Santa Fe Gold

On February 26, 2016, Santa Fe Gold Corporation (“Santa Fe” or the “Company”) closed on its sale to Pyramid Peak Mining, LLC, an affiliate of Waterton Global Value, L.P., pursuant to §363 of the U.S. Bankruptcy Code.

Canaccord Genuity was hired on August 20, 2015 to explore sale and recapitalization alternatives for the Company.  On August 26, 2015, Santa Fe filed for bankruptcy protection under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware (the “Court”).  On February 3, 2016, the Court approved the sale of substantially all of Santa Fe’s assets to Pyramid Peak Mining, LLC. 

Santa Fe is a mining and mineral exploration company headquartered in Lordsburg, New Mexico.  The Company’s key assets, all located in southwestern New Mexico, include the (i) Summit gold-silver project, which includes the past-producing Summit underground gold-silver mine, (ii) Banner mill and flotation plant and (iii) Lordsburg copper exploration project.

This transaction serves as an example of the broad reach, capabilities and strong collaboration across Canaccord Genuity’s North American investment banking platform.  The U.S. Debt Finance & Restructuring team consisted of Geoffrey Richards, Michael Balistreri and Alexander Ferreira and the Canadian Metals & Mining team consisted of Craig Warren, John Sutherland, Alan Lourenco and Peter Yoo.  This represents Canaccord Genuity’s 10^th restructuring-related advisory transaction by the U.S. Debt Finance & Restructuring Group.