Fresnillo to acquire Probe Gold for CAD780m.

Fresnillo, a primary silver producer, agreed to acquire Probe Gold, a Canadian exploration company, for CAD780m. "We are delighted to announce the acquisition of Probe Gold, a company that fits our pursuit of high-quality exploration projects. This acquisition is consistent with our disciplined approach to M&A we have consistently set out over time. It 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 carried out extensive due diligence to determine the attractiveness of this investment to both minimise risk and ensure the acquisition has the potential to add considerable longer term value for our shareholders," Octavio Alvídrez, Fresnillo CEO.