Biggest B.C. mining mergers and acquisitions of 2016

Ranked by dollar value of the deal in CAD

Published March 14, 2017. 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.

Search This Table
Rank '17FootnotesAcquiring companyTarget companyDeal announcedDeal closedDescription of the dealPartial list of agents and advisersDeal value in CAD
1 Silver Weaton Corp
TSX:SLW
silverwheaton.com
Vale SA

vale.com
8/2/2016 8/2/2016 Wholly owned subsidiary Silver Wheaton (Caymans) Ltd acquired additional gold stream from Vale SA's Salobo mine in Brazil Cassels Brock & Blackwell LLP $1,048,160,000
2 Kirkland Lake Gold Inc
TSX:KL
klgold.com
Newmarket Gold Inc
TSX:NMI
newmarketgoldinc.com
9/29/2016 11/30/2016 Kirkland Lake Gold Inc and Newmarket Gold Inc merged to form Kirkland Lake Gold Ltd, a mid-tier gold producer with expected annual gold production of over 500,000 ounces Cassels Brock & Blackwell LLP, GMP Securities, Maxit Capital LP, RBC Capital Markets $1,010,000,000
3 Boliden AB
Nasdaq Stockholm:BOL
boliden.com
First Quantum Minerals Ltd
TSX:FM
first-quantum.com
3/10/2016 6/1/2016 Acquired Kevitsa mine, located in the north of Finland in Lapland Blake, Cassels & Graydon LLP $950,235,200
4 BCIMC

bcimc.com
Glencore
LSE:GLEN
glencore.com
6/9/2016 12/1/2016 BCIMC acquired a 9.99% interest in Glencore's agricultural products business Barclays, Citigroup, Credit Suisse, RBC Capital Markets $794,435,370
5 Yintai Resources Co Ltd
SHE:000975
Eldorado Gold Corp
TSX:ELD; NYSE:EGO
eldoradogold.com
5/16/2016 11/22/2016 Eldorado sold its respective interest in the White Mountain and Tanjianshan mines (China) and the Eastern Dragon development project to an affiliate of Yintai Resources Blake, Cassels & Graydon LLP, BMO Capital Markets, Borden Ladner Gervais LLP, Cutfield Freeman & Co., Fasken Martineau DuMoulin LLP, GMP Securities, Herbert Smith Freehills LLP; JunHe LLP; Morrison & Foerster LLP $773,760,000

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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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