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Zijin to buy Guyana Goldfields for C$323M

Zijin Mining is to buy Guyana Goldfields for C$323 million after beating out an offer by SilverCorp Metals and more than tripling the original bid made for the company in April. Zijin will pay $1.85 per share in cash, a 35% implied premium to the SilverCorp cash and stock offer, which the original bidder decided not to match.

Zijin to buy Guyana Goldfields for C$323M Zijin to buy Guyana Goldfields for C$323M Zijin to buy Guyana Goldfields for C$323M Zijin to buy Guyana Goldfields for C$323M Zijin to buy Guyana Goldfields for C$323M

Aurora in Guyana

Zijin also agreed to provide Guyana Goldfields with a US$30 million secured loan facility to finance ongoing operations of the Aurora gold mine in Guyana and to fund its other liquidity needs, which