Great Panther Silver acquires Beadell Resources for US$105M
March 05, 2019
105.00 Million USD
On March 5, 2019, Great Panther Silver Limited announced that it has completed the acquisition of Beadell Resources Limited for US$105 million. Great Panther Silver subsequently changed its name to Great Panther Mining Limited. The new company's portfolio includes three operating mines and an advanced stage project in Latin America, and significant exploration potential.
Great Panther Silver is a primary silver mining and exploration company. Headquartered in Vancouver, its exploration properties include the Argosy project in Ontario, and the El Horcón, Santa Rosa and Plomo projects in Mexico.
Beadell Resources, based in Australia, operates the Tucano Gold Mine in Brazil. The mine is located within 2,500 square kilometers of a highly prospective and underexplored greenstone belt.
McCarthy Tétrault LLP advised the special committee of Great Panther Silver with a team led by Roger Taplin that included Robin Mahood, Bosa Kosoric and James Clinton.