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 |
Pretium Resources Inc |
November 8, 2021 |
Immediate increase in Newcrest gold production allowing for the addition of a Tier 1, large scale, long life, low cost mine in a world class jurisdiction to Newcrest unrivalled asset portfolio |
NP |
Blake, Cassels & Graydon LLP & Paul, Weiss, Rifkind, Wharton & Garrison LLP; Stikeman Elliott LLP |
$3.5 billion |
|
2
|
Kinross Gold |
Great Bear Resources |
December 8, 2021 |
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 |
Mantos Copper (Bermuda) Ltd |
November 30, 0202 |
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 |
Nomad Royalty Co Ltd |
May 1, 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 |
Josemaria Resources Inc |
December 20, 2021 |
Josemaria Resources Inc.'s $625M acquisition by Lundin Mining Corp. |
NP |
Blake, Cassels & Graydon LLP |
$625 million |
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