M&A Deal Summary

Goldcorp Acquires Virginia Gold Mines - Virginia’s Éléonore gold project

On December 5, 2005, Goldcorp acquired metals/mining company Virginia Gold Mines - Virginia’s Éléonore gold project from Virginia Gold Mines for 420M USD

Acquisition Highlights
  • This is Goldcorp’s 2nd transaction in the Metals/Mining sector.
  • This is Goldcorp’s largest (disclosed) transaction.
  • This is Goldcorp’s 3rd transaction in Canada.
  • This is Goldcorp’s 1st transaction in Quebec.

M&A Deal Summary

Date 2005-12-05
Target Virginia Gold Mines - Virginia’s Éléonore gold project
Sector Metals/Mining
Buyer(s) Goldcorp
Sellers(s) Virginia Gold Mines
Deal Type Divestiture
Deal Value 420M USD

Target

Virginia Gold Mines - Virginia’s Éléonore gold project

Quebec, Canada
Virginia Gold Mines, Inc. - Virginia’s Éléonore gold project is a gold producer in Canada.

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Buyer(S) 1

Buyer

Goldcorp

Vancouver, British Columbia, Canada

Category Company
Founded 1954
Sector Metals/Mining
Employees9,290
Revenue 3.4B USD (2017)
DESCRIPTION

Goldcorp, Inc. is a gold producer, with operations and development projects in America. Goldcorp Inc. was founded in 1954 and is headquartered in Vancouver, Canada.


DEAL STATS #
Overall 3 of 12
Sector (Metals/Mining) 2 of 10
Type (Divestiture) 1 of 1
State (Quebec) 1 of 2
Country (Canada) 3 of 10
Year (2005) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-23 Madison Enterprises

New York, New York, United States

Madison Enterprises Corp. is a provider of gold mining services in US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-19 Peak Gold

Brazil

Peak Gold Ltd. is a producer of gold mining in Brazil.

Sell $200M

Seller(S) 1

SELLER

Virginia Gold Mines

Quebec, Quebec, Canada

Category Company
Sector Metals/Mining
DESCRIPTION

Virginia Gold Mines, Inc. is a gold producer on Canada.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1