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New Deal


Announced

Completed

Newcrest Mining completed the acquisition of Pretium Resources for $2.8bn.

Financials

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Transaction Value£2,079m
Consideration TypeOrdinary Shares, Cash
Capital Owned5%
Capital Bid For95%
EV/Sales-
EV/EBITDA-
Share Price Premium23%
One Off Charge-

Tags

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Canada

Acquisition

Single Bidder

Gold Mining

Majority

Cross Border

precious metals

mining company

Public

Friendly

Completed

Synopsis

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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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