Biggest B.C. mining mergers and acquisitions of 2020

 

Ranked by dollar value of the deal in CAD

Published March 15, 2021. 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

Kirkland Lake Gold Ltd
klgold.com
TSX, NYSE:KL; ASX: LA

Detour Gold Corp
TSX:DGC

November 25, 2019
January 31, 2020

Kirkland acquired 100% of Detour shares. Detour shareholders received 0.4343 of a common share of Kirkland in exchange for each Detour share held immediately prior to closing. Upon closing of the arrangement, existing Kirkland shareholders owned approximately 73% of Kirkland shares and former Detour shareholders owned 27%

NP

Cassels Brock & Blackwell LLP

$4.9 billion

2

SSR Mining Inc
www.ssrmining.com
TSX:SSRM

Alacer Gold Corp
www.alacergold.com
TSX:ASR; ASX:AQG

May 11, 2020
September 16, 2020

SSR Mining and Alacer Gold agreed to a $2.41 billion at-market merger of equals to form a combined company worth $5.6 billion

CIBC; Scotiabank

$3.3 billion

3

Zijin Mining Group Co, Ltd
www.zijinmining.com
SHA: 601899

Continental Gold Inc
www.continentalgold.com
TSX:CNL; OTCQX:CGOOF

December 2, 2019
March 10, 2020

Zijin acquired all of the common shares of Continental at a price of $5.50 per share. The total equity value pursuant to the transaction is approximately $1.4 billion on a fully diluted basis

NP

$1.4 billion

4

Equinox Gold Corp
www.equinoxgold.com
TSX:EQX

Leagold Mining Corp
www.leagold.com
TSX:LMC

December 16, 2019
March 10, 2020

Equinox Gold Corp and Leagold Mining Corp merged, creating one of the world's top gold producing companies operating entirely in the Americas. Leagold shareholders will receive 0.331 of an Equinox Gold common share for each Leagold share held

Scotia Capital Inc (Leagold)

Blake, Cassels & Graydon LLP (Equinox); Fasken Martineau DuMoulin LLP

$1.2 billion

5

Osisko Gold Royalties Ltd
osiskogr.com
TSX, NYSE:OR

Barolo Ventures Corp
TSX-V:BVC.H

October 5, 2020
November 25, 2020

Barolo Ventures Corp. completed a spin-out transaction with Osisko Gold Royalties Ltd that resulted in the successful launch of Osisko Development Corp. Assets valued at $750 million were transferred to a subsidiary of Osisko Royalties

NP

Cassels Brock & Blackwell LLP

$850 million

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