Skeena Resources Acquires QuestEx Gold & Copper; Sells Select QuestEx Properties to Newmont

March 30, 2022

Skeena Resources Limited agreed to acquire all issued and outstanding shares of QuestEx Gold & Copper Ltd. for approximately C$48.6 million in combined cash and Skeena shares. Concurrently, Skeena will sell certain QuestEx properties (Heart Peaks, Castle, Moat, Coyote and North ROK) to Newmont Corporation for ~C$27 million; the transactions expand Skeena’s land position in British Columbia’s Golden Triangle and are subject to shareholder and regulatory approvals.

Buyers
Skeena Resources Limited, Newmont Corporation
Targets
QuestEx Gold & Copper Ltd.
Sellers
QuestEx Gold & Copper Ltd. (selling shareholders), Skeena Resources Limited (seller of select QuestEx assets to Newmont)
Industry
Energy
Location
British Columbia, Canada
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.