Firms acts as gold mine changes hands

by Sol Dolor27 Sep 2017
Two firms have acted in the sale of a gold mine in Western Australia.

DMAW Lawyers advised Ramelius Resources as its wholly owned subsidiary, Ramelius Operations, acquired the Edna May gold mine from Evolution Mining, which was advised by top firm Allens.

Ramelius is acquiring the mine for $90m, with a $40m upfront cash payment. The balance will be paid in the form of a royalty and a cash or scrip payment.

The Allens legal team was led by partner Guy Alexander and counsel Andrew Wong. It included associates Tom Hall and Suzana Vukasinovic.

Allens previously acted for Evolution Mining on its acquisition of an interest in the Ernest Henry Mine in Queensland and the acquisition of the Cowal mine from Barrick. Evolution previously said that it wants to sell smaller mines for bigger and better-performing assets.


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