Fresnillo Seals CAD$780 Million Deal to Acquire Probe Gold in Strategic Move

Fresnillos acquisition of Probe Gold for CAD$780 million marks its entry into Canada, enhancing its gold exploration portfolio in Quebec.

Fresnillo plc has entered a definitive agreement to acquire Probe Gold Inc. for CAD$3.65 per share, totaling approximately CAD$780 million (US$560 million).
The offer represents a 24% premium over Probes 30-day volume weighted average trading price as of October 30 on the Toronto Stock Exchange.
This acquisition provides Fresnillo its first presence in Canada, specifically targeting the gold sector in Quebecs Val dOr region.

Por Qué Es Relevante

This strategic move by Fresnillo underscores the growing interest in gold exploration in Canada, reflecting broader trends in the mining sector as companies seek to diversify their operations and resources.