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Mayer Brown advises Toro Gold on sale of share capital to Resolute Mining

Published by , Assistant Editor
Global Mining Review,

Mayer Brown has advised Toro Gold Limited, the private gold producer, on the sale of its entire share capital to Resolute Mining Ltd for approximately US$300 million. 

Resolute, the Australian-based gold miner, will acquire Toro for a consideration payable of US$130 million in cash and 142.5 million Resolute shares. 

Toro's flagship asset, the low-cost, high-margin Mako gold mine located in eastern Senegal, will become Resolute's fourth mining facility.


The Mayer Brown team was led by Corporate & Securities partners Rob Hamill and Rebecca Bothamley and included: Corporate & Securities – senior associate Harriet Hainsworth, associates Priya Mistry, Katie Bunce and trainee solicitor Sarah Reder; and Employment & Benefits – Consultant Andrew Stanger.   

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