M&A Deal Summary

Royal Gold Acquires Kerr-Sulphurets-Mitchell project

On June 17, 2011, Royal Gold acquired metals/mining company Kerr-Sulphurets-Mitchell project from Seabridge Gold for 30M CAD

Acquisition Highlights
  • This is Royal Gold’s 5th transaction in the Metals/Mining sector.
  • This is Royal Gold’s 9th largest (disclosed) transaction.
  • This is Royal Gold’s 1st transaction in Canada.
  • This is Royal Gold’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-06-17
Target Kerr-Sulphurets-Mitchell project
Sector Metals/Mining
Buyer(s) Royal Gold
Sellers(s) Seabridge Gold
Deal Type Divestiture
Deal Value 30M CAD

Target

Kerr-Sulphurets-Mitchell project

British Columbia, Canada
Kerr-Sulphurets-Mitchell project deposit has proven and probable reserves of 2.2 billion tonnes at an average grade of 0.55 grams per tonne of gold (38.5 million ounces), 0.21% copper (10 billion pounds), and 3.04 grams per tonne silver (214 million ounces).

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Buyer(S) 1

Buyer

Royal Gold

Denver, Colorado, United States
Category Company
Founded 1981
Sector Metals/Mining
Employees30
Revenue 606M USD (2023)
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 5 of 10
Sector (Metals/Mining) 5 of 10
Type (Divestiture) 5 of 9
State (British Columbia) 1 of 2
Country (Canada) 1 of 3
Year (2011) 1 of 2
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-20 Mt. Milligan project

United States

The Mt. Milligan project proven and probable reserves total 482 million tonnes (0.20% copper; 0.39 g/t gold), containing 2.1 billion pounds of copper and 6.0 million ounces of gold.

Buy $312M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 Tulsequah Chief Project

British Columbia, Canada

The Tulsequah Chief project is a high grade polymetallic deposit located in northwestern British Columbia, approximately 40 miles northeast of Juneau, Alaska.Chieftain has reported mineralization consisting of indicated resources totaling 6.0 million tonnes (2.63 g/t gold; 96.0 g/t silver), containing 0.5 million ounces of gold and 18.6 million ounces of silver.

Buy $60M

Seller(S) 1

SELLER

Seabridge Gold

Toronto, Ontario, Canada
Category Company
Founded 1979
Sector Metals/Mining
Revenue 17M CAD (2023)
DESCRIPTION

Seabridge Gold holds a 100% interest in several North American gold projects. The company's principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. Seabridge Gold was founded in 1979 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 SnipGold

Vancouver, British Columbia, Canada

SnipGold Corp. is an exploration company focused on exploration in the golden triangle area of northwestern B.C. SnipGold's primary asset is a contiguous block of ground in excess of 286 sq km in size which has been consolidated through a series of transactions that began in 2005.

Buy CA$10M
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