Miranda & Amado|together with Gowling WLG – Toronto|assisted Zijin Mining Group Co.|LTD. (and its subsidiary Jinteg (Singapore) Mining PTE.|LTD.) in the due diligence and documentation of a share purchase agreement with Pan American Silver for the indirect acquisition of 100% shares in the Peruvian subsidiary holding the existing “La Arena” gold mine and the “La Arena II” copper project.
The consideration consists of an upfront USD 245 million payment|payable on closing|and a further USD 50 million payment contingent to the start of commercial production in “La Arena II”.
Separately|the right granted by La Arena S.A. to a 1.5% NSR royalty on gold will correspond to Pan American Silver.
Team – Miranda & Amado: Alberto Delgado (Partner), Fiorella Zumaeta (Partner), Pablo Sotomayor (Partner), Cynthia Rebaza (Associate), Luzmila Zegarra (Associate)|Camila León (Associate), Johana Quezada (Associate), Samuel Yábar (Associate), Nicolás Valverde (Associate) and Carol Villalobos (Associate).