Deal Detail


Simmer and Jack Mines, Limited ("Simmers")

Acted for Simmers and the Simmers group entities in terms of a forward sale of gold to Deutsche Bank by a member of the Simmers group, supported by guarantees from Simmers and other Simmers group entities. Simmers received an advance payment of US$20 million and will, against monthly deliveries of 2030 oz of gold, receive additional amounts subject to the applicable gold price at the time of delivery. The total gold to be delivered in terms of the transaction is 24 360 oz.

Lawyers Involved:

Assisted By:

Joshua Janks, Robert Hare

 
 
   

 

In association with Bowman Gilfillan Africa GroupMember of Lex MundiMember of Employment Law Alliance