White Tiger Gold swallows Century Mining Corp for C$743 million

Canadian gold miner White Tiger Gold Inc. has offered 0.40 of its share for each Century Mining share. The offer values Century at about C$1.82 a share — more than three times the stock’s Friday closing, according to Reuters:

White Tiger’s operations are mainly in Russia, including the Savkino and the Nasedkino project, while Century Mining’s primary asset is the Lamaque gold mine in Quebec.

The boards of both companies support the deal and White Tiger shareholders will own about 39 percent of the company.

Comments

  • {{ commodity.name }}

    Contest Ranking Modal BG Contest Ranking Modal BG
    Contest Ranking Title

    The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

    Vote Now