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New Deal


Announced

Zijin Mining to acquire Guyana Goldfields for $238m.

Financials

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Transaction Value£174m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.3x
EV/EBITDA-
Share Price Premium35%
One Off Charge-

Tags

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Gold Mining

gold miner

Canada

Friendly

Single Bidder

Majority

Pending

Acquisition

Public

Cross Border

Synopsis

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Zijin Mining, a Chinese gold, copper and non-ferrous metals producer and refiner, agreed to acquire Guyana Goldfields, a gold mining company for $238m. "The all-cash offer from Zijin represents a significant premium to the amended Silvercorp offer price and is an excellent outcome for Guyana Goldfield's shareholders. Zijin is a highly regarded mining company with an impressive track record of successful international acquisitions and operations. We look forward to working with Zijin over the coming weeks to close this transaction and transition to the new team," Alan Pangbourne, Guyana Goldfields President and CEO.

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