EBX Targets Colombia Mine

EBX Targets Colombia Mine

Brazil Colombia M&A

Brazilian conglomerate EBX is offering to acquire Canada-based miner Ventana Gold for about CAD1.50bn or CAD12.63 per share, a 25.92% premium to its CAD10.03 close on Tuesday. EBX already holds a 20% stake in Ventana, which owns the La Bodega project in Colombia. The mine is expected to produce an annual average of 301,000 ounces of gold in the first 6 years of full production. Ventana estimates that the project will require investments of about $71m for the life of the mine and further developm

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