M&A Deal Summary

Zijin Mining Group Acquires Guyana Goldfields

On June 15, 2020, Zijin Mining Group acquired metals/mining company Guyana Goldfields for 323M CAD

Acquisition Highlights
  • This is Zijin Mining Group’s 3rd transaction in the Metals/Mining sector.
  • This is Zijin Mining Group’s 0th largest (disclosed) transaction.
  • This is Zijin Mining Group’s 2nd transaction in Canada.
  • This is Zijin Mining Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-06-15
Target Guyana Goldfields
Sector Metals/Mining
Buyer(s) Zijin Mining Group
Deal Type Add-on Acquisition
Deal Value 323M CAD

Target

Guyana Goldfields

Toronto, Ontario, Canada
website
Guyana Goldfields Inc. is a mid-tier gold producer primarily focused on the exploration, development, and operation of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana, and northern Brazil. Guyana Goldfields was incorporated in 1994 and is headquartered in Toronto, Canada.

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Buyer(S) 1

Buyer

Zijin Mining Group

Fujian, China

website

Category Company
Founded 1986
Sector Metals/Mining
Employees18,072
Revenue 106.0B CNY (2018)
DESCRIPTION

Zijin Mining Group Co. Ltd. is a global mining company specializing in gold, copper, zinc and other mineral resource exploration and development. It manages an extensive portfolio, primarily consisting of gold, copper, zinc, and other metals through investments in China and overseas across nine countries.

DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Tibet Julong Copper

Tibet, China

Tibet Julong Copper Co., Ltd. is an operator of the Qulong mine, one of China's biggest copper deposits, and the Zhibula mine. It mainly engages in prospecting, development, construction, production, and sales of the Qulong Copper and Polymetallic Mine in Maizhokunggar County, Lhasa City, Tibet. The mine is notable for many reasons not least that the mining takes place at 5,300 m plus, bringing major challenges for the workers and the equipment.

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