M&A Deal Summary

Yintai Gold Acquires White Mountain & Tanjianshan Mines & Eastern Dragon Development Project

On May 16, 2016, Yintai Gold acquired metals/mining company White Mountain & Tanjianshan Mines & Eastern Dragon Development Project from Eldorado Gold for 600M USD

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

M&A Deal Summary

Date 2016-05-16
Target White Mountain & Tanjianshan Mines & Eastern Dragon Development Project
Sector Metals/Mining
Buyer(s) Yintai Gold
Sellers(s) Eldorado Gold
Deal Type Divestiture
Deal Value 600M USD

Target

White Mountain & Tanjianshan Mines & Eastern Dragon Development Project

China
White Mountain & Tanjianshan Mines & Eastern Dragon Development Project engages in the mining, development and exploration.

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Buyer(S) 1

Buyer

Yintai Gold

Beijing, China

website


Category Company
Founded 1999
Sector Metals/Mining
Employees1,670
Revenue 8.4B CNY (2022)
DESCRIPTION

Yintai Gold is engaged primarily in nonferrous metals mining and controls the polymetallic Huaaobaote mine in Inner Mongolia. Yintai Gold was founded in 1999 and is based in Beijing, China.


DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-25 Osino

Vancouver, British Columbia, Canada

Osino is a Canadian gold exploration and development company focused on the fast-tracked development of its wholly-owned, Twin Hills Gold Project in central Namibia. Since its grassroots discovery in August 2019, Osino has completed more than 225,000 meters of drilling and has completed a suite of specialist technical studies culminating in the recently published Twin Hills FS. The FS describes a technically simple and economically robust open-pit gold operation with a 13-year mine life and average annual gold production of over 169koz per annum. Osino is based in Vancouver, British Columbia.

Buy CA$368M

Seller(S) 1

SELLER

Eldorado Gold

Vancouver, British Columbia, Canada

website


Category Company
Founded 1992
Sector Metals/Mining
Employees4,600
Revenue 941M USD (2021)
DESCRIPTION

Eldorado Gold is a gold mining company owns and operates seven mines and is developing a number of projects. Eldorado Gold was founded in 1992 and is based in Vancouver, Canada.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 1 of 1
Country (China) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 Jinfeng mine

Guizhou Province, China

Jinfeng is an open pit and underground gold mine located in China’s southern Guizhou Province. In 2016 Jinfeng is expected to process 930,000 tonnes of ore at a grade of 3.89 grams per tonne gold.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Integra Gold

Vancouver, British Columbia, Canada

Integra Gold Corp. is a gold producer with mining, development and exploration operations. Integra Gold is based in Vancouver, British Columbia.

Buy CA$590M