M&A Deal Summary

Dundee Acquires Avala Resources

On February 12, 2016, Dundee acquired metals/mining company Avala Resources

Acquisition Highlights
  • This is Dundee’s 2nd transaction in the Metals/Mining sector.
  • This is Dundee’s 2nd transaction in Canada.
  • This is Dundee’s 1st transaction in Quebec.

M&A Deal Summary
Date 2016-02-12
Target Avala Resources
Sector Metals/Mining
Buyer(s) Dundee
Deal Type Add-on Acquisition

Target

Avala Resources

Longueuil, Quebec, Canada
Avala Resources Ltd. is a mineral exploration company focused on the exploration and development of gold and copper projects in Serbia. Avala's key projects are the Timok Gold Project, the Tulare Project, and the Lenovac Project.

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Buyer(S) 1

Buyer

Dundee

Toronto, Ontario, Canada
Category Company
Founded 1983
Sector Metals/Mining
Employees3,876
Revenue 520M USD (2023)
DESCRIPTION

Dundee is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals. The Company's principal operating assets include the Chelopech operation, which produces a copper concentrate containing gold and silver, located east of Sofia, Bulgaria; the Kapan operation, which produces a copper concentrate and a zinc concentrate, both containing gold and silver, located in southern Armenia; and the Tsumeb smelter, a concentrate processing facility located in Namibia. Dundee was founded in 1983 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 1 of 2
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 INV Metals

Toronto, Ontario, Canada

INV Metals is focused on the exploration and development of the Loma Larga gold project in Ecuador. The Company strives to achieve excellence in its technical, environmental, health, safety, and social practices and is committed to meeting or exceeding the best practices and standards for responsible and sustainable development. INV Metals was formed in 2005 and is based in Toronto, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 MineRP

Gauteng, South Africa

MineRP is a private company founded in 1997 and headquartered in South Africa, is an independent software vendor (“ISV”) for the mining industry. The company's platform improves productivity in planning and operations by integrating various technical and financial applications in the industry.

Buy -
Mergr

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