Our Toronto office advised the special committee of the board of directors of Yamana Gold Inc. in connection with the offer made by Agnico Eagle Mines Limited and Pan American Silver Corp. pursuant to which Pan American will acquire all of the company’s issued and outstanding common shares and Agnico will acquire certain subsidiaries and partnerships that hold Yamana’s interests in its Canadian assets. Yamana’s Canadian assets include the Canadian Malartic mine, the country’s largest open-pit gold mine.

After consultation with its outside financial and legal advisors, and upon the unanimous recommendation of the special committee, Yamana changed its recommendation on the pending transaction with Gold Fields Limited and unanimously determined in good faith, that the Agnico – Pan American Transaction is a “Yamana Superior Proposal” in accordance with the terms of the Gold Fields Arrangement Agreement. Subsequently, the Gold Fields Arrangement Agreement was terminated.
Yamana Gold Inc. is a Canadian-based precious metals producer with significant gold and silver production, development-stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, Mexico and Argentina.

Practice areas:

Industry: