Biggest B.C. mining mergers and acquisitions of 2015

Ranked by dollar value of the deal in CAD

Published in BIV on March 15, 2016. Updated March 17, 2016, to include sources in deal #12 that were inadvertently omitted. Also updated to include deal #19, which had been omitted from the published version due to a technical error.  Sources: Interviews with companies, agents and advisers below and BIV research. Foreign currency has been converted using Bank of Canada's closing rate on date of deal announcement

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Rank '16FootnotesAcquiring companyTarget companyDate transaction announcedDate transaction completedDescription of the dealPartial list of advisersDeal value in CAD
1 Acquiring Company: Joint venture partner; Target company: Joint venture partner Goldcorp
TSX:G; NYSE:GG
www.goldcorp.com
Teck Resources Ltd
TSX, NYSE:TCK
www.teck.com
August 27, 2015 November 24, 2015 Project Corridor is a joint venture consisting of a conveyor to transport ore from Goldcorp's El Morro site to a single-line mill at Teck's Relincho site in Chile CIBC $4,626,300,000
2 Tahoe Resources Inc
TSX:THO
www.tahoeresources.com
Rio Alto Mining Ltd
TSX:RIO
www.rioaltomining.com
February 9, 2015 April 1, 2015 Rio Alto, which operates the La Arena mine in Peru and is developing the Shahuindo project, also in Peru, has become a wholly owned subsidiary of Tahoe Blake, Cassels & Graydon LLP; BMO Capital Markets; Cassels Brock & Blackwell LLP; DLA Piper (Canada) LLP; GMP Securities LP; McMillan LLP; Raymond James; Scotiabank; Torys LLP $1,301,346,000
3 Target company: Wholly owned subsidiary of Glencore PLC Silver Wheaton (Caymans) Ltd
TSX:SLW
www.silverwheaton.com
Anani Investments Ltd
LSE:GLEN
November 3, 2015 November 3, 2015 Silver Wheaton Corp's wholly owned subsidiary, Silver Wheaton (Caymans) Ltd, acquired an amount of silver calculated by reference to silver produced at the Antamina mine located in Peru Cassels Brock & Blackwell LLP, McCarthy Tétrault $1,174,680,000
4 Silver Wheaton Corp
TSX:SLW
www.silverwheaton.com
Vale SA
NYSE:VALE
March 2, 2015 March 17, 2015 Silver Wheaton Corp agreed to acquire an additional 25% of gold production from Vale SA’s Salobo mine; this is in addition to the 25% of Salobo gold production the company acquired in 2013 Cassels Brock & Blackwell LLP $1,002,800,000
5 Goldcorp Inc
TSX:G; NYSE:GG
www.goldcorp.com
Probe Mines Ltd
TSX-V:PRB
www.probemines.com
January 21, 2015 March 13, 2015 Goldcorp completed its acquisition of Probe Mines Ltd by way of a plan of arrangement in a mixed cash and stock transaction. Probe’s principal asset is the 100%-owned Borden Gold project located near Chapleau, Ont. BMO Capital Markets; Cassels Brock & Blackwell LLP; GMP Securities LP; Neal, Gerber & Eisenberg LLP; Stikeman Elliott LLP; Thorsteinssons LLP $526,000,000

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Business in Vancouver makes every attempt to publish accurate information in the List, but accuracy cannot be guaranteed. Lists are researched by Carrie Schmidt and Anna Liczmanska. For questions or to provide feedback, please contact us by email, lists@biv.com.

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