M&A Deal Summary

Centerra Gold Acquires AuRico Metals

On January 8, 2018, Centerra Gold acquired metals/mining company AuRico Metals for 310M CAD

Acquisition Highlights
  • This is Centerra Gold’s 2nd transaction in the Metals/Mining sector.
  • This is Centerra Gold’s 2nd largest (disclosed) transaction.
  • This is Centerra Gold’s 1st transaction in Canada.
  • This is Centerra Gold’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-01-08
Target AuRico Metals
Sector Metals/Mining
Buyer(s) Centerra Gold
Deal Type Add-on Acquisition
Deal Value 310M CAD
Advisor(s) Macquarie Capital (Financial)
Fasken Martineau DuMoulin (Legal)

Target

AuRico Metals

Toronto, Ontario, Canada
AuRico Metals, Inc. is a mining royalty and development company. AuRico Metals is developing the Kemess property in British Columbia, Canada; a low-cost brownfield development asset that is host to the feasibility-stage Kemess Underground and preliminary economic assessment level Kemess East projects. AuRico Metals also owns a high-quality, free cash flow generating royalty portfolio which includes a 1.5% net smelter return royalty on the Young-Davidson gold mine in Ontario and a 2.0% NSR royalty on the Fosterville gold mine in Australia.

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Buyer(S) 1

Buyer

Centerra Gold

Toronto, Ontario, Canada
Category Company
Founded 2002
Sector Metals/Mining
Employees3,650
Revenue 1.1B USD (2023)
DESCRIPTION

Centerra Gold is a Canadian-based gold mining and exploration company engaged in the operation, exploration, development and acquisition of gold properties in North America, Asia and other markets worldwide. With two flagship assets, the Mount Milligan Mine and the Kumtor Mine which are located in Canada and the Kyrgyz Republic, Centerra’s vision is to build a team-based culture of excellence that responsibly delivers sustainable value and growth. Our objective is to build shareholder value by maximizing the potential of our current properties and leveraging our financial strength and experience to acquire new long-life, low-cost projects. Centerra Gold was founded in 2002 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Thompson Creek Metals

Littleton, Colorado, United States

Thompson Creek Metals Co., Inc. is a mining company. The Company's diversified reserves include copper, gold, and molybdenum. Thompson Creek Metals was founded in 1983 and is based in Littleton, Colorado.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Gemfield Resources

Reno, Nevada, United States

Gemfield Resources is a provider of mining services. Gemfield Resources is based in Reno, Nevada.

Buy $207M
Mergr

Product

Company

Legal