McIlvenna Bay Copper

McIlvenna Bay Copper Project - Financing

Borrower (s)
McIlvenna Bay Copper
Industry
Metals and Mining/Base metals
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
Canada

Deal Overview

Canada’s Foran Mining has closed a C$200 million ($155.1 million) investment by the Ontario Teachers’ Pension Plan Board, for the company’s McIlvenna Bay copper project in Saskatchewan. The proceeds of the proposed investment will be used for the development of the McIlvenna...

show more

Canada’s Foran Mining has closed a C$200 million ($155.1 million) investment by the Ontario Teachers’ Pension Plan Board, for the company’s McIlvenna Bay copper project in Saskatchewan. 

The proceeds of the proposed investment will be used for the development of the McIlvenna Bay project towards commercial production, Foran said. McIlvenna Bay is said to be the largest undeveloped volcanogenic massive sulphide deposit along the prolific Flin Flon Greenstone Belt, which sprawls east-central Saskatchewan and the central area of Manitoba.

Recent feasibility results outlined an initial phase 18 year mine life producing 65 million pounds of copper equivalent at an average all-in sustaining cost (net of credits) of $0.90 per pound.

show less
Deal Volume
$155.11m
Financial Close
20 December 2022

All Dealmakers

None yet provided
Tag yourself

Tranches


To view all tranche and pricing information, please sign up or log in

Projects

McIlvenna Bay Copper Project

Greenfield
Base metals
North America
Canada
$857.7m