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New Deal


Announced

Orion to acquire a 50% stake in Greenstone Gold Mines Partnership from Centerra for $300m.

Financials

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Transaction Value£224m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Disposal

Cross Border

Canada

gold mining

Private

Gold Mining

Friendly

Pending

Private Equity

Synopsis

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Orion Mine Finance, an alternative investment management firm, agreed to acquire a 50% stake in Greenstone Gold Mines Partnership, which holds the Hardrock Mine Project in Ontario, from Centerra, a Canadian mining company, for $300m. Premier Gold Mines will continue to hold the remaining 50%. "Orion looks forward to being a partner in turning the Hardrock Project into Ontario’s next prominent mine. After years of successful exploration and development work, we believe the Greenstone Project has the potential to grow into a large, long-lived gold mining operation with multiple deposits," Istvan Zollei, Orion Portfolio Manager.

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