Waterton Global Resource Management, a Toronto-based private equity firm focused on investments in the precious metals sector, has won its bid for the Hollister gold mine and the Esmeralda Mill in Nevada. The acquired assets, purchased through a court-supervised auction, were formerly owned by Great Basin Gold Ltd. Waterton’s competitors for the Nevada assets were primarily traditional mining companies. The transaction is expected to be completed on May 17, 2013.
April 30, 2013
Waterton Global Announces Successful Bid for Hollister Gold Mine and Esmeralda Mill in Nevada
TORONTO (BUSINESSWIRE) Waterton Global Resource Management, Inc.,(“Waterton Global”) in response to numerous media inquiries, announces that it was the successful bidder for the Hollister gold mine and the Esmeralda Mill in Nevada. The assets were purchased through a court-supervised auction of assets formerly controlled and operated by certain subsidiaries of Great Basin Gold Limited. The finalization of the purchase of these assets remains subject to customary closing conditions.
Waterton Global is pleased with the outcome of the auction which, subject to completion, will add an additional high-quality gold mining project to its portfolio of North American operations. The transaction is expected to close on May 17, 2013; until that time Waterton Global will not be able to comment further.
Waterton Global Resource Management invests in producing and late-stage development assets in politically stable geographies, through joint ventures, partnerships and acquisitions. Waterton Global has assembled a multi-disciplinary technical team with extensive expertise evaluating, developing and operating precious metals mining projects throughout the world.
Waterton Global Resources:
Cheryl Brandon, Investment Management
Bayfield Strategy, Inc.
Photo courtesy of Shutterstock.
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