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  6. Iamgold Acquires Merrex Gold

M&A Deal Summary

Iamgold Acquires Merrex Gold

On December 22, 2016, Iamgold acquired metals/mining company Merrex Gold

Acquisition Highlights
  • This is Iamgold’s 5th transaction in the Metals/Mining sector.
  • This is Iamgold’s 5th transaction in Canada.
  • This is Iamgold’s 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2016-12-22
Target Merrex Gold
Sector Metals/Mining
Buyer(s) Iamgold
Deal Type Add-on Acquisition

Target

Merrex Gold

Bedford, Nova Scotia, Canada
Merrex Gold, Inc. is a junior mineral exploration company. Merrex's primary assets are its gold properties in West Mali, principally its 50% interest in the Siribaya Gold Project, its 100% held Karita exploration authorization in Guinea and its 100% held zinc-lead property in Nova Scotia (the Jubilee Project). Merrex holds permits totaling approximately 700 square kilometers within an approximately 4,100 square kilometers area of interest in the southern portion of the West Mali Gold Belt.

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Buyer(S) 1

Buyer

Iamgold

Toronto, Ontario, Canada
Category Company
Founded 1990
Sector Metals/Mining
Employees3,700
Revenue 1.6B USD (2024)
DESCRIPTION

Iamgold is a mid-tier gold mining company producing almost one million ounces from 7 mines on 3 continents. IIamgold was founded in 1990 and is based in Toronto, Ontario.

DEAL STATS #
Overall 5 of 5
Sector: Metals/Mining M&A 5 of 5
Type: Add-on Acquisition M&A Deals 4 of 4
State: Nova Scotia M&A 1 of 1
Country: Canada M&A 5 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 INV Metals

Toronto, Ontario, Canada

INV Metals is focused on the exploration and development of the Loma Larga gold project in Ecuador. The Company strives to achieve excellence in its technical, environmental, health, safety, and social practices and is committed to meeting or exceeding the best practices and standards for responsible and sustainable development. INV Metals was formed in 2005 and is based in Toronto, Ontario.

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