https://www.engineeringnews.co.za

Marrone-led Allied Gold heads for Toronto listing

Peter Marrone is the chairperson and CEO of Allied Gold.

Peter Marrone is the chairperson and CEO of Allied Gold.

8th September 2023

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Allied Gold, led by the former leadership of Yamana Gold, is heading for the Toronto Stock Exchange, with the gold miner set to start trading on Monday.

Allied Gold Corp and Allied Merger Corp (AMC) on Thursday completed the previously announced business combination and reserve takeover transaction, as well as concurrent financing of $267-million.

This would aid the next phase of growth for Allied Gold, from a midtier Africa-focused gold producer to a next-generation senior gold miner. Allied Gold controls three producing mines and several development projects in Africa.

AMC was formed and capitalised by the former principals of Yamana Gold – Peter Marrone, Daniel Racine, Jason LeBlanc, Gerardo Fernandez and Sofia Tsakos to finance and develop high-quality mining opportunities. Along with SummitNorth, an investor in AMC, AMC agreed to the terms of the transaction with Allied.

Allied is now led by Marrone as chairperson and CEO, Racine as president, LeBlanc as CFO, Fernandez as chief development officer and Basie Maree as COO.

The board of directors consists of Marrone, Justin Dibb as vice-chairperson, John Beardsworth, John Begeman, Racine, Pierre Chenard, Jane Sadowsky, Dino Titaro and Richard Graff.

Yamana was bought by Pan American Silver earlier this year.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Airshrink - CiP
Airshrink - CiP

At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...

VISIT SHOWROOM 
Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.046 0.904s - 140pq - 2rq
Subscribe Now