1. Deal Description
Guerrero Olivos advised Pan American Silver on the sale of its stake (57.7%) in Agua de la Falda S.A. to Rio Tinto and the sale of mining concessions adjacent to Agua de la Falda, along with the establishment of mining royalties.
This transaction involved several complexities, particularly in the structuring and negotiation of the corresponding Share Purchase Agreement, mining royalty contracts, mining concession sale contracts, and more. Additionally, negotiations were conducted with Codelco, a shareholder of Agua de la Falda S.A.
2. Counsel list
Counsel to Pan American Silver: Guerrero Olivos
Lead Partner: Pedro Lyon
Partners: Benjamín Pérez and Alejandro Chechilnitzky
Senior associate: Valentina Mora
Associates: Sebastián Mozó, Antonia Melelli and Javiera Cid
Counsel to Río Tinto: Cariola, Diez Pérez Cotapos
Counsel to Codelco: Carey y Cía.
3. Date of closing
06/11/2023
4. Deal Value
Confidential
5. Jurisdictions involved
Chile and Canada