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Newcrest Mining agrees to acquire Pretium Resources

Date Announced

November 08, 2021

Lead Office

Toronto

Value

3.50 Billion CAD

On November 8, 2021, Newcrest Mining (Newcrest) agreed to acquire all outstanding common shares of Pretium Resources (Pretium) for an aggregate 50% cash and 50% Newcrest shares in a deal that values Pretium at C$3.5 billion. Following the completion of the transaction, Newcrest will become the operator and 100% owner of the Brucejack mine. The deal will broaden Newcrest's footprint in Canada. The combination of Newcrest and Pretivm will create a leading gold miner in British Columbia’s Golden Triangle, operating both the Brucejack and Red Chris mines.

Newcrest, based in Melbourne, operates mines in Australia, Canada, and Papua New Guinea, and has a market value of US$15.3-billion.

McCarthy Tétrault LLP is advising Newcrest with a team led by Shea Small and Eva Bellissimo that includes Claire Lehan, Thomas Fung, Daniel Bornstein, Glynnis Morgan, Jordan Chu (Business Law), Jason Gudofsky, Kate McNeece (Competition), Raj Juneja (Tax), Selina Lee-Andersen (Technology), Shane D'Souza, Pierre-Gabriel Gregoire (Litigation), Donovan Plomp, Lauren Soubolsky (Employment and Labour), Jonathan Cheng (Real Property and Planning), and Kelleher Lynch (Pensions).

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