires Marathon Gold

On November 13, 2023, Calibre Mining acquired metals/mining company Marathon Gold

Acquisition Highlights
  • This is Calibre Mining’s 2nd transaction in the Metals/Mining sector.
  • This is Calibre Mining’s 2nd transaction in Canada.
  • This is Calibre Mining’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2023-11-13
Target Marathon Gold
Sector Metals/Mining
Buyer(s) Calibre Mining
Deal Type Add-on Acquisition
Advisor(s) Maxit Capital LP (Financial)
Norton Rose Fulbright (Legal)

Target

Marathon Gold

Toronto, Ontario, Canada
Marathon Gold is a gold company advancing its Valentine Gold Project located in the central region of Newfoundland & Labrador. The Valentine Gold Project comprises a series of five mineralized deposits along a 32-kilometre system. Marathon Gold is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Calibre Mining

Vancouver, British Columbia, Canada
Category Company
Founded 1969
Sector Metals/Mining
Revenue 562M USD (2023)
DESCRIPTION

Calibre Mining is an exploration and mine development company with gold, silver and copper mineral exploration projects in the highly prolific 'Mining Triangle' of northeastern Nicaragua. Calibre Mining was founded in 1969 and is based in Vancouver, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 Fiore Gold

Toronto, Ontario, Canada

Fiore Gold is a mid-tier gold producer. Fiore Gold is based in Toronto, Ontario.

Buy CA$10M
Mergr

Product

Company

Legal