M&A Deal Summary

New Gold Acquires Rainy River Resources

On August 8, 2013, New Gold acquired metals/mining company Rainy River Resources

Acquisition Highlights
  • This is New Gold’s 2nd transaction in the Metals/Mining sector.
  • This is New Gold’s 1st transaction in Canada.
  • This is New Gold’s 1st transaction in Ontario.

M&A Deal Summary

Date 2013-08-08
Target Rainy River Resources
Sector Metals/Mining
Buyer(s) New Gold
Deal Type Add-on Acquisition

Target

Rainy River Resources

Toronto, Ontario, Canada
Rainy River Resources Ltd. is a precious metals exploration company.

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Buyer(S) 1

Buyer

New Gold

Toronto, Ontario, Canada

Category Company
Founded 1980
Sector Metals/Mining
Employees1,337
Revenue 925M USD (2024)
DESCRIPTION

New Gold is a mining company focused on the exploration, development, and operation of gold, silver, and copper properties. The Company’s core producing assets include the Rainy River gold-silver mine in Ontario and the New Afton gold-copper mine in British Columbia. New Gold was founded in 1980 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 El Morro copper gold project

Chile

El Morro copper gold project proven and probable reserves totaled 9.5 million ounces of gold and 7 billion pounds of copper on a 100% basis.

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