M&A Deal Summary

Chifeng Jilong Gold Mining Acquires Golden Star

On November 1, 2021, Chifeng Jilong Gold Mining acquired metals/mining company Golden Star for 470M USD

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

M&A Deal Summary
Date 2021-11-01
Target Golden Star
Sector Metals/Mining
Buyer(s) Chifeng Jilong Gold Mining
Deal Type Add-on Acquisition
Deal Value 470M USD
Advisor(s) Canaccord Genuity Corp. (Financial)
Fasken Martineau DuMoulin
Davis Graham & Stubbs (Legal)

Target

Golden Star

Toronto, Ontario, Canada
Golden Star is an established gold mining company with producing assets and development projects in Ghana.Golden Star holds a 90% interest in both the Bogoso and Wassa open-pit gold mines, situated on the prolific Ashanti Gold Belt in western Ghana. The Company is strategically focused on growing its operating margin through shifting production to new lower cost ore ounces. Golden Star Resources was founded in 1992 and is based in Toronto, Canada.

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Buyer(S) 1

Buyer

Chifeng Jilong Gold Mining

Beijing, China
Category Company
Founded 1998
Sector Metals/Mining
Employees5,457
Revenue 7.2B CNY (2023)
DESCRIPTION

Chifeng Jilong Gold Mining is an international gold mining company that operates five mining assets, including the world-class Sepon gold mine in Laos. The Company is specialized in gold acquisition and integrated resource recovery and utilization. Its products include rare and precious metals such as gold, silver, copper, lead and zinc. Chifeng Jilong Gold Mining was founded in 1998 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal