Biggest B.C. mining mergers and acquisitions of 2019

 

Ranked by dollar value of the deal in CAD

Published March 16, 2020. Sources: Interviews with companies, agents and advisers below, and BIV research. For a deal to be included on this list, with the acquiring or target company must have headquarters in B.C. Foreign currency has been converted using Bank of Canada's closing rate on date of deal announcement. NP = Not provided

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Rank'20 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

Newmont Mining Corp
newmont.com
NYSE:NEM; TSX:NGT

Goldcorp Inc
NYSE:GG; TSX:G

January 14, 2019
April 19, 2019

Newmont Mining Corp acquired Goldcorp Inc for US$9.8 billion in cash and stock

BMO Capital Markets, Citi and Goldman Sachs (Newmont); Bank of America Merrill Lynch, TD Securities (Goldcorp)

Blake, Cassels & Graydon LLP (Bank of America); Goodmans LLP, Wachtell Lipton and White & Case LLP (Newmont); Cassels Brock, Dorsey & Whitney, King & Wood Mallesons, Neal, Gerber & Eisenberg and Osler, Hoskin & Harcourt LLP (Goldcorp)

$13.3 billion

2

Sumitomo Metal Mining Co Ltd
smm.co.jp
TYO:5713

Teck Resources Ltd
teck.com
TSX:TECK.B; NYSE:TECK

December 4, 2018
April 1, 2019

Teck Resources Ltd closed the acquisition by Sumitomo Metal Mining Co Ltd and Sumitomo Corp of a 30% indirect interest in Compañia Minera Teck Quebrada Blanca S.A., which owns the Quebrada Blanca Phase 2 project

NP

Fasken Martineau DuMoulin LLP

$1.6 billion

3

Pan American Silver Corp
panamericansilver.com
TSX, Nasdaq:PAAS

Tahoe Resources Inc
tahoeresources.com

November 14, 2018
February 26, 2019

Pan American Silver Corp closed its US$1.07 billion acquisition of Tahoe Resources Inc by way of a plan of arrangement

CIBC World Markets (Pan American Silver); Trinity Advisors Corp (Tahoe)

Borden Ladner Gervais LLP and Skadden, Arps, Slate, Meagher & Flom LLP (Pan American Silver); Cassels Brock & Blackwell LLP, Neal, Gerber & Eisenberg LLP (Tahoe)

$1.4 billion

4

Newcrest Mining Ltd
newcrest.com
ASX:NCM

Imperial Metals Corp
imperialmetals.com
TSX:III

March 11, 2019
August 15, 2019

Imperial Metals Corp's US$804 million sale of a 70% interest in the Red Chris mine in British Columbia to Newcrest Mining Ltd and a follow-on joint venture between the parties for the ongoing operation of the Red Chris mine

JP Morgan (Newcrest); BMO Capital Markets (Imperial Metals)

Allens, McCarthy Tétrault (Newcrest); Borden Ladner (Imperial Metals)

$1.1 billion

5

St Barbara Ltd
stbarbara.com.au
ASX:SBM

Atlantic Gold Corp
atlanticgoldcorporation.com
TSX-V:AGB

May 14, 2019
July 19, 2019

St Barbara Ltd (parent company: Nord Pacific Ltd) acquired Atlantic Gold Corp from Beedie Investments Ltd and other shareholders

NP

Fasken Martineau DuMoulin LLP and Blake, Cassels & Graydon LLP (Atlantic Gold Corp)

$802 million

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