M&A Deal Summary

Sabina Acquires Dundee Precious - Back River Exploration Project

On June 9, 2009, Sabina acquired metals/mining company Dundee Precious - Back River Exploration Project from Dundee for 7M CAD

Acquisition Highlights
  • This is Sabina’s 1st transaction in the Metals/Mining sector.
  • This is Sabina’s largest (disclosed) transaction.
  • This is Sabina’s 1st transaction in Canada.

M&A Deal Summary
Date 2009-06-09
Target Dundee Precious - Back River Exploration Project
Sector Metals/Mining
Buyer(s) Sabina
Sellers(s) Dundee
Deal Type Divestiture
Deal Value 7M CAD

Target

Dundee Precious - Back River Exploration Project

Canada
Dundee Precious - Back River Exploration Project comprises gold exploration reserves and is located in Nunavut, Canada.

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Buyer(S) 1

Buyer

Sabina

Vancouver, British Columbia, Canada
Category Company
Founded 1966
Sector Metals/Mining
Employees22
DESCRIPTION

Sabina is a Canadian precious metals company on track to become a mid-tier gold producer. The Company has a portfolio of properties in Canada at different stages of development. The Company's flagship projects are currently located in Nunavut, in the Canadian North. Sabina was founded in 1966 and is based in Vancouver, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Dundee

Toronto, Ontario, Canada
Category Company
Founded 1983
Sector Metals/Mining
Employees3,876
Revenue 520M USD (2023)
DESCRIPTION

Dundee is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals. The Company's principal operating assets include the Chelopech operation, which produces a copper concentrate containing gold and silver, located east of Sofia, Bulgaria; the Kapan operation, which produces a copper concentrate and a zinc concentrate, both containing gold and silver, located in southern Armenia; and the Tsumeb smelter, a concentrate processing facility located in Namibia. Dundee was founded in 1983 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 2
Country (Canada) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 INV Metals

Toronto, Ontario, Canada

INV Metals is focused on the exploration and development of the Loma Larga gold project in Ecuador. The Company strives to achieve excellence in its technical, environmental, health, safety, and social practices and is committed to meeting or exceeding the best practices and standards for responsible and sustainable development. INV Metals was formed in 2005 and is based in Toronto, Ontario.

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