Announced

Completed

Fresnillo completed the acquisition of Probe Gold for CAD780m.

Synopsis

Fresnillo, a primary silver producer, completed the acquisition of Probe Gold, a Canadian exploration company, for CAD780m. "We are delighted to complete the acquisition of Probe. As we announced previously, this acquisition is consistent with our disciplined approach to M&A and meets our strict criteria of having a sizeable resource base with upside optionality in a region with mining history, skilled personnel, and existing infrastructure. We are excited that our first project outside of Mexico is in Canada, an outstanding mining jurisdiction with a global reputation for responsible development, and in the Val d'Or region with its proud history of mining. We look forward to ongoing engagement with all stakeholders to ensure shared value creation and success at Novador and our other early-stage exploration projects," Octavio Alvídrez, Fresnillo Chief Executive Officer.

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