Fresnillo to Acquire Probe Gold in C$780 Million Cash Deal

On October 31, 2025, Fresnillo plc, one of the world’s top silver and gold producers, made a bold move. The company announced its plan to buy Probe Gold Inc. in an all-cash deal worth C$780 million. This marks Fresnillo’s first major step into Canada’s gold mining sector. The deal gives Fresnillo access to Probe Gold’s promising Novador Project in Quebec, a region rich in untapped gold resources.