Fresnillo plc Acquires Probe Gold Inc.

January 26, 2026

Fresnillo plc completed an all-cash acquisition of Probe Gold Inc. for approximately C$780 million (C$3.65 per share), closing on 22 January 2026. The deal gives Fresnillo ownership of Probe’s Novador project in the Val d'Or district (Quebec), expanding Fresnillo’s geographic footprint and gold resource base in Canada.

Buyers
Fresnillo plc
Targets
Probe Gold Inc.
Sellers
Probe Gold shareholders (including certain directors/officers and other selling shareholders such as Eldorado Gold Corporation)
Industry
Energy
Location
Ontario, Canada
Transaction Type
Buyout

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