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Mark Bennett Discusses Mining Deals with Lexpert

09/26/2017

Mark Bennett was quoted in the article “The Mother of Invention” published in Lexpert‘s 2017/2018 Special Edition on Global Mining. The article looks at the trend in mining for juniors to resort to creative structures like streaming in order to stay in business while majors seem content to play the waiting game.

Mark notes, however, that majors also have an ongoing concern about replacing reserves. “Majors who don’t have robust projects in their own pipeline are concerned about access to new projects by way of moving the needle on production in the next generation.”

Julius Melnitzer writes “In that vein, Eldorado Gold Corp. recently announced its purchase of Integra Gold Corp., essentially a single-asset company holding the Lamaque project near Val D’Or, Québec. The transaction, like Goldcorp’s continuing focus on Chile, can be seen as a continuation of a trend to diversification to low-risk jurisdictions.”

Mark goes on to say: “It’s a classic case of a senior company taking over a one-asset, late-stage enterprise in what will be a key project for Eldorado going forward. The key is finding the right-sized project, which is why we’re not seeing as many of the billion-dollar-plus deals.”

Read the full article here.


Lexpert‘s 2017/2018 Special Edition on Global Mining also recognizes leading lawyers in the field, including several of our own partners. Learn more.

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