London — Mayer Brown has advised Toro Gold Limited, the private gold producer, on the sale of its entire share capital to Resolute Mining Limited for c.US$300 million.

Resolute, the Australian-based gold miner, will acquire Toro for a consideration payable of US$130 million in cash and 142.5 million Resolute shares.

Toro's flagship asset, the low-cost, high-margin Mako Gold Mine located in eastern Senegal, will become Resolute's fourth mining facility.

The Mayer Brown team was led by Corporate & Securities partners Rob Hamill and Rebecca Bothamley and included: Corporate & Securities — senior associate Harriet Hainsworth, associates Priya Mistry, Katie Bunce and trainee solicitor Sarah Reder; and Employment & Benefits — consultant Andrew Stanger.