Dec. 19, 2024 - Despite a strong start to the year, activist activity in Canada in 2024 tapered to pre-pandemic levels. This reversion to more historic annual totals follows a notable resurgence of shareholder demands directed at Canadian public companies in 2023, when shareholder engagement reached its...
Announcement
Barrick Gold Completes Strategic Divestiture and Partnership with Shandong Gold
Davies acted for Barrick Gold Corporation in its transaction with Shandong Gold that included the following:
- sale of a 50% interest in the Veladero gold mine for US$960 million;
- the negotiation of a 50/50 joint venture arrangement in respect of the Veladero gold mine;
- the negotiation of a strategic cooperation agreement to explore the joint development of the Pascua-Lama deposit located along the Chilean-Argentinean border; and
- the evaluation of additional investment opportunities on the highly prospective El Indio Gold Belt on the border between Argentina and Chile.
The Davies team on this transaction included Melanie Shishler, Joshua Kuretzky and Steve Cutler (Mining and M&A), Geoffrey Turner (Tax), Sarah Powell (Environmental), Scott Hyman (Finance) and John Bodrug and Jim Dinning (Competition).
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Dec. 04, 2024 - The Federal Court of Appeal (FCA) recently dismissed the Bank of Nova Scotia’s (BNS) appeal and upheld the Canada Revenue Agency’s (CRA) practice of charging arrears interest on a non-existent tax debt where audit adjustments increase taxable income that is offset by the carryback of a loss...
