Quebec Gold Miner PROBE GOLD INC. (TSX: PRB) Makes TSX Top Gainers List on $780 Million Acquisition News

Published on Oct 31, 2025

Quebec gold mining stock PROBE GOLD INC. (TSX: PRB) makes TSX top gainers list on $780 million Fresnillo acquisition news — traders analyzing charts in financial office

Investorideas.com (Investorideas.com Newswire) a top 100 rated investment site for retail investors following mining stocks issues a trading and news alert for PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF).

Probe Gold Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company is well-funded and dedicated to exploring and developing high-quality gold projects. Notably, it owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Québec, as well as an early-stage Detour Gold Quebec project. Probe controls a large land package of approximately 1,798-square-kilometres of exploration ground within some of the most prolific gold belts in Québec.

The stock makes the top gainers list on the TSX following acquisition news, Probe is trading at $3.6500,+1.0200 gaining 38.78% on 2.4 Million shares as of this report,

Probe announced that it has entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Fresnillo plc (the “Purchaser” or “Fresnillo”) has agreed to acquire all of the issued and outstanding common shares of Probe (the “Shares”) by way of a statutory plan of arrangement under the Business Corporations Act (Ontario).

Fresnillo plc is the world’s largest primary silver producer and Mexico’s largest gold producer, listed on the London and Mexican Stock Exchanges (FRES). The company operates eight mines and four advanced exploration projects in Mexico, with additional exploration interests in Peru and Chile. Building on a strong track record of discovering and developing successful mines, Fresnillo aims to strengthen its position as a leading global precious metals company while expanding its project pipeline beyond Mexico.

Transaction Highlights

Probe Shareholders to receive C$3.65 per Share payable in cash, for an aggregate purchase price of approximately C$780 million (the “Consideration”).

The Consideration represents a 39% premium based on the closing price of the Shares on the Toronto Stock Exchange (the “TSX”) as at October 30, 2025, and a 26% premium based on the volume-weighted average price of the Shares on the TSX over the 20 trading days ending October 30, 2025.

The board of directors of Probe (the “Board") unanimously recommends that Probe Shareholders vote in favour of the Transaction.

All directors and officers of Probe, as well as Eldorado Gold Corporation, which collectively hold approximately 12% of the Shares, have entered into voting support agreements with Fresnillo pursuant to which they have agreed to, among other things, vote in favour of the Transaction.

Subject to the various approvals required, the Transaction is expected to close in Q1 2026.

Full news:

https://ca.finance.yahoo.com/news/fresnillo-acquire-probe-gold-c-070000090.html

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