Biggest B.C. mining mergers and acquisitions of 2017

 

Ranked by dollar value of the deal in CAD

Published March 13, 2018. Updated March 15: Blake, Cassels & Graydon LLP was not included in #7 in the print version of the list. Updated May 10, 2018: Fort Capital Partners was not included in #18 in the print version.

Scroll down to download this version and previous versions (to 2013) of the list. Sources: Interviews with companies, agents and advisers below, and BIV research. Foreign currency has been converted using Bank of Canada's closing rate on date of deal announcement. NP = Not provided

Rank '18 Acquiring company Target company Deal announced/Deal closed Description of the deal Primary financial/accounting firms and underwriters Primary law firms Deal value in CAD
1

Goldcorp Inc
goldcorp.com
TSX:G

Kinross Gold Corp / Barrick Gold Corp
kinross.com and barrick.com

March 28, 2017
June 9, 2017

Barrick and Goldcorp formed a new partnership at the Cerro Casale project in Chile. Goldcorp purchased 25% interest in Cerro Casale from Barrick, as well as Kinross' 25% interest in Cerro Casale, resulting in a 50/50 joint venture between Barrick and Goldcorp

NP

Goldcorp: McCarthy Tetrault LLP, Cariola Diez Perez-Cotapos; Barrick: Davies Ward Phillips & Vineberg LLP; Kinross: Blake, Cassels & Graydon LLP, Osler, Hoskin & Harcourt LLP

$600 million

2

Eldorado Gold Corp
eldoradogold.com
TSX:ELD; NYSE:EGO

Integra Gold Corp
integragold.com
TSX-V:ICG

May 14, 2017
July 10, 2017

Eldorado purchased Integra, whose shareholders collectively received approximately $129 million cash and 77 million shares of Eldorado, representing approximately 10% of the total issued shares of Eldorado, post-completion of the arrangement

BMO Capital Markets, Cairn Merchant Partners LP, GMP Securities LP, Raymond James & Associates Inc

Osler, Hoskin & Harcourt LLP, Borden Ladner Gervais LLP, Cassels Brock & Blackwell LLP, Paul Weiss Rifkind Wharton & Garrison LLP, Fasken Martineau Dumoulin LLP

$590 million

3

Leagold Mining Corp
leagold.com
TSX:LMC

Goldcorp Inc
goldcorp.com
TSX:G

January 12, 2017
April 7, 2017

Sale of Goldcorp's Los Filos Mine in Mexico to Leagold Mining for approximately US$450 million

NP

McCarthy Tetrault LLP (Goldcorp); Fasken Martineau DuMoulin LLP (Leagold)

$589.8 million

4

Trevali Mining Corp
trevali.com
TSX:TV

Glencore PLC
glencore.com
LSE:GLEN

March 13, 2017
August 31, 2017

Trevali purchased Glencore's 80% interest in the Rosh Pinah mine in Namibia and 90% interest in the Perkoa mine in Burkina Faso for an aggregate purchase price of US$417.86 million

BMO Capital Markets

McCarthy Tetrault LLP (Glencore), Aird & Berlis LLP (Trevali), Cassels Brock & Blackwell LLP (advised special committee of Trevali's board and acted for Trevali on debt forming part of the cash consideration)

$561.9 million

5

Trek Mining Inc (1)
equinoxgold.com
TSX-V:TREK, now TSX-V:EQX

Anfield Gold Corp / NewCastle Gold Ltd
Delisted; TSX-V:ANF and TSX:NCA

October 25, 2017
December 20, 2017

Trek Mining, NewCastle Gold and Anfield Gold Corp. combined businesses to operate as Equinox Gold Corp. Trek Mining acquired all outstanding shares of NewCastle and Anfield at a share exchange ratio of 0.873 Trek shares for each NewCastle share and 0.407 Trek shares for each Anfield share

Cormark Securities (Trek), TD Securities (NewCastle), Fort Capital Partners (Anfield)

Borden Ladner Gervais LLP (Anfield); Blake, Cassels & Graydon LLP (Trek); Fasken Martineau DuMoulin LLP (NewCastle)

$464.9 million

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