Kinross Gold Corporation

Kinross in its agreement with N-Mining Limited to acquire Chulbatkan for US$283 million

Client

Kinross Gold Corporation

Value

US$283 million

Service

Mergers and Acquisitions

Date Closed

Industry

Mining

Lead Office

Toronto


 

On July 31, 2019, Kinross Gold Corporation announced its agreement with N-Mining Limited to acquire Chulbatkan for total fixed consideration of US$283 million, including US$113 million in cash and US$170 million in Kinross shares. The transaction will leverage operating expertise and build on their existing regional platform.

Chulbatkan, located in Khabarovsk Krai, Russia, is a high-grade, open-pit, heap leach project that is expected to be a high-return operation with a low strip ratio, attractive costs, significant upside potential and low relative execution risk.

Kinross Gold Corporation is a senior gold mining company with a diverse portfolio of mining projects across the world.

Osler, Hoskin & Harcourt LLP advised Kinross by providing securities advice with a team consisting of James Brown and Jason Comerford (Corporate).


Team
James R. Brown | Mining lawyer
Key Contact

James R. Brown

Partner, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate