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Add-on Acquisition • Metals/Mining

First Majestic Acquires Primero Mining

On January 12, 2018, First Majestic acquired metals/mining company Primero Mining for 320M USD

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

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M&A Deal Summary
Date January 12, 2018
Target Primero Mining
Sector Metals/Mining
Buyer(s) First Majestic
Deal Type Add-on Acquisition
Deal Value 320M USD
Advisor(s) Scotiabank - Global Banking and Markets
Rothschild Global Advisory (Financial)
Stikeman Elliott
Milbank (Legal)

Target Company

Primero Mining

Toronto, Ontario, Canada
Primero is a Canadian-based gold mining company with operating mines in Canada and Mexico, and a strong portfolio of development-stage and exploration projects. After a year of production increases, exploration success and management renewal, company look forward to continuing to deliver disciplined growth and long-term shareholder value.
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Buyer Overview 1

Buyer

First Majestic

Vancouver, British Columbia, Canada
Category Company
Founded 1979
Sector Metals/Mining
Employees4,000
Revenue 564M USD (2024)
DESCRIPTION

First Majestic is a mining company focused on silver production. First Majestic was founded in 1979 and is based in Vancouver, British Columbia.

Deal Context for Buyer #
Overall 2 of 4
Sector: Metals/Mining 2 of 4
Type: Add-on Acquisition 2 of 3
State: Ontario 1 of 1
Country: Canada 2 of 3
Year: 2018 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 SilverCrest Mines

Vancouver, British Columbia, Canada

SilverCrest Mines, Inc. is a metals producer company produces silver and gold.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 Silver Dollar Resources

Vancouver , British Columbia, Canada

Silver Dollar Resources, Inc. is engaged in the business of mineral exploration. Silver Dollar Resources is based in Vancouver, British Columbia.

Buy -

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