Announced
Completed
Financials
Tags
Canada
Acquisition
Single Bidder
Gold Mining
Majority
Cross Border
precious metals
mining company
Public
Friendly
Completed
Synopsis
Newcrest Mining, an Australian-based corporation which engages in the exploration, development, mining and sale of gold and gold-copper concentrate, completed the acquisition of Pretium Resources, an intermediate gold producer, for $2.8bn. "The acquisition of Pretivm by Newcrest is an outstanding opportunity for the Company and its shareholders, employees, First Nations partners and the local communities in northwest British Columbia. The Transaction delivers an immediate and compelling premium for Pretivm shareholders that reflects the excellent work of our employees and contractors in developing and operating the Brucejack gold mine, while also offering an opportunity to benefit from potential upside as Newcrest shareholders," Jacques Perron, Pretium President and CEO.
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