Orion Mine negotiates portfolio sale; mulls IPO for assets – report

Provided exclusively by Mergermarket

Orion Mine Finance Group, the New York-based mining-focused PE fund, is negotiating the sale of a portfolio that includes 87 mining royalty, streaming and offtake assets, a newswire reported, citing portfolio manager Douglas Silver.

According to Reuters, sources privy to the process valued the transaction at up to USD 1bn. Orion may also consider an initial public offering for the assets, the report’s sources said.

Potential suitors include Franco-Nevada Corp [TSE:FNV], Silver Wheaton Corp [NYSE:SLW], Royal Gold [NASDAQ:RGLD], Sandstorm Gold Ltd [TSE:SSL], Osisko Gold Royalties Ltd [TSE:OR] and Triple Flag, a new mining financing firm founded by former Barrick Gold [TSE:ABX] the report said.

Silver declined to value the sale, identify potential buyers or comment on the potential IPO, the item noted.

As seen in the mergermarket newsletter on 01/02/2017


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