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New Deal


Announced

Glencore to acquire an 18.75% stake in the MARA Project from Newmont and Yamana Gold for $255m.

Financials

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Transaction Value£235m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Copper

Acquisition

Private

Friendly

Pending

Single Bidder

Minority

Cross Border

Argentina

brownfield

gold & copper mining

Synopsis

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Glencore International, a mining company, agreed to acquire an 18.75% stake in the MARA Project, a brownfield project, from mining firms Newmont and Yamana Gold, for $255m. "Yamana looks forward to continuing its work with Glencore and the local stakeholders as MARA advances its permitting, engineering, social licensing and field work towards the goal of finalizing the feasibility study and the environmental and social impact assessment, which the Company expects will further increase the Project's value," Yamana Gold.

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