Client Work

Discovery Announces US$425 Million Acquisition of Newmont's Porcupine Complex

January 30, 2025
Authors
Sander A.J.R. Grieve KCPartner
Leonard J. GriffithsPartner
Jane C. HelmstadterPartner
Linda Misetich DannPartner
Benjamin J. GalAssociate
Pardeep S. BrarAssociate
Kaitlyn (Katie) ClementAssociate
Michaila GrazianiAssociate
David BurseyPartner
Samantha WengAssociate
Samuel JudsonAssociate
Vanessa KiralyAssociate
Philip B. WardPartner
Susan G. SellerPartner
Zirjan (Zee) J. DerwaPartner
Katelyn WellerCounsel
Madison StemmlerAssociate

Discovery Silver Corp. has announced that it has entered into a definitive agreement to acquire from a wholly owned subsidiary of Newmont Corporation 100% of Newmont’s interest in its Porcupine Operations based in and near Timmins, Ontario for total consideration of US$425 million.

Bennett Jones is acting as legal advisor to Discovery in relation to the acquisition and the public offering.

The Bennett Jones team is led by Sander Grieve, K.C. and Linda Misetich Dann (M&A), and includes Benjamin Gal, Pardeep Brar, Katie Clement and Michaila Graziani (M&A), David Bursey (Aboriginal Law), Jane Helmstadter, Samantha Weng, Samuel Judson, Vanessa Kiraly (Commercial Real Estate), Len Griffiths (Environmental), Philip Ward (Tax), Susan Seller (Benefits), Zee Derwa (Competition), Katelyn Weller and Madison Stemmler (Employment).

Read the transaction press release.

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For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

Authors

Sander A.J.R. Grieve KC, Partner
Toronto  •   416.777.4826  •   grieves@bennettjones.com
Leonard J. Griffiths, Partner  •   Co-Head of Environmental Practice
Toronto  •   416.777.7473  •   griffithsl@bennettjones.com
Jane C. Helmstadter, Partner  •   Co-Head of Commercial Real Estate Practice
Toronto  •   416.777.7470  •   helmstadterj@bennettjones.com
Linda Misetich Dann, Partner
Toronto  •   416.777.4636  •   misetichdannl@bennettjones.com
Benjamin J. Gal, Associate
Toronto  •   416.777.7923  •   galb@bennettjones.com
Pardeep S. Brar, Associate
Toronto  •   416.777.7903  •   brarp@bennettjones.com
Kaitlyn (Katie) Clement, Associate
Toronto  •   416.777.7843  •   clementk@bennettjones.com
Michaila Graziani, Associate
Toronto  •   416.777.7850  •   grazianim@bennettjones.com
David Bursey, Partner   •   Co-Head of Aboriginal Law Practice
Vancouver  •   604.891.5128   •   burseyd@bennettjones.com
Samantha Weng, Associate
Toronto  •   416.777.5526  •   wengs@bennettjones.com
Samuel Judson, Associate
Toronto  •   416.777.7872  •   judsons@bennettjones.com
Vanessa Kiraly, Associate
Toronto  •   416.777.7873  •   kiralyv@bennettjones.com
Philip B. Ward, Partner
Toronto  •   416.777.7476  •   wardp@bennettjones.com
Susan G. Seller, Partner
Toronto  •   416.777.5638  •   sellersg@bennettjones.com
Zirjan (Zee) J. Derwa, Partner
Toronto  •   416.777.6442  •   derwaz@bennettjones.com
Katelyn Weller, Counsel
Toronto  •   416.777.4850  •   wellerk@bennettjones.com
Madison Stemmler, Associate
Toronto  •   416.777.7915  •   stemmlerm@bennettjones.com