Eldorado to acquire QMX Gold for $104m.

Eldorado, a gold and base metals producer, agreed to acquire QMX Gold, a Canadian based resource company, for $104m. The companies are working towards closing the transaction in late March / early April 2021. “This transaction expands our position in the Abitibi camp and is consistent with our strategy of pursuing growth at Lamaque in Quebec, a high-quality jurisdiction. QMX’s highly prospective land package is ideally located immediately adjacent to our current Lamaque operation and associated exploration projects in the heart of the Val d’Or gold district. Eldorado’s growing financial flexibility will enable us to continue to identify and secure opportunities for prudent growth within our operating footprint,” George Burns, Eldorado President and Chief Executive Officer.