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New Deal


Announced

Completed

Kinross completed the acquisition of Great Bear Resources for $1.45bn.

Financials

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Transaction Value£1,093m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gold exploration

Single Bidder

Canada

Public

Majority

Acquisition

Gold Mining

Domestic

Friendly

Privatisation

Completed

Synopsis

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Kinross, a firm involved in the exploration, development, and production of gold, completed the acquisition of Great Bear Resources, a well-financed gold exploration company, for $1.45bn. "After their exciting and rewarding journey from acquisition through discovery, our shareholders and local stakeholders are now well positioned to benefit from Kinross' development and operational expertise. We look forward to following Kinross' progress as they advance one of Canada's best new gold discoveries towards what we believe will be one of Canada's best new gold mines," Chris Taylor, Great Bear President and CEO.

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