Erik Goldsilver is a partner in the Mining Group at Cassels, offering 25+ years of experience helping mining companies through the full lifecycle of their projects. Erik has an extensive background in matters involving mining and natural resources, both domestically and internationally. His practice focuses principally on mining law, including in-depth experience with streaming transactions and royalty agreements.
Erik is well-versed in all aspects of the development, construction, and operation of mining projects. He has advised on Indigenous issues and claims, environmental and regulatory compliance matters, and permitting issues, as well as mine closure, decommissioning, and reclamation issues.
Eric representative work includes:
- Horizon Copper in its US$196 million acquisition by Royal Gold.
- Zijin Mining Group completes purchase of La Arena for US$245 million cash upfront and US$50 million contingent payment.
- Sandstorm Gold Royalties in its acquisition of a portfolio of mining royalties and a metal stream agreement for US$525 million.
- Kinross Gold Corporation with respect to its $3 million investment in Eminent Gold Corp. and in its strategic investment in AbraSilver.
- Aura Minerals in securing US$31 million to fund construction of Borborema gold project in Brazil.
- Elemental Altus in its sale of the Diba Gold Project in Mali to Allied Gold and in its acquisition of a royalty portfolio from First Mining.
- Kinross Gold Corporation in a series of transactions with BTU Metals Corp. involving: a $1,250,000 private placement of shares of BTU Metals Corp.; the acquisition of certain mining properties from BTU Metals Corp. in northwestern Ontario adjacent to Kinross’ Great Bear Project for $1,550,000; and option agreement with BTU Metals Corp. which provides Kinross with an option to earn a 70% interest in certain mining properties in northwestern Ontario adjacent to Kinross’ Great Bear Project in consideration for incurring $4,700,000 on the properties.
- Elemental Altus Royalties Corp. in its acquisition of 19 mining royalties in Canada, the US, Mexico and Burkino Faso from a wholly owned subsidiary of First Mining Gold Corp. for a payment of US$3.5 million in cash and US$1.5 million of common shares.
- Sandstorm Gold Ltd. in a financing arrangement with Bear Creek Mining Corporation involving a C$37.5 million gold purchase agreement and a C$22.5 million convertible debenture financing.
- Sandstorm Gold Ltd. in its US$30 million Vatukoula stream and royalty transaction on the producing Vatukoula Mine in Fiji.
- Kinross Gold Corporation in the negotiation of a US$9.5 million farm-in agreement with S2 Resources Ltd. to earn a 70% interest in four exploration licence and licence applications in the Central Lapland Greenstone Belt in northern Finland.
- The lender in Americas Gold and Silver Corporation’s issuance of C$12.5 million secured convertible debenture.
- Sandstorm Gold Ltd. in its US$7 million acquisition of a package of 21 royalties in Nevada and Montana from an affiliate of Waterton Precious Metals Fund II Cayman, LP.
- Sandstorm Gold Ltd. on the US$42.5 million financing package for Americas Silver Corporation that includes a US$25 million gold stream and royalty on the Relief Canyon Project in Nevada, USA, as well as a US$10 million convertible debenture, and an US$7.5 million equity subscription.
- Imperial Metals Corporation in its sale of a 70% interest in the Red Chris mine in British Columbia to Newcrest Mining Limited for US$806.5 million and a follow-on joint venture between the parties for the ongoing operation of the Red Chris mine.
- Sandstorm Gold Ltd. on the US$32.75 million acquisition of a net smelter returns royalty on precious metals produced from the Fruta del Norte gold project in Ecuador, currently under construction by Lundin Gold Corporation.
- Glencore International AG in the sale of a C$31.2 million convertible debentures by Champion Iron Limited to Glencore International AG.
- Kinross Gold Corporation in the option to acquire a 100% interest in Yorbeau’s Rouyn Property from Yorbeau Resources Inc.
- Sulliden Mining Capital Inc. in the option of the Troilus Mine from First Quantum Minerals Ltd.
- Sandstorm Gold Ltd. in their US$152 million multi-asset stream transaction with Yamana Gold Inc.
- Blackstone Tactical Opportunities in their US$540 million construction financing package with Orion Mine Finance Group to Pretium Resources Inc.
- Lundin Mining Corp. on the purchase of the Eagle Mines nickel-copper project in Michigan for US$325 million.
- Silver Wheaton Corp. in its purchase of life of mine silver and gold production from HudBay Minerals Inc.’s 777 Mine in Canada and Constancia Project in Peru for total cash consideration of US$750 million.
Erik has been recognized as a leader in his field by such authorities as Best Lawyers in Canada, the Canadian Legal Lexpert Directory, Lexpert’s Leading 500 Cross-Border Lawyers, Chambers Canada, and Chambers Global.
