Fresnillo plc Acquires Probe Gold Inc.

January 22, 2026

Fresnillo plc, through its wholly-owned affiliate Fresnillo Quebec Acquisition Inc., has completed the acquisition of Probe Gold Inc. for C$3.65 per share (approximately CA$770 million). The deal takes Probe private, will lead to delisting from the TSX, and gives Fresnillo entry into Canada with Probe's Novador project and a ~10Moz gold resource base and a 1,798 km² exploration land package in Quebec.

Buyers
Fresnillo plc, Fresnillo Quebec Acquisition Inc.
Targets
Probe Gold Inc.
Location
Quebec, Canada
Transaction Type
Buyout

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