Investment Summary

Perseus Mining Invests In Orca Gold

On January 30, 2022, Perseus Mining invested in metals/mining company Orca Gold from Resolute Mining

Investment Highlights
  • This is Perseus Mining’s 2nd transaction in the Metals/Mining sector.
  • This is Perseus Mining’s 1st transaction in Canada.
  • This is Perseus Mining’s 1st transaction in British Columbia.

Investment Summary

Date 2022-01-30
Target Orca Gold
Sector Metals/Mining
Investor(s) Perseus Mining
Sellers(s) Resolute Mining
Deal Type Stake Purchase

Target

Orca Gold

Vancouver, British Columbia, Canada
Orca Gold is engaged in exploration and development of mineral properties. Orca Gold is based in Vancouver, British Columbia.

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Investor(S) 1

Investor

Perseus Mining

Subiaco, Australia

Category Company
Founded 2003
Sector Metals/Mining
Revenue 591M AUD (2020)
DESCRIPTION

Perseus Mining is a diversified gold production, development, and exploration company. The company has a number of other projects in West Africa that it expects will provide growth opportunities through further successful exploration. It is highly motivated to and maximizes cash flow in order to improve shareholder returns while becoming West Africa’s next multi-mine gold producer. The Company has an experienced and focused board and management team with a track record of strong organic growth through exploration success. Perseus Mining was formed in 2003 and is based in Subiaco, Western Australia.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Exore Resources

West Perth, Australia

Exore Resources Ltd. is well funded with over A$15 million to continue drilling and exploration success in Cote d’Ivoire, a jurisdiction open for exploration, permitting, and mine development. Significant progress achieved <12 months of exploration towards the objective of defining a multi-million-ounce gold project with approx 75,000m drilled. Exore Resources is based in West Perth, Australia.

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Seller(S) 1

SELLER

Resolute Mining

Perth, Australia

Category Company
Founded 2001
Sector Metals/Mining
Revenue 801M EUR (2024)
DESCRIPTION

Resolute Mining is a gold miner, explorer, developer, and operator of ten gold mines that have produced more than 9 million ounces of gold and counting. Resolute currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Our Global Mineral Resource base comprises 11 million ounces of gold. Resolute Mining was formed in 2001 and is based in Perth, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Toro Gold

Guernsey, United Kingdom

Toro Gold is an exploration and development company focused on the prolific Birimian and Archean geological terranes of Africa. Presently, the most advanced projects within the portfolio are the Mako Project in Senegal and the Guilengbe Project in Guinea.

Buy $305M