Yintai Resource Co., Ltd. (“Yintai Resouce”, 000975.SZ) completes its indirect acquisition of Eldorado (EGO)’s China assets (Baishan Gold Mine, Jianjianshan Gold Mine and Donglong Gold Mine) in November 2016. The deal is priced at US$ 800 million.

Eldorado is headquartered in Vancouver Canada and is one of the major gold production and prospecting companies in the world. The company is active in Brazil, China, Greece and Turkey. Eldorado is listed in New York, Toronto and Sydney, with a market capitalization of US$ 6 billion. 

Yintai Resource was listed on SZSE on June 8, 2000, and its main business is exploitation of silver, led and zinc mines, as well as sales of mining products. Yintai Resource owns the largest and best silver, lead and zinc mines in China, and an experienced technical team in geological prospecting and development. And the company has quality assets for strong financing potentials.

Jingtian & Gongcheng is the lead legal counsel of the acquirer, providing comprehensive legal services and assists the company to file for Prior Notification of Concentrations of Undertakings.