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Divestiture • Metals/Mining

Seabridge Gold Acquires Golden Predator Mining - 3 Aces Gold Project

On March 30, 2020, Seabridge Gold acquired metals/mining company Golden Predator Mining - 3 Aces Gold Project from Golden Predator

Acquisition Context
  • This is Seabridge Gold’s 2nd transaction in the Metals/Mining sector.
  • This is Seabridge Gold’s 2nd transaction in Canada.
  • This is Seabridge Gold’s 1st transaction in Yukon Territory.

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M&A Deal Summary
Date March 30, 2020
Target Golden Predator Mining - 3 Aces Gold Project
Sector Metals/Mining
Buyer(s) Seabridge Gold
Sellers(s) Golden Predator
Deal Type Divestiture

Target Company

Golden Predator Mining - 3 Aces Gold Project

Yukon Territory, Canada
Golden Predator Mining Corp.'s 3 Aces Gold Project is a district scale, an orogenic-gold project consisting of 1,734 claims covering 357 km² (35,700 ha) located in a readily accessible part of southeastern Yukon (see map). The target concept for this project is consistent with some of the biggest and richest gold deposits in the world, including the California Mother Lode Belt, Juneau Gold Belt, Murentau in Uzbekistan and Obuasi in Ghana.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 2 of 2
Sector: Metals/Mining 2 of 2
Type: Divestiture 1 of 1
State: Yukon Territory 1 of 1
Country: Canada 2 of 2
Year: 2020 1 of 1
PREVIOUS 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

Seller Profile 1

SELLER

Golden Predator

Vancouver, British Columbia, Canada
Category Company
Founded 2008
Sector Metals/Mining
Employees18
DESCRIPTION

Golden Predator is a Canadian gold mineral exploration company. Golden Predator was founded in 2008 and is based in Vancouver, British Columbia.

Deal Context for Seller #
Overall 2 of 2
Sector: Metals/Mining 2 of 2
Type: Divestiture 2 of 2
State: Yukon Territory 1 of 1
Country: Canada 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-17 The Afgan-Kobeh Project

Eureka County, Nevada, United States

The Afgan-Kobeh project, comprising an indicated gold resource of 50,000 ounces (1.85 million tons at an average grade of 0.027 oz Au/ton (0.926 g Au/t)) and an inferred gold resource of 34,000 approximately 2,180 acres and consists of 109 unpatented claims.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 Group 11 Technologies

Fort Collins, Colorado, United States

Group 11 Technologies, Inc. is a provider of testing and implementing non-invasive in-situ recovery (ISR) of precious metals. Group 11 Technologies is based in Fort Collins, Colorado.

Buy -

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