On February 26, 2026, a syndicate of lenders led by the Bank of Nova Scotia (“Scotiabank”), completed a US$4.5 billion financing of Lundin Mining Corporation (“Lundin”), to support its long‑term growth strategy and the development of its flagship projects.
The financing will be used primarily to fund Lundin’s 50% share of the development costs for the Vicuna Project, a large‑scale gold, silver and copper development located on the Argentina–Chile border and held through a 50‑50 joint venture with BHP.
Fasken advised the syndicate of lenders led by Scotiabank with a team led by Thomas Meagher and which included Nathan Gates and Gurkirat Batth.
Jurisdictions
- Canada
- Sweden
- Brazil
- Chile
- Netherlands
