M&A Deal Summary

Hochschild Mining Acquires Amarillo

On November 29, 2021, Hochschild Mining acquired metals/mining company Amarillo for 165M CAD

Acquisition Highlights

This is Hochschild Mining’s 1st transaction in the Metals/Mining sector.
This is Hochschild Mining’s 0th largest (disclosed) transaction.
This is Hochschild Mining’s 1st transaction in Canada.
This is Hochschild Mining’s 1st transaction in Ontario.

M&A Deal Summary
Date	2021-11-29
Target	Amarillo
Sector	Metals/Mining
Buyer(s)	Hochschild Mining
Deal Type	Add-on Acquisition
Deal Value	165M CAD
Advisor(s)	Osler Irwin Lowy (Legal)

Target

Amarillo

Toronto, Ontario, Canada

Amarillo is advancing two gold projects located near excellent infrastructure in mining-friendly states in Brazil. The development stage Posse Gold Project is on the Company’s Mara Rosa Property in Goiás State. Mara Rosa shows the potential for discovering additional near-surface deposits that will extend Posse’s mine life beyond its initial 10 years. The exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 23 prospects centered on historic gold workings. Amarillo is based in Toronto, Canada.

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