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Fresnillo PLC - gold and silver miner in Mexico, Peru and Chile - Completes acquisition of Probe Gold Inc, having received all shareholder and regulatory approvals. The deal, first announced at the end of October, sees Fresnillo pay C$770 million, about $555 million, in cash for the Toronto Stock Exchange listing. Fresnillo notes that Probe represents its entry into Canada, as Probe is the 100% owner of the Novador gold project and the early-stage Detour gold project, both in the province of Quebec. Fresnillo notes these projects add 10 million ounces to its gold resource base, with Novador alone capable of producing 200,000 ounce a year for over a decade. ‘We are excited that our first project outside of Mexico is in Canada, an outstanding mining jurisdiction with a global reputation for responsible development, and in the Val d’Or region with its proud history of mining,’ says Fresnillo Chief Executive Officer Octavio Alvidrez. Current stock price: 3,944.00 pence 12-month change: multiplied from 685.50p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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