M&A Deal Summary

Lundin Gold Acquires Aurelian Resources

On October 21, 2014, Lundin Gold acquired metals/mining company Aurelian Resources from Kinross for 240M USD

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

M&A Deal Summary
Date 2014-10-21
Target Aurelian Resources
Sector Metals/Mining
Buyer(s) Lundin Gold
Sellers(s) Kinross
Deal Type Divestiture
Deal Value 240M USD

Target

Aurelian Resources

Toronto, Ontario, Australia
Aurelian Resources Inc. is a mining company focused on mining opportunities, primarily gold, silver, and base metals, in Ecuador. The Company was formed in 2002.

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Buyer(S) 1

Buyer

Lundin Gold

Vancouver, British Columbia, Canada
Category Company
Founded 1986
Sector Metals/Mining
Employees1,645
Revenue 903M USD (2023)
DESCRIPTION

Lundin Gold is a Canadian mining company. In December, 2014 the Company acquired the Fruta del Norte gold project located in southeast Ecuador. Fruta del Norte is one of the largest and highest grade undeveloped gold projects in the world and the Company plans to advance FDN in order to realize the significant potential of this asset, which is Lundin Gold's flagship project. Lundin Gold was founded in 1986 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Australia) 1 of 1
Year (2014) 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 3 of 4
Sector (Metals/Mining) 3 of 4
Type (Divestiture) 1 of 2
State (Ontario) 3 of 3
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-02 Red Back Mining

Vancouver, British Columbia, Canada

Red Back is an un-hedged African-focused gold producer. It owns and operates the Chirano Gold Mine in Ghana and the Tasiast Gold Mine in Mauritania. Aggressive exploration programs aimed at increasing the Company's resource and reserve base at both Chirano and Tasiast are ongoing.

Buy $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Peak Gold Project

Alaska, United States

The Peak Gold project is a relatively high-grade deposit with a large estimated resource base that is expected to commence production in 2024 as a low-cost, open-pit mine.

Buy $94M
Mergr

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