Tahoe Resources and Rio Alto Mining combine to create a leading intermediate precious metals producer

Torys acted as counsel to the independent committee to Rio Alto with a team that included Jamie Scarlett and John Emanoilidis.

On April 1 2015, Tahoe Resources Inc. (Tahoe) and Rio Alto Mining Limited (Rio Alto) completed the plan of arrangement, initially announced on February 9, 2015, to combine their respective businesses and create a new, leading intermediate precious metals producer with several value-enhancing growth opportunities and a combined market capitalization of US$3.25 billion.

Pursuant to the arrangement, Rio Alto is now a wholly-owned subsidiary of Tahoe, and all of the issued and outstanding common shares of Rio Alto were transferred to Tahoe in consideration for the issuance by Tahoe of 0.227 of a common share of Tahoe and the payment of C$0.001 for each Rio Alto share.

Further information can be found on Tahoe's website.

Tahoe is a publicly traded company led by experienced mining professionals who are dedicated to the responsible production of precious metals in the Americas. Tahoe operates the Escobal silver mine in Guatemala.

Rio Alto is a mid-tier gold producer focused on optimizing production, exploration and if appropriate, making further acquisitions of precious metal properties in low risk regions of the Americas. Rio Alto owns the La Arena gold mine and the Shahuindo gold project, both located in Peru.