M&A Deal Summary |
|
|---|---|
| Date | 2019-12-13 |
| Target | Monarch Gold - Simkar Property |
| Sector | Metals/Mining |
| Buyer(s) | O3 Mining |
| Sellers(s) | Monarch Mining |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Sector | Metals/Mining |
| Employees | 48 |
| Revenue | 8M CAD (2023) |
O3 Mining is a provider of exploration properties in prospective gold camps in Canada – focused on projects in Québec and Ontario. O3 Mining is well-capitalized and holds a 100% interest in a number of properties in Québec (435,000 hectares) and Ontario (25,000 hectares). O3 Mining controls 61,000 hectares in Val d'Or and over 50 kilometers of strike length of the Cadillac Larder break. O3 Mining is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Metals/Mining) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Quebec) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2019) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 2020 |
| Sector | Metals/Mining |
| Employees | 29 |
| Revenue | 32M CAD (2019) |
Monarch Mining is a fully integrated mining company that owns four advanced projects, including the fully permitted past-producing Beaufor Mine, which has produced more than 1 million ounces of gold. Other advanced assets include the Croinor Gold, McKenzie Break and Swanson properties, all located near Monarch’s wholly owned and fully permitted Beacon 750 tpd mill. Monarch owns 28,725 hectares (287 km2) of mining assets in the prolific Abitibi mining camp that host 588,482 ounces of combined measured and indicated gold resources and 329,393 ounces of combined inferred resources. Monarch Mining was founded in 2020 and is based in Saint-Sauveur, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Metals/Mining) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Quebec) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2019) | 1 of 1 |
