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New Deal


Announced

Completed

GCM Mining completed the acquisition of the remaining stake in Aris Gold for $234m.

Financials

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Transaction Value£194m
Consideration TypeOrdinary Shares
Capital Owned44%
Capital Bid For56%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Majority

Public

Single Bidder

gold mining

Domestic

Canada

Acquisition

Gold Mining

Completed

Synopsis

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GCM Mining, a gold production company, completed the acquisition of of the remaining stake in Aris Gold, a gold mining company, for $234m. "The combined group creates a top-in-class company with multiple tier one assets. After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building a +1m ounce producer over the next few years," Ian Telfer, Aris Gold Chair.

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