M&A Deal Summary

Centerra Gold Acquires Gemfield Resources

On February 22, 2022, Centerra Gold acquired metals/mining company Gemfield Resources from Waterton Nevada Splitter for 207M USD

Acquisition Highlights
  • This is Centerra Gold’s 3rd transaction in the Metals/Mining sector.
  • This is Centerra Gold’s 3rd largest (disclosed) transaction.
  • This is Centerra Gold’s 2nd transaction in the United States.
  • This is Centerra Gold’s 1st transaction in Nevada.

M&A Deal Summary
Date 2022-02-22
Target Gemfield Resources
Sector Metals/Mining
Buyer(s) Centerra Gold
Sellers(s) Waterton Nevada Splitter
Deal Type Divestiture
Deal Value 207M USD

Target

Gemfield Resources

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

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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 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 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.

Buy CA$310M

Seller(S) 1

SELLER

Waterton Nevada Splitter

Nevada, United States
Category Company
Founded 2013
Sector Metals/Mining
DESCRIPTION

Waterton Nevada Splitter is a provider of mining services. Waterton Nevada Splitter was founded in 2013 and is based in Nevada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
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