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Announced

Fortuna Silver Mines to acquire Chesser Resources for $60m.

Financials

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Transaction Value£47m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Majority

Single Bidder

Acquisition

Pending

Public

Australia

General Mining

Friendly

Cross Border

exploration

Synopsis

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Fortuna Silver Mines, a precious metals mining company, agreed to acquire Chesser Resources, an exploration company, exploring for gold and base metals in Turkey, for $60m. “In a short time, Chesser has done a great job advancing Diamba Sud from early-stage exploration to a PEA-stage project with multiple targets yet to be tested. Within the larger and diversified Fortuna portfolio, the advancement of Diamba Sud will benefit from our technical and operational strength and lower cost of capital," Jorge A. Ganoza, Fortuna President & CEO.

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