Fresnillo Moves to Acquire Probe Gold in $780 Million Deal

Fresnillo has agreed to acquire Probe Gold for $780 million, marking a significant expansion in the mining sector focused on Canadian assets and operations in Mexico.

• On October 31, 2025, Probe Gold Inc. announced a definitive agreement for Fresnillo to acquire all issued common shares for $780 million under a statutory plan of arrangement.
• The acquisition, which will be executed under the Business Corporations Act (Ontario), is poised to enhance Fresnillos presence in the Canadian mining market.
• Fresnillo, a major player in global mining, aims to leverage Probes assets to strengthen its operational base in Mexico and improve its overall market share.