Biggest B.C. mining mergers and acquisitions of 2022

 

Ranked by dollar value of the deal in CAD

Published March 20, 2023. 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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(1) Converted from USD

(2) BIV calculation

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

Newcrest Mining Ltd
TSX:NCM

Pretium Resources Inc
pretivm.com
TSX-V: PVG-T

November 8, 2021
March 9, 2022

NP

Blake, Cassels & Graydon LLP & Paul, Weiss, Rifkind, Wharton & Garrison LLP; Stikeman Elliott LLP

$3.5 billion

2

Kinross Gold
kinross.com
TSX: K

Great Bear Resources
greatbearresources.ca
TSX: GBR

December 8, 2021
February 24, 2022

Great Bear shareholders were provided the right to elect to receive $29.00 in cash for each Great Bear common share or 3.8564 Kinross common shares per Great Bear Share

NP

Blake, Cassels & Graydon LLP, Osler, Joskin & Harcourt LLP

$1.8 billion

3

Capstone Mining Corp
capstonemining.com
TSX:CS

Mantos Copper (Bermuda) Ltd
mantoscopper.org

November 30, 0202
March 23, 2022

Capstone Mining Corp. and Mantos Copper (Bermuda) Ltd.'s business combination, whereby Capstone became a subsidiary of Capstone Copper Corp.

NP

Blake, Cassels & Graydon LLP, Baker & McKenzie LLP, Stikeman Elliott LLP

$1.1 billion

4

Sandstorm Gold Ltd
sandstormgold.com
TSX:SSL

Nomad Royalty Co Ltd

May 1, 2022
August 15, 2022

Sandstorm issued approximately 74.4 million common shares of Sandstorm to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm shares for each common share of Nomad. With completion of the acquisition, existing Sandstorm and former Nomad shareholders own approximately 73% and 27%

NP

Cassels Brock & Blackwell LLP

$767.8 million (1)

5

Lundin Mining Corp
lundinmining.com
TSX: LUN

Josemaria Resources Inc
josemariaresources.com
TSX: JOSE

December 20, 2021
April 28, 2022

Josemaria Resources Inc.'s $625M acquisition by Lundin Mining Corp.

NP

Blake, Cassels & Graydon LLP

$625 million

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