M&A Deal Summary

Thompson Creek Metals Acquires Terrane Metals

On October 20, 2010, Thompson Creek Metals acquired metals/mining company Terrane Metals from Goldcorp for 241M CAD

Acquisition Highlights
  • This is Thompson Creek Metals’ 1st transaction in the Metals/Mining sector.
  • This is Thompson Creek Metals’ 0th largest (disclosed) transaction.
  • This is Thompson Creek Metals’ 1st transaction in Canada.
  • This is Thompson Creek Metals’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2010-10-20
Target Terrane Metals
Sector Metals/Mining
Buyer(s) Thompson Creek Metals
Sellers(s) Goldcorp
Deal Type Divestiture
Deal Value 241M CAD

Target

Terrane Metals

Vancouver, British Columbia, Canada
Terrane Metals Corp. holds interests in the Mt. Milligan copper-gold project located in north-central British Columbia; and the Berg copper-molybdenum-silver project located in central British Columbia.

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Buyer(S) 1

Buyer

Thompson Creek Metals

Littleton, Colorado, United States
Category Company
Founded 1983
Sector Metals/Mining
Revenue 806M USD (2014)
DESCRIPTION

Thompson Creek Metals Co., Inc. is a mining company. The Company's diversified reserves include copper, gold, and molybdenum. Thompson Creek Metals was founded in 1983 and is based in Littleton, Colorado.

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 (2010) 1 of 1
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.

Sell $312M

Seller(S) 1

SELLER

Goldcorp

Vancouver, British Columbia, Canada
Category Company
Founded 1954
Sector Metals/Mining
Employees9,290
Revenue 3.4B USD (2017)
DESCRIPTION

Goldcorp, Inc. is a gold producer, with operations and development projects in America. Goldcorp Inc. was founded in 1954 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 6 of 9
Sector (Metals/Mining) 6 of 9
Type (Divestiture) 4 of 7
State (British Columbia) 3 of 5
Country (Canada) 3 of 5
Year (2010) 3 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 Goldcorp - San Dimas Mine

Vancouver, British Columbia, Canada

Goldcorp, Inc. - San Dimas Mine is a producer of 113,000 ounces of gold and 5.1 million ounces of silver.

Sell $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 Andean Resources

Sydney, Australia

Andean Resources Ltd. is a mineral resource company that acquires, explores, and develops precious metals properties.

Buy -
Mergr

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