A New Frontier for Fresnillo
Fresnillo currently operates eight mines and four advanced exploration projects in Mexico, with additional exploration interests in Peru and Chile. This acquisition will mark its first expansion into the Canadian market, solidifying its status as a global mining powerhouse.
The deal, expected to close by March, still requires court approval and a two-thirds majority vote from Probe shareholders. If approved, it will also include a CA$31 million break fee payable under certain undisclosed conditions.
As the mining world watches closely, Fresnillo’s move signals not just an acquisition — but a strategic leap into one of the safest and richest gold territories on Earth, setting the stage for a new era in the company’s global growth ambitions.
