Artemis Gold agrees to buy Vista Gold in US$427 million all-share deal - VGZ News | RalliesArtemis Gold agrees to buy Vista Gold in US$427 million all-share deal
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VGZ• Deal adds Mt Todd project in Australia
- The transaction adds the Mt Todd project in Australia, with 9.1 million ounces of measured and indicated resources and 1.4 million ounces inferred.
- Closing is targeted for January 2027.
- Artemis plans to sequence Mt Todd spending after Blackwater EP2 reaches full production.
Artemis Gold agrees to acquire Vista Gold
- Artemis Gold agreed to acquire Vista Gold in an all-share deal valuing Vista at about US$427 million.
- Vista shareholders will receive 0.0966 Artemis shares per share, implying US$2.83 each, a 29% premium to the 20-day VWAP.
- There is no cash consideration and no new debt.
- Pro forma ownership is expected to be about 95% for Artemis holders and 5% for Vista holders.
