Aug. 19, 2024 - Following the Canadian Competition Bureau’s 2023 Retail Grocery Market Study in which it recommended that provincial and territorial governments take measures to limit property controls in the grocery industry, including banning their use, the Bureau recently released for public comment a...
Announcement
Barrick Gold Announces Three-Way Transaction with Goldcorp and Kinross
Davies acted for Barrick Gold in its announced, highly complex three-way transaction with Goldcorp and Kinross Gold. This transaction involved Barrick’s sale of its 25% stake in the Cerro Casale Project to Goldcorp and Goldcorp’s acquisition of Kinross’s entire 25% interest in the Cerro Casale Project. The transaction also included the negotiation of a 50/50 regional joint venture between Barrick and Goldcorp in the Cerro Casale, Quebrada Seca and Caspiche projects in Chile’s Maricunga district.
Goldcorp committed to fund Barrick’s first US$260 million of expenditures on these projects following the formation of the joint venture and also funded the joint venture’s acquisition of a 100% interest in the Quebrada Seca property from Kinross.
The Davies team worked closely with Barrick on this transaction and included Melanie Shishler, Richard Fridman, Jennifer Grossklaus, Evan Griffith and Jeffrey Li (Mining and M&A), Geoffrey Turner (Tax), Sarah Powell (Environmental) and John Bodrug and Jim Dinning (Competition).
Related
U.S. Supreme Court Upends 40 Years of Judicial Deference to Regulations
July 25, 2024 - In a historical opinion in Loper Bright Enterprises v. Raimondo, Secretary of Commerce, released at the end of June, the U.S. Supreme Court overturned the “Chevron” doctrine, which for so long had controlled judicial review of U.S. federal regulations. Chevron, decided in...
