Mining & Natural Resources – Mergers and Acquisitions

M&A activity in the mining and natural resources sector continued during the pandemic, thanks to gold and other commodities seeing increases in price. With buyers armed with more cash and with sellers seeing their company valuations rise, all types of companies have been in play. With demand to improve efficiencies, generate more revenues from assets and find new mines to expand into, the transactions will most likely continue.

The mining sector has historically experienced challenges with valuations and effectively integrating acquisitions into their operations.  Sellers often have to deal with price disputes and warranty and indemnity claims. Ultimately, both sides seek to have deals run more efficiently and result in more effective integrations.

Our Mining Group, which has worked on countless M&A transactions over the years, helps clients better understand the risks that a transaction could pose and we factor those issues into negotiations and pricing. We’ve worked with many of the world’s leading mining companies to negotiate more efficient pricing, improve sale and purchase agreements, and achieve faster integration and better corporate governance.

As this industry continues to consolidate, it’s important to work with a law firm that has the industry knowledge and M&A expertise to help you take advantage of all the opportunities in this sector.

Recent experience

Battle North Gold Corporation

Battle North Gold Corporation in its acquisition by Evolution Mining Limited for approximately $343 million. The transaction was effected by way of statutory plan of arrangement under the Business Corporations Act (British Columbia).

Learn more about our work with Battle North Gold Corporation
A gold mine during the day

Rio Tinto Exploration

Rio Tinto Exploration in its option and strategic alliance agreements with Calibre Mining Corp. valued at US$45 million. Rio Tinto entered into a definitive option agreement to earn up to a 75% Interest in Calibre’s Borosi properties in exchange for Rio Tinto incurring expenditures of up to US$45M.

Learn more about our work with Rio Tinto Exploration
Red front end loader loading material into a truck at a quarry

Maverix Metals Inc.

Maverix Metals Inc. in the US$74 million acquisition of the royalty portfolio of Kinross Gold Corporation. The acquisition grants Maverix Metals Inc. twenty-five precious metals royalties along with interests in multiple early stage development and exploration projects.

Learn more about our work with Maverix Metals Inc.
A dump truck at a mine

Dominion Diamond Corporation

Lenders and underwriters in the acquisition of Dominion Diamond Corporation by Washington Companies Corp. Washington financed the acquisition in part with the proceeds of a US$550 million senior note offering and partly with the proceeds of a US$200 million senior secured credit facility. 

Learn more about our work in Dominion Diamond’s acquisition
Jeweler holding a diamond in tweezers and inspecting it with more diamonds scattered on a shiny surface
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