Mining Lending

Blakes is recognized as having Canada’s preeminent financial services practice. Chambers Canada: Canada’s Leading Lawyers for Business 2024 ranks Blakes number one in banking and finance. Many of the largest and most highly regarded financial institutions and financial services providers in Canada, the U.S., Europe and Asia, as well as other non-Canadian financial service providers, regularly retain Blakes as counsel. Clients rely on our extensive experience in successfully structuring, negotiating and documenting a wide variety of domestic and cross-border mining financing transactions.

Recent Experience

Société Générale, Investec Bank plc, ING Capital LLC and a syndicate of lenders in connection with a US$400-million financing in favour of Leagold Mining Corporation.
The Bank of Nova Scotia, ING Capital LLC and SG Americas Securities LLC on the arrangement and establishment of an US$480-million credit facilities for Pretium Resources Inc.
The Bank of Nova Scotia on the syndicated refinance of a construction loan, re-purchase of gold and silver stream, and revolving facility for the Brucejack Mine.
National Bank of Canada and a syndicate of lenders in connection with a C$350-million revolving credit facility in favour of Atlantic Gold Corporation.
The Bank of Nova Scotia and a syndicate of lenders in connection with a US$300-million revolving credit facility in favour of Tahoe Resources Inc.
Commonwealth Bank of Australia on its US$55-million project finance and cost overrun facility in favour of Midway Gold Corp.
IAMGOLD Corporation on the US$250-million revolving credit facility established by National Bank of Canada, as administrative agent and the lenders from time to time party thereto, in favour of IAMGOLD Corporation, as borrower.
Trek Mining Inc. on its US$85-million five-year term senior secured credit facility from Sprott Private Resource Lending to be used for the construction of the Aurizona mine.
JDS Silver Holdings Ltd. on its US$250-million sale of outstanding shares to Coeur Mining Inc.
The Bank of Nova Scotia and a syndicate of lenders in connection with a US$1-billion revolving credit facility in favour of Royal Gold Inc.
The Bank of Nova Scotia and a syndicate of lenders in connection with a C$1-billion revolving credit facility in favour of Yamana Gold Inc.
JPMorgan Chase Bank, N.A. on the US$700-million Credit Agreement among Compass Minerals International, Inc., Compass Minerals Canada Corp., and Compass Minerals UK Limited.
Nedbank and a syndicate of lenders on the US$100-million project finance facility in favour of Aureus Mining Inc. with respect to its New Liberty gold project.
Bank of Tokyo-Mitsubishi UFJ (Canada) in connection with a US$80-million letter of credit facility in favour of Barrick Gold Corporation.
Deutsche Bank AG, Hong Kong Branch on the US$50-million Credit Facility in favour of Chihong Canada Mining Ltd.
National Bank of Canada and The Bank of Nova Scotia, as co-lead arrangers, in connection with a US$275M acquisition financing in favour of a consortium including Magris Resources to purchase Niobec Inc. from IAMGold Corporation.