Financing of Premier Gold Mines

This is a multi-jurisdictional credit requiring careful coordination of common law (Canada, USA, Cayman Islands) and civil law (Mexico, Netherlands) jurisdictions for security over mines and attendant mining licenses and permits as well as joint venture rights. Another challenging angle to this transaction was negotiating a highly complex intercreditor agreement opposite Orion Mine Finance in respect of its stream agreement over the Mercedes Mine and its gold prepay facility with Premier Gold. The transaction also required the negotiation of a consent agreement with Barrick in order to charge Premier Gold’s interest in the South Arturo Mine joint venture.