Konsolidierung im Junior-Goldminen-Sektor geht weiter: Centerra Gold übernimmt Thompson Creek Metals für 1,1 Mrd. USD

Der ehemalige Highflyer Thompson Creek Metals (T.TCM) wird von Goldproduzent Centerra Gold (T.CG) übernommen. Der freundliche Übernahme-Deal bzw. Merger hat einen Wert von über 1 Mrd. USD, wobei der Großteil dabei auf die Übernahme der enormen Schuldenlast zurückzuführen ist. Der Deal ist ebenfalls positiv für Streamer Royal Gold (RGLD), der jetzt eine höhere Cashflow-Sicherheit bei dem Stream für die Kupfer- und Goldmine Mount Milligan Mine in B.C. erhalten wird..

Centerra Gold merges with Thompson Creek Metals in debt-focused deal

Thompson Creek Metals (TSX:TCM) will soon start operating its Mount Milligan copper-gold mine in British Columbia under a new name.

The American company on Tuesday was bought out by Toronto-based Centerra Gold (TSX:CG), whose ongoing dispute with Kyrgyzstan has provided a steady diet of mining headlines over the past few years. In June the disagreement took an ominous turn with authorities opening a criminal probe against managers at the firm’s giant Kumtor gold mine in the central Asian nation.

It seems pretty clear that Centerra's decision to combine with Thompson Creek Metals was a bet on a safe mining jurisdiction: Canada. Along with Kumtor, Centerra also owns a mine in Mongolia- hardly a guarantor of financial certainty, as Turquoise Hill's complicated relations with the Mongolian government over Oyu Tolgoi's expansion will attest.

On Tuesday Centerra agreed to buy the Colorado-based miner and its nearly US$900 million in debt. The $1.1 billion deal will allow Thompson Creek's creditors to be paid. Centerra will also raise $170-million through a bought-deal financing. When the merger completes in the fall, Centerra shareholders will own 92 percent of the two companies, with eight percent owned by Thompson Creek's stockholders..

Link: http://www.mining.com/centerra-merges-thompson-creek-metals-debt-focused-deal/

Quelle: stockcharts.com