M&A Deal Summary

Lundin Mining Acquires Yamana Gold - Chapada Mine

On April 15, 2019, Lundin Mining acquired metals/mining company Yamana Gold - Chapada Mine from Yamana Gold for 1.0B USD

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

M&A Deal Summary

Date 2019-04-15
Target Yamana Gold - Chapada Mine
Sector Metals/Mining
Buyer(s) Lundin Mining
Sellers(s) Yamana Gold
Deal Type Divestiture
Deal Value 1.0B USD

Target

Yamana Gold - Chapada Mine

Brazil
Yamana Gold, Inc. - Chapada Mine is a gold mine, Chapada mine has estimated reserves of 6 million oz of gold and 3.8 million oz of silver.

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Buyer(S) 1

Buyer

Lundin Mining

Toronto, Ontario, Canada

Category Company
Founded 1994
Sector Metals/Mining
Employees6,019
Revenue 3.4B USD (2023)
DESCRIPTION

Lundin Mining is a metals mining company. Lundin Mining was founded in 1994 and is based in Toronto, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Brazil) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Yamana Gold

Toronto, Ontario, Canada

Category Company
Founded 2003
Sector Metals/Mining
Employees5,091
Revenue 1.6B USD (2020)
DESCRIPTION

Yamana Gold is a canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile and Mexico. Yamana Gold was founded in 2003 and is based in Toronto, Canada.


DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Divestiture) 3 of 3
Country (Brazil) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Yamana Gold - Gualcamayo Mine & Grants

San Juan Province, Argentina

Yamana Gold, Inc. - Gualcamayo Mine & Grants is a producer with significant gold production, gold development stage properties, exploration properties, and land positions.

Sell $30M