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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