PRC advises Boroo on the acquisition of Lagunas Norte mine in Peru

Payet Rey Cauvi has advised Boroo Pte Limited on the acquisition of the Lagunas Norte mine in Peru by Barrick Gold Corporation for US$ 307 million

Boroo Pte Limited is a privately-held investment holding company principally engaged in operating, developing and acquiring gold properties globally. Boroo owns and operates various production-stage and development-stage assets in Central Asia.

The proposed acquisition would benefit the mine’s stakeholders in Peru by giving Boroo the opportunity to extend its life by accessing satellite resources and adapting the infrastructure.

José Cúneo, Corporate partner of Payet Rey Cauvi highlighted “We are very excited about this transaction as it has opened the door for a new world-class mining player like Boroo. There is still a lot of work to be done until the closing of the transaction, but the signing of the share purchase agreement is certainly a very big step. This transaction also shows that Peru is a first-class destination for mining investment.”

Payet Rey Cauvi´s team was led by Corporate/ M&A partner José Cúneo (pictured first right), Tax partner Vanessa Watanabe (pictured centre), and Mining counsel Ángel Chavez (pictured left). Other advisers included Alejandro Fuller and Shirley Quino.