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New Deal


Announced

Completed

Orla Mining completed the acquisition of Gold Standard Ventures for $187m.

Financials

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Transaction Value£152m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium35%
One Off Charge-

Tags

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Majority

Domestic

Gold Mining

Privatisation

Public

Acquisition

Friendly

gold projects

Single Bidder

Canada

Completed

Synopsis

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Orla Mining, a mineral exploration company, completed the acquisition of Gold Standard Ventures, a gold exploration company, for $187m. "This acquisition advances our strategy of creating stakeholder value through responsibly building and operating a portfolio of high-margin, cash-generating assets with superior geological prospectivity. The South Railroad Project is analogous to our recently completed Camino Rojo mine – a low capital intensity, open pit, heap leach project in a desirable location with exploration upside. We have the team, partners, and financial resources to develop this quality asset and we are ready to go," Jason Simpson, Orla Mining CEO.

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