M&A Deal Summary

Royal Gold Acquires Ilovitza Project in Macedonia

On October 21, 2014, Royal Gold acquired metals/mining company Ilovitza Project in Macedonia from Euromax Resources for 175M USD

Acquisition Highlights
  • This is Royal Gold’s 10th transaction in the Metals/Mining sector.
  • This is Royal Gold’s 3rd largest (disclosed) transaction.
  • This is Royal Gold’s 1st transaction in Macedonia.

M&A Deal Summary

Date 2014-10-21
Target Ilovitza Project in Macedonia
Sector Metals/Mining
Buyer(s) Royal Gold
Sellers(s) Euromax Resources
Deal Type Divestiture
Deal Value 175M USD

Target

Ilovitza Project in Macedonia

Macedonia
Ilovitza Project is a copper-gold porphyry situated in the northwest-southeast striking Tertiary magmatic arc that covers large areas of Central Romania, Serbia, Macedonia, Southern Bulgaria, Northern Greece and Eastern Turkey. The project is located three kilometers from a two-lane paved road, which connects to a major highway through the village of Ilovitza.

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Buyer(S) 1

Buyer

Royal Gold

Denver, Colorado, United States

Category Company
Founded 1981
Sector Metals/Mining
Employees30
Revenue 719M USD (2024)
DESCRIPTION

Royal Gold is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests. The Company owns interests on 198 properties on six continents, including interests on 37 producing mines and 23 development stage projects. Royal Gold was founded in 1981 and is based in Denver, Colorado.


DEAL STATS #
Overall 10 of 12
Sector: Metals/Mining M&A 10 of 12
Type: Divestiture M&A Deals 9 of 9
Country: Macedonia M&A 1 of 1
Year: 2014 M&A 2 of 2
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-11 The Phoenix Gold Project

Red Lake, Ontario, Canada

The Phoenix Gold Project deposit extends 1,650 meters below surface, and remains open at depth and along strike. Gold production is projected to commence 12-14 months following the completion of the remaining financing.

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Peak Gold Project

Alaska, United States

The Peak Gold project is a relatively high-grade deposit with a large estimated resource base that is expected to commence production in 2024 as a low-cost, open-pit mine.

Sell $94M

Seller(S) 1

SELLER

Euromax Resources

Vancouver, British Columbia, Canada

Category Company
Sector Metals/Mining
DESCRIPTION

Euromax identifies, acquires and develops mineral resources in Southeastern Europe with the objective of becoming a world-class mining company in that region.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Macedonia M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1