News

December 2, 2024

Lavery Acts as Quebec Counsel to Newmont Corporation in Major US$795 million Transaction

Lavery is pleased to advise Newmont Corporation in one of Canada's largest mining transactions, valued at US$795 million. Completion of this transaction is scheduled for the first quarter of 2025. Our mining law team is acting as Quebec Legal counsel to Newmont Corporation in connection with the sale of the Éléonore gold mine, located in the Eeyou Istchee Baie-James territory region of northern Quebec, to Dhilmar, a private mining company based in the United Kingdom. This sale is part of Newmont Corporation's strategy to refocus its portfolio of mining assets.As part of the transaction, our team reviewed and analyzed all assets associated with the Éléonore gold mine. This included mining titles such as mining leases, as well as the transfer and evaluation of government and environmental permits, to ensure compliance with mining laws and regulations. The Lavery team was led by our Business Law partner, Sébastien Vézina, with support from Valérie Belle-Isle, Carole Gélinas, Éric Gélinas, Jean-Paul Timothée, William Bolduc, Joseph Gualdieri, Radia Amina Djouhaer, Charlotte Dangoisse, Salim Ben Abdessalem, Annie Groleau, Joëlle Montpetit and Nadine Giguère. About NewmontNewmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The corporation's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925. About LaveryLavery is the leading independent law firm in Québec. Its more than 200 professionals, based in Montréal, Québec City, Sherbrooke and Trois-Rivières, work every day to offer a full range of legal services to organizations doing business in Québec. Recognized by the most prestigious legal directories, Lavery professionals are at the heart of what is happening in the business world and are actively involved in their communities. The firm's expertise is frequently sought after by numerous national and international partners to provide support in cases under Québec jurisdiction.