M&A Deal Summary |
|
|---|---|
| Date | 2020-02-13 |
| Target | Barrick Gold - Massawa Gold Project |
| Sector | Metals/Mining |
| Buyer(s) | Teranga Gold |
| Sellers(s) | Barrick |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2010 |
| Sector | Metals/Mining |
| Employees | 2,300 |
| Revenue | 353M USD (2019) |
Teranga Gold Corp. is a canadian-based gold company acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, along with shares held in Oromin Explorations Ltd. (“Oromin”) from Mineral Deposits Limited (“MDL”), collectively referred to as the Sabodala Gold Assets. Teranga Gold was founded in 2010 and is based in Toronto, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Metals/Mining M&A | 3 of 3 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Senegal M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-19 |
Gryphon Minerals
Subiaco, Australia Gryphon Minerals Ltd. is an Australian company committed to becoming a significant West African gold producer with an immediate focus on advancing its 100%-owned Banfora Gold Project in Burkina Faso, as well as a pipeline of new and exciting projects in West Africa. The Banfora Gold Project (“Banfora” or “the Project”) is located in the south-west of Burkina Faso, West Africa. Burkina Faso is one of the largest gold producers in Africa and is located on some of the world’s most prolific greenstone belts (accounting for 22% of West Africa’s greenstone belt exposure). The country is already host to a number of producing mines and this is anticipated to increase given the prospectivity and strong Government support for the mining industry. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Metals/Mining |
| Revenue | 12.9B USD (2024) |
Barrick operates mines and advanced exploration and development projects on five continents, and holds large land positions on some of the most prolific and prospective mineral trends. Barrick was incorporated in 1983 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 10 |
| Sector: Metals/Mining M&A | 5 of 9 |
| Type: Divestiture M&A Deals | 6 of 9 |
| Country: Senegal M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-24 |
Randgold Resources
St. Helier, United Kingdom Randgold Resources Ltd. is a gold mining company. Randgold has built 5 mines – all but one developed on deposits discovered by its own geologists, while the reserves of the fifth, Kibali, were more than doubled by the Randgold exploration team after its acquisition. |
Buy | $6.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-06 |
Eskay Creek Gold-Silver Project
British Columbia, Canada Eskay Creek Gold-Silver Project is a rich gold and silver mining area in the Unuk and Iskut River region on north coastal mountains of British Columbia. |
Sell | - |
