Biggest B.C. mining mergers and acquisitions of 2021

 

Ranked by dollar value of the deal in CAD

Published March 21, 202. Sources: Interviews with companies, agents and advisers below, and BIV research. For a deal to be included on this list, with the acquiring or target company must have headquarters in B.C. Foreign currency has been converted using Bank of Canada's closing rate on date of deal announcement. NP = Not provided

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Rank'20 Acquiring company Target company Deal announced/Deal closed Description of the deal Primary financial/accounting firms and underwriters Primary law firms Deal value in CAD
1

Capstone Mining
TSX:CS

Mantos Copper

NP
November 30, 2021

Capstone Mining and Mantos Copper combine with Mantos to be renamed Capstone Copper. Upon completion of the Transaction, former Capstone and Mantos shareholders will collectively own 60.75% and 39.25% of Capstone Copper, respectively, on a fully-diluted share basis

NP

Blake, Cassels & Graydon LLP

$4.3 billion (1)

2

Fortuna Silver Mines Inc
fortunasilver.com
TSX: FVI, NYSX:FSM

Roxgold Inc
TSE:ROXG

April 26, 2021
July 2, 2021

Business combination between Fortuna and Roxgold to create a global premier growth-oriented intermediate gold and silver producer. Fortuna acquired all the issued and outstanding common shares (Roxgold Shares) of Roxgold in exchange for 0.283 of a common share of Fortuna and C$0.001 in cash for each Roxgold Share held. Upon completion of the Transaction, Roxgold is a wholly-owned subsidiary of Fortuna

NP

Blake, Cassels & Graydon LLP

$1.1 billion

3

Equinox Gold Corp
www.equinoxgold.com
TSX:EQX, NYSX:EQX

Premier Gold Mines Ltd
TSX:PG

December 16, 2020
April 7, 2021

Acquisition of Premier Gold Mines Ltd. by Equinox Gold Corp

NP

Blake, Cassels, & Graydon LLP

$700 million

4

Corvus Gold Inc
TSX: KOR NASDAQ: KOR

July 13, 2021
September 14, 2021

AngloGold Ashanti Limited acquired the remaining 80.5% of common shares of Corvus not already owned by AGA at a price of $4.10 per common share in cash. Outstanding options will be cashed out based on the in the money amount. The transaction implies a total equity value for all outstanding Corvus common shares and outstanding options of approximately C$570 million

NP

Cassels Brock & Blackwell LLP, Blake, Cassels & Graydon LLP

$463.8 million

5

Newmont Corp
NYSE:NEM

GT Gold Corp
TSXV: GTT

May 10, 2021
May 17, 2021

Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own for C$3.25 per share in cash. The total equity value pursuant to the Transaction is approximately C$456 million on a fully diluted basis

BMO Capital Markets & Maxit Capital LP, Agentis Capital Mining Partners

NP

$456 million

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