Miranda & Amado, together with Gowling WLG – Toronto, assisted Zijin Mining Group Co., LTD. (and its subsidiary Jinteg (Singapore) Mining PTE., LTD.) in the due diligence and documentation of a share purchase agreement with Pan American Silver for the indirect acquisition of 100% shares in the Peruvian subsidiary holding the existing “La Arena” gold mine and the “La Arena II” copper project.

The consideration consists of an upfront USD 245 million payment, payable on closing, and a further USD 50 million payment contingent to the start of commercial production in “La Arena II”.

Separately, the right granted by La Arena S.A. to a 1.5% NSR royalty on gold will correspond to Pan American Silver.

Team - Miranda & Amado: Alberto Delgado (Partner), Fiorella Zumaeta (Partner), Pablo Sotomayor (Partner), Cynthia Rebaza (Associate), Luzmila Zegarra (Associate), Camila León (Associate), Johana Quezada (Associate), Samuel Yábar (Associate), Nicolás Valverde (Associate) and Carol Villalobos (Associate).