Barrick Gold purchases Hemlo stake from Teck Cominco for US$65 million
Client
Barrick Gold
On April 22, 2009, Barrick Gold completed its purchase of joint venture partner Teck Cominco's 50% stake in the Hemlo gold operations for US$65 million. The Hemlo operations consists of the Williams and David Bell mines, located near Marathon, Ontario.
Fasken Martineau advised Barrick Gold on certain aspects of this transaction with a team led by Michael Bourassa and that included Stephen Erlichman and Daye Kaba (corporate); Neil Smiley (real estate); Charles Kazaz (environmental); and Paul Casuccio (commodity tax); with the assistance of law clerk Linda Caldwell.
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