Newcrest Mining acquires a 70% joint venture interest in Red Chris copper and gold mine in British Columbia from Imperial Metals for US$804M

Date Closed

August 15, 2019

Lead Office

Toronto

Value

804.00 Million USD

On August 15, 2019, Newcrest Mining officially entered into North America through the completion of its previously announced acquisition of a 70% joint venture interest in, and operatorship of, Imperial Metals' Red Chris mine for US$804 million. Red Chris is a copper-gold porphyry mine, located in the prospective ‘Golden Triangle’ of British Columbia, with the potential to be a Tier 1 orebody through block caving applying Newcrest Mining’s industry leading technology.

McCarthy Tétrault LLP advised Newcrest with a team led by Shea Small and Roger Taplin that included Adam Wanke, Chanelle Bristol, Etienne Ravilet Guzman, Glynnis Morgan, Daniel Bornstein and Ian Mak (Business), Jason Gudofsky and Kate McNeece (Competition), Paul Cassidy (Environment), Craig Shirreff and Jonathan Cheng (Real Property), Rob Nearing and Nicolas Désy (Tax), Sean Collins and Walker MacLeod (B&R), Matthew Demeo (Employment), Peter Brady (HSE), John Boscariol and Robert Glasgow (Anti-Corruption) and Shane D’Souza and Sabrina Bruno (Litigation).

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