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27 July 20202 minute read

DLA Piper (Canada) LLP congratulates Sumitomo Metal Mining on USD1.4 billion construction decision for Côté Gold Project

DLA Piper (Canada) LLP congratulates our valued client Sumitomo Metal Mining Co., Ltd. ("SMM") on its announcement on July 21, 2020 of the USD1.4 billion construction decision to build the Côté Gold Project in Ontario with its joint venture partner, IAMGOLD Corporation.

David Reid, DLA's Global Co-Chair, Mining, who acted as counsel to SMM in the transaction, stated: "It's a remarkable achievement especially in these challenging times and is a testimony to the dedication, expertise and vision of SMM and its leadership. We are privileged and honoured to support the hard working team at SMM and look forward to assisting them during the next chapter of this exciting story as they and IAMGOLD begin the process of building one of Canada's newest gold mines."

David and his team, including key team members Ruby Chan and Brent MacLean, have provided legal representation and guidance to SMM throughout its involvement in the Côté Project beginning in 2017 when SMM acquired its interest in the Project and, together with IAMGOLD, formed the Côté Project Joint Venture, a transaction that received PDAC's prestigious Viola R. MacMillan Award in 2018.