Mining

Disruption and volatility define the mining industry. Business models are shifting as the industry deals with increased shareholder disputes and regulatory scrutiny, the shift to alternative financing structures and the globalization of the industry as a whole.

BLG has one of the most active mining M&A practices in Canada and was ranked No. 1 Canadian and global law firm by deal value in 2018 for the metals and mining industry (Global Data). We have acted for and advised domestic and international mining companies of all sizes, specialties and stages of development for over a century.

We provide the technical expertise to achieve our clients’ operational and strategic goals throughout the mining life cycle—from grassroots exploration to mining development, operation and closure.

Our team offers expertise in:

  • solicited and unsolicited M&A transactions
  • joint ventures and strategic alliances
  • finance and capital markets
  • high-stakes litigation
  • shareholder disputes
  • domestic and international arbitration and mediation 
  • regulatory compliance and investigations
  • infrastructure
  • regulatory and environmental compliance
  • project finance
  • labour and employment disputes
  • Indigenous relationship negotiations

Experience

  • Sprott Capital Partners LP and PI Financial Corp, as lead underwriters, on GoGold Resources Inc.’s (TSX: GGD) C$25 million bought deal financing.
  • The Special Committee of Nevsun Resources Ltd. in its successful defense against a $1.4 billion hostile bid from Lundin Mining Corporation, and negotiation of a friendly $1.86 billion white knight bid from Zijin Mining Group Co. Ltd.
  • Pan American Silver Corp. in its US$1.28 billion acquisition of Tahoe Resources Corp. to create the world’s premier silver mining company.
  • Ressources Quebec Inc., acting as mandatary of the government of Québec, in the private placement of common shares in Nemaska Lithium Inc., which formed part of an overall $1.1 billion project financing package.
  • Imperial Metals Corporation in its sale of a 70 per cent interest in the Red Chris mine in British Columbia to Newcrest Mining Limited for US$806.5 million and a follow-on joint venture between the parties for the ongoing operation of the Red Chris mine.
  • Morgan Stanley and M. Klein & Co, financial advisor that provided a fairness opinion, on the merger of Barrick Gold Corp of Canada with Randgold Resources Ltd, for a total of GBP 4.636 billion(US$ 6.062 billion), in a stock swap transaction, via a scheme of arrangement.
  • Blackstone Tactical Opportunities in its US$540 million construction financing package with Orion Mine Finance Group to Pretium Resources Inc.
  • TD Securities Inc., as lead underwriter, in the C$300 million bought deal of common shares, senior secured callable bonds and subscription receipts of Cobalt 27 Capital Corp. to fund a stream agreement.
  • The Special Committee of IDM Mining Ltd. in their $50 million acquisition by Ascot Resources Ltd.
  • Sandstorm Gold Ltd. in its US$32.75 million acquisition of a net smelter returns royalty on precious metals produced from the Fruta del Norte gold project in Ecuador, currently under construction by Lundin Gold Corporation.
  • Lumina Gold Corp. in its spin-out and initial public listing of Luminex Resources Corp.
  • Cameco in its joint venture restructuring with Kazatomprom on the Inkai mine.

Testimonials

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