Overview
Kari MacKay is a partner in a business law group and heads the Mining Group at Goodmans. Her practice is transaction based, involving all aspects of corporate and securities law, with a particular emphasis on the structuring and execution of a variety of transactions, including complex international mergers and combination transactions and multi-creditor financing arrangements.
Kari also assists companies with their governance and disclosure work. She often represents issuers, private companies and financing parties, many of which are in the Mining and Natural Resource sector.
In connection with her mining practice, Kari has extensive experience at all stages of project development, including with respect to acquisitions, royalty agreements, joint ventures, project financing, including royalty and streaming transactions, technical reporting, off-take agreements and dispositions of assets.
Kari is recognized as a leading lawyer by Chambers Global, Chambers Canada, IFLR1000, The Canadian Legal Lexpert Directory, Lexpert Special Edition: Energy and Mining, The Legal 500 Canada and Best Lawyers in Canada.
Featured Work
Kari’s representative work includes acting for:
- HudBay Minerals Inc. in connection with corporate and strategic initiatives, including its recent proxy contest launched by Waterton Resources; its various acquisitions, including Mason Resources Inc. (principal asset being the Ann Mason project in Nevada) and $540 million hostile take-over bid for Augusta Resources Corp. and subsequent $555 million friendly acquisition; US$920 million offerings of senior secured notes; the US$1.5 billion investment to fund the development and construction of its Constancia copper mine in Peru that included a US$750 million precious metals stream transaction with Wheaton Precious Metals Inc.
- Franco-Nevada Corporation in connection with its US$1.3 billion stream financing transaction with First Quantum Minerals Ltd. in respect of its Cobre Panama project; US$120 million stream financing transaction, in syndication with Sandstorm Gold Inc., to True Gold Mining Inc.; and its US$135 million stream financing transaction with Teranga Gold Corporation
- Coeur Mining, Inc. in connection with various acquisitions and dispositions of assets, financing matters and technical reporting, including the recent acquisitions of JDS Silver Holdings, Ltd. (principal asset: Silvertip mine in B.C.) and Northern Empire Resources Corp. (principal asset: Sterling project in Nevada)
- Gramercy Funds Management in connection with its various investments in Banro Corporation, and the restructuring of Banro pursuant to the Companies’ Creditors Arrangement Act
- Altus Group Limited in each of its offerings and over 30 acquisitions since its IPO in 2005
- clients with investments in mining projects in Canada, United States, Mexico, Peru, Argentina, Brazil and many North African countries.
Awards & Recognition
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Chambers Canada Recognized, Energy & Natural Resources: Mining 2025
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Best Lawyers in Canada Recognized, Corporate Law, Mergers and Acquisitions Law, Mining Law, Natural Resources Law, Securities Law, Corporate Governance Practice 2025
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Chambers Global Recognized, Mining (International & Cross-Border) 2024
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Chambers Canada Recognized, Energy & Natural Resources: Mining 2024
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The Legal 500 Canada Recommended, Corporate and M&A 2024
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IFLR1000 Canada Notable Practitioner, M&A 2024
Credentials
Professional Involvement
Credentials
- University of Windsor, University of Detroit Mercy, LL.B., 1997
- Queen's University, B.Comm., 1994
Call to Bar
- Ontario
Insights
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Capital Markets
Canada Initiates Consultations and Proposes New Measures to Strengthen Anti-Modern Slavery Efforts
The Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”) came into force on January 1, 2024, implementing enhanced reporting requirements for certain entities to combat… -
Capital Markets
Public Safety Canada Releases Updated Guidance on Modern Slavery Reporting Obligations
The Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”) came into force on January 1, 2024, implementing enhanced reporting requirements for certain entities to… -
Capital Markets
Modern Slavery Reporting Obligations for Canadian Entities Effective January 1, 2024
The Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”) came into force on January 1, 2024, implementing enhanced reporting requirements for certain companies and… -
Mergers and Acquisitions
Changes Coming to the OBCA Will Give Ontario Businesses More Flexibility
Ontario’s Bill 213 – the Better for People, Smarter for Business Act, 2020 (the “Act”) – recently received Royal Assent, and its provisions, as they pertain to Ontario’s Business Corporations Act (the… -
Litigation and Dispute Resolution
Removal of Director Residency Requirements Among Proposed Legislative Amendments Designed to Give Ontario Businesses More Flexibility
This week, the Government of Ontario introduced the Better for People, Smarter for Business Act, 2020, which contains proposed legislative amendments to the Business Corporations Act (OBCA) and the… -
Capital Markets
Government Grants Ontario Corporations Additional Flexibility For Corporate Meetings During COVID-19 State of Emergency
On March 30, 2020, the Government of Ontario issued an order (the “Emergency Order”) that will (i) allow all Ontario corporations to hold meetings of directors, shareholders, and members virtually…
News & Events
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Banking and Financial Services
IFLR1000 2024 Recognizes Goodmans Lawyers and Practices
We are proud to announce Goodmans continues to be recognized by IFLR1000 in its annual guide.Recognition in IFLR1000 is based on a combination of in-depth qualitative research and direct client… -
Mergers and Acquisitions
Chambers and Partners Once Again Honours Goodmans with Top-Tier Recognition
We are delighted to announce Goodmans LLP continues to receive top-tier recognition from Chambers and Partners in the Chambers Canada 2025 Guide.Recognition from Chambers and Partners is based on… -
Energy
Goodmans Recognized in the Lexpert Special Edition: Energy and Mining 2024
We are delighted to announce the Lexpert Special Edition: Energy and Mining 2024 has recognized 10 Goodmans LLP partners among Canada's experts in the areas of energy and mining.Congratulations to our…