Transactions & Cases Detail



Transaction/Case Details

Goldcorp and Barrick form a significant 50/50 regional joint venture over the Cerro Casale, Quebrada Seca and Caspiche projects in Chile's Maricunga district

DATE CLOSED

June 9, 2017

BUSINESS SECTOR

Mining & Metals

LEAD OFFICE

Vancouver

VALUE

445 Million USD


OVERVIEW

On June 9, 2017, Goldcorp Inc. ("Goldcorp") announced that it had closed the acquisition of a 50% interest in the Cerro Casale project from Kinross Gold Corporation (“Kinross”) and Barrick Gold Corporation (“Barrick”), the acquisition of a 100% interest in the Quebrada Seca project from Kinross and the formation of a 50/50 regional joint venture with Barrick over the Cerro Casale, Quebrada Seca and Caspiche projects in Chile's Maricunga district (the “Transaction”).

Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines.

McCarthy Tétrault LLP advised Goldcorp on the Transaction, the granting of certain royalties granted in connection with the acquisitions of the interests in the joint venture from each of Kinross and Barrick, and the grant of a water supply agreement to Kinross by the joint venture, with a team led by Roger Taplin (Mining and M&A) and included Frederico Marques, Adam Wanke, Ryan Hornby, Patrick Deutscher and Ainslie Hurd (Mining and M&A), and Oliver Borgers and Jonathan Bitran (Competition).

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Competition/Antitrust
read /

M&A
read /

Mining
read /

Projects
read /