Add-on Acquisition • Metals/Mining

Primero Mining Acquires Brigus Gold

On March 5, 2014, Primero Mining acquired metals/mining company Brigus Gold from Cangold for 351M USD

Acquisition Context
  • This is Primero Mining’s 3rd transaction in the Metals/Mining sector.
  • This is Primero Mining’s 2nd largest (disclosed) transaction.
  • This is Primero Mining’s 2nd transaction in Canada.
  • This is Primero Mining’s 1st transaction in Nova Scotia.

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M&A Deal Summary

Date March 5, 2014
Target Brigus Gold
Sector Metals/Mining
Buyer(s) Primero Mining
Sellers(s) Cangold
Deal Type Add-on Acquisition
Deal Value 351M USD
Advisor(s) Cormark Securities (Financial)

Target Company

Brigus Gold

Halifax, Nova Scotia, Canada
Brigus Gold Corp. engages in the extraction, processing, and refining of gold deposits; and acquisition, exploration, and development of mineral properties principally in North America.
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Buyer Overview 1

Buyer

Primero Mining

Toronto, Ontario, Canada

Category Company
Sector Metals/Mining
Revenue 291M USD (2015)
DESCRIPTION

Primero is a Canadian-based gold mining company with operating mines in Canada and Mexico, and a strong portfolio of development-stage and exploration projects. After a year of production increases, exploration success and management renewal, company look forward to continuing to deliver disciplined growth and long-term shareholder value.


Deal Context for Buyer #
Overall 3 of 3
Sector: Metals/Mining 3 of 3
Type: Add-on Acquisition 2 of 2
State: Nova Scotia 1 of 1
Country: Canada 2 of 2
Year: 2014 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-23 Cerro Resources NL

Fortitude Valley, Australia

Cerro Resources NL is a provider of gold mining services in Australia.

Buy -

Seller Profile 1

SELLER

Cangold

Vancouver, British Columbia, Canada

Category Company
Sector Metals/Mining
DESCRIPTION

Cangold Ltd. is a mining exploration company. Cangold is engaged in the acquisition, exploration, and development of gold projects in Mexico and Canada.


Deal Context for Seller #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Add-on Acquisition 1 of 1
State: Nova Scotia 1 of 1
Country: Canada 1 of 1
Year: 2014 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Brigus Gold

Halifax, Nova Scotia, Canada

Brigus Gold Corp. engages in the extraction, processing, and refining of gold deposits; and acquisition, exploration, and development of mineral properties principally in North America.

Buy -