M&A Deal Summary

Fortuna Silver Mines Acquires Chesser Resources

On September 20, 2023, Fortuna Silver Mines acquired metals/mining company Chesser Resources

Acquisition Highlights
  • This is Fortuna Silver Mines’ 2nd transaction in the Metals/Mining sector.
  • This is Fortuna Silver Mines’ 1st transaction in Australia.

M&A Deal Summary

Date 2023-09-20
Target Chesser Resources
Sector Metals/Mining
Buyer(s) Fortuna Silver Mines
Deal Type Add-on Acquisition

Target

Chesser Resources

Brisbane, Australia
Chesser Resources currently holds ~1,000km2 of highly prospective ground in this underexplored gold region. The Company has corporate offices located in Brisbane and Perth, Australia and a corporate and technical team based in Dakar, Senegal. Diamba Sud, covers an area of 53.2km2 and is located ~2km to the west of the Senegal Mali Shear Zone (“SMSZ”), a major regional structure that host numerous multimillion-ounce world class gold deposits including: B2Gold’s 7.6Moz Fekola mine, Barrick’s 18Moz Loulo-Gounkoto complex and Allied Gold’s Sadiola and Yatela mines.

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Buyer(S) 1

Buyer

Fortuna Silver Mines

Vancouver, British Columbia, Canada

Category Company
Founded 1990
Sector Metals/Mining
Revenue 1.1B USD (2024)
DESCRIPTION

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Company primary assets are the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. The company is selectively pursuing acquisition opportunities throughout the Americas and in select other areas. Fortuna Silver Mines was founded in 1990 and is headquartered in Vancouver, British Columbia.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Australia M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Goldrock Mines

Vancouver, British Columbia, Canada

Goldrock Mines Corp. is an emerging gold producer focused on the development of its 100% owned Lindero gold deposit located in Salta province, northwestern Argentina. The company has been granted the primary mining permit by the Salta provincial government allowing the Company to develop the Lindero open pit, heap leach gold mine. The company also has secondary permits in place for process water extraction, road construction, building and electrical permits. In addition, the company has received formal public declaration of support for the Lindero development by a Salta provincial government decree recognizing Lindero as the priority development project for Salta province.

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