Fortuna Silver Mines acquires Chesser Resources for $80.6 million

Fortuna Silver Mines Inc. acquired Australia-based Chesser Resources Limited for approximately $80.6 million (A$89 million). The acquisition of Chesser expands Fortuna’s presence in West Africa to include the preliminary economic assessment stage Diamba Sud Gold Project (Diamba Sud) in Senegal, one of the region's new and emerging gold discoveries. Fortuna has four operating mines in Argentina, Burkina Faso, Mexico, and Peru, and a fifth mine under construction in Côte d’Ivoire. Blake, Cassels & Graydon LLP and Allens served as Canadian and Australian legal counsel, respectively, to Fortuna. INFOR Financial Inc. acted as the financial advisor to Fortuna in connection with the transaction.

Deal Type

Merger & Acquisition

Industry

Mining

Transaction

$ 80,600,000

Deal Status

Closed

Closing Date

20 September 2023