M&A Deal Summary

Titan Minerals Acquires Core Gold

On February 24, 2019, Titan Minerals acquired metals/mining company Core Gold for 72M CAD

Acquisition Highlights
  • This is Titan Minerals’ 1st transaction in the Metals/Mining sector.
  • This is Titan Minerals’ largest (disclosed) transaction.
  • This is Titan Minerals’ 1st transaction in Canada.
  • This is Titan Minerals’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-02-24
Target Core Gold
Sector Metals/Mining
Buyer(s) Titan Minerals
Deal Type Merger
Deal Value 72M CAD
Advisor(s) Stikeman Elliott (Legal)

Target

Core Gold

Vancouver, British Columbia, Canada
Core Gold, Inc. is a Canadian-based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The Company is currently focused on its wholly-owned Dynasty Goldfield project. Mineral from Dynasty Goldfield is treated at Core Gold’s wholly-owned Portovelo treatment plant close to the town of Zaruma. Core Gold also owns other significant gold exploration projects including the Linderos and Copper Duke projects in southern Ecuador, all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.

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Buyer(S) 1

Buyer

Titan Minerals

Perth, Australia
Category Company
Sector Metals/Mining
DESCRIPTION

Titan Minerals Ltd. is the owner and operator of a copper and gold business in a well-established mining region of Southern Peru. Titan is currently commissioning the Vista gold plant in Southern Peru. A centralised processing produces loaded carbon from the Carbon-in-Pulp gold circuit, with feed sourced from third party operators previously averaging 17 to 24 g/t Au head grades.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Merger) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal