Announced
Financials
Tags
Acquisition
Single Bidder
Disposal
Cross Border
Canada
gold mining
Private
Gold Mining
Friendly
Pending
Private Equity
Synopsis
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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