The statement comes after it was made aware that Trident Royalties, which previously acquired a non-material offtake agreement with Equinox, recently brought an application for an order of an arbitrator restraining and enjoining the closing of the acquisition.
Bear Creek said it believes the application is without merit and intends to hold Trident fully responsible for all loss and damage it may suffer as a consequence of Trident’s “interfering conduct.”
The company also said it will take all available steps to have Trident post security for such amounts that will reflect Bear Creek’s reasonably foreseeable gains over the production life of Mercedes, in the unlikely event that an order is granted in respect of the acquisition, which would prevent or obstruct its closing.
“It is disappointing that Trident did not meaningfully engage with us prior to initiating an arbitration to disrupt an ordinary course mining…
