Aris Gold has merged with GCM Mining.
The deal brings together teams with extensive project development and mine-building expertise.
Ian Telfer, chair of Aris Gold, stated, “The group creates a top-in-class company with multiple tier one assets. After Aris Gold became an operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building a 1 million ounce producer over the next few years.”
National Bank Financial and Stifel GMP are acting as co-financial advisors to GCM. Wildeboer Dellelce LLP, Proskauer Rose LLP and CLA Consultores S.A.S. are serving as legal advisors to GCM. The GCM special committee has retained Blake, Cassels & Graydon LLP as its independent counsel. Canaccord is serving as financial advisor to Aris Gold. BMO Capital Markets provided a valuation and fairness opinion to the Aris Gold special committee. Fasken Martineau DuMoulin LLP and Dentons are acting as legal advisors to Aris Gold.