Miranda & Amado advised Great Panther Silver, a Canadian mining company, on its acquisition of the Coricancha mining complex in Peru from Nyrstar.
Under the agreement, Great Panther will pay $100,000 on closing and an earn-out consideration of $10 millions.
Nyrstar is a global multi-metals business with operations in Europe, the Americas, and Australia. The company is incorporated in Belgium and has its corporate office in Switzerland. It owns the Coricancha Mine Complex, a polymetallic mine (gold, silver, lead, zinc, copper, among other minerals) and mill complex located in the central Andes of Peru.
The buyer, Great Panther, is a silver mining and exploration company listed on the Toronto Stock Exchange. The company owns and operates two precious metal mining operations in Mexico.
Partner Guillermo Bracamonte led the Miranda & Amado team advising Great Panther. The company also retained McMillan as counsel in Canada.
The seller, Nyrstar, instructed Estudio Osterling in Peru.
BMO Capital Markets and Lazard acted as financial advisers to Nyrstar.