M&A Deal Summary

Highland Gold Mining Acquires Kinross Gold - Russian assets

On April 5, 2022, Highland Gold Mining acquired metals/mining company Kinross Gold - Russian assets from Kinross for 680M USD

Acquisition Highlights
  • This is Highland Gold Mining’s 1st transaction in the Metals/Mining sector.
  • This is Highland Gold Mining’s largest (disclosed) transaction.
  • This is Highland Gold Mining’s 1st transaction in Russia.

M&A Deal Summary
Date 2022-04-05
Target Kinross Gold - Russian assets
Sector Metals/Mining
Buyer(s) Highland Gold Mining
Sellers(s) Kinross
Deal Type Divestiture
Deal Value 680M USD

Target

Kinross Gold - Russian assets

Russia
Kinross Gold's Russian assets operate several mines in the Chukotka and Khabarovsk regions where the Kupol mine and Udinsk project are located, respectively. Kinross Gold's Russian assets are based in Russia.

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Buyer(S) 1

Buyer

Highland Gold Mining

St.Helier, Channel Islands
Category Company
Founded 2002
Sector Metals/Mining
Revenue 304M GBP (2014)
DESCRIPTION

Highland Gold Mining is a gold mining company in Russia and Central Asia with a firm commitment towards safety, health, and the environment, and social responsibility towards employees and communities. The company is a well-established gold producer with a world-class Russian asset base for producing, developing, and exploration projects. It has strong management and operational teams with local and international expertise, and an exciting portfolio of JORC audited resources. Highland Gold Mining is based in St.Helier, Channel Islands.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Russia) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Kinross

Toronto, Ontario, Canada
Category Company
Founded 1993
Sector Metals/Mining
Employees8,447
Revenue 4.2B USD (2023)
DESCRIPTION

Kinross is a Canadian gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ecuador and Russia. The Company was formed in 1972 and employs approximately 5,500 people worldwide. Kinross Gold was incorporated in 1993 and is based in Toronto, Canada.

DEAL STATS #
Overall 4 of 4
Sector (Metals/Mining) 4 of 4
Type (Divestiture) 2 of 2
Country (Russia) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Great Bear Resources

Vancouver, British Columbia, Canada

Great Bear Resources is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. Great Bear Resources is based in Vancouver, British Columbia.

Buy CA$1.8B
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