Davies acted for Barrick Gold Corporation in connection with its gold and silver streaming agreement with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc., for production linked to Barrick’s 60% interest in the Pueblo Viejo mine. In return, Royal Gold agreed to make an upfront cash payment of $610 million plus continuing cash payments for gold and silver delivered under the agreement. Ongoing cash payments to Barrick were tied to prevailing spot prices rather than fixed in advance.
The Davies team on this transaction included Melanie Shishler, Richard Fridman, Robin Upshall and Scott Hyman (Corporate) and Geoffrey Turner (Taxation).
Federal Budget 2024: How It Impacts You and Your Business
Apr. 16, 2024 - On April 16, 2024 (Budget Day) the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2024). Budget 2024 included a number of proposed changes to the Income Tax Act (ITA) and other tax legislation. ...
Governance Insights: 10 Trends that GCs and Boards Need to Know
Jan. 24, 2024 - The latest edition of Davies’ Governance Insights is now available. In this issue, we explore 10 important trends that will help general counsel and boards navigate the year ahead. In order to help you with your strategic and compliance planning, we discuss issues including the...
