DLA Piper (Canada) LLP | View firm profile
DLA Piper advised Canadian exploration company Aurion Resources Ltd. in its acquisition by Agnico Eagle Mines Limited, Canada’s largest mining company and the second largest gold producer in the world, for aggregate consideration of approximately CAD$481 million.
The transaction represents a significant consolidation in Finland’s mining sector and supports Agnico Eagle’s continued growth strategy in the exploration and development of precious metals assets. Following completion of the plan of arrangement, Aurion’s shares were delisted from the TSX Venture Exchange.
“This transaction highlights continued activity in the mining sector, particularly in strategic acquisitions of high-quality exploration assets,” said Alan Monk, the DLA Piper Counsel who co-led the deal. “We are proud to have supported our client through this complex, multi-jurisdictional transaction at every stage of the process.”In addition to Monk (Vancouver), the DLA Piper deal team was co-led with Partner Trevor Wong-Chor (Calgary) and supported by teams across Canada, Finland, and the United States. The Canada team included Graham Norris (Calgary), Beatriz Albuquerque (Toronto), Struan Robertson, Sean Tessarolo, and Trevor Simpson (all Vancouver), and Derek Kurrant, Prince Aurora, and Brenden Cowlishaw (all Calgary). The Helsinki-based team included Antti Paloniemi, Salla Tuominen, and Essi Lavikkala. Ryan Walsh (New York) provided counsel in the US.
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 16 consecutive years by Mergermarket.