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Announced

Completed

Sandstorm Gold completed the acquisition of Mariana Resources for £149m.

Financials

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Transaction Value£138m
Consideration TypeCash, Ordinary Shares
Capital Owned7%
Capital Bid For93%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Gold Mining

projects

copper

silver

gold

United Kingdom

Public

Scheme

Completed

Friendly

Single Bidder

Acquisition

Majority

Synopsis

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Sandstorm Gold completed the acquisition of Mariana Resources, a mineral exploration and development company, for £149m. Acquisition of Mariana includes exploration properties in Côte d’Ivoire, Turkey, and Argentina. Sandstorm has begun the process to spin-out the exploration properties into a separate public company and will retain net smelter return royalties as well as equity in the spin-out.

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