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Round Mountain Gold Corp, et al. – ‘F-10’ on 11/12/14 – EX-5.1

On:  Wednesday, 11/12/14, at 4:16pm ET   ·   Accession #:  1047469-14-9113   ·   File #s:  333-200142, -01, -02, -03, -04, -05, -06, -07, -08, -09, -10, -11

Previous ‘F-10’:  None   ·   Next & Latest:  ‘F-10/A’ on 12/16/14

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

11/12/14  Round Mountain Gold Corp          F-10                  18:1.8M                                   Merrill Corp/New/FA
          Compania Minera Mantos de Oro
          Crown Resources Corp
          BGO (Bermuda) Ltd.
          Red Back Mining Inc.
          Red Back Mining Mauritania No. 2 Ltd
          Kinross Gold Corp
          Compania Minera Maricunga
          Kinross Brasil Mineracao S.A.
          Aurelian Resources Inc
          Fairbanks Gold Mining, Inc.
          Melba Creek Mining, Inc.

Registration Statement of a Foreign Private Issuer (Not Effective Immediately)   —   Form F-10
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-10        Registration Statement of a Foreign Private Issuer  HTML    599K 
                          (Not Effective Immediately)                            
 3: EX-3.10     Articles of Incorporation/Organization or By-Laws   HTML     30K 
 2: EX-3.3      Articles of Incorporation/Organization or By-Laws   HTML     92K 
 4: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     34K 
 5: EX-4.3      Instrument Defining the Rights of Security Holders  HTML    227K 
 6: EX-5.1      Opinion re: Legality                                HTML     26K 
 7: EX-5.2      Opinion re: Legality                                HTML     25K 
 8: EX-5.3      Opinion re: Legality                                HTML     32K 
 9: EX-5.4      Opinion re: Legality                                HTML     19K 
10: EX-5.5      Opinion re: Legality                                HTML     27K 
11: EX-5.6      Opinion re: Legality                                HTML     28K 
12: EX-5.7      Opinion re: Legality                                HTML     28K 
13: EX-12.1     Statement re: Computation of Ratios                 HTML     58K 
14: EX-23.1     Consent of Experts or Counsel                       HTML     14K 
15: EX-23.9     Consent of Experts or Counsel                       HTML     12K 
16: EX-25.1     Statement re: Eligibility of Trustee                HTML    108K 
17: EX-99.1     Miscellaneous Exhibit                               HTML     58K 
18: EX-99.2     Miscellaneous Exhibit                               HTML     47K 


EX-5.1   —   Opinion re: Legality


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]




Exhibit 5.1

 

[Sullivan & Cromwell LLP Letterhead]

 

 

November 12, 2014

 

Kinross Gold Corporation,
      25 York Street,
             17th Floor,
                   Toronto, Ontario,
                         Canada M5J 2V5.

 

Ladies and Gentlemen:

 

In connection with the registration under the Securities Act of 1933, as amended (the “Act”) of (i) $500,000,000 aggregate principal amount of 5.95% Senior Notes due 2024 (the “New Notes”) of Kinross Gold Corporation, an Ontario corporation (the “Company”), to be issued in exchange for the Company’s outstanding 5.95% Notes due 2024 (the “Initial Notes”), pursuant to the Indenture, dated as of August 22, 2011 (“the “Indenture”), among the Company, the guarantors listed on Annex A (the “Guarantors”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), and (ii) the guarantees of the New Notes (the “New Guarantees”) by the Guarantors of the Initial Notes pursuant to the Indenture, we, as your U.S. counsel, have examined such corporate records, certificates and other documents, and such questions of law, as we have considered necessary or appropriate for the purposes of this opinion.

 

Upon the basis of such examination, we advise you that, in our opinion, when the combined Registration Statement on Form F-10 and Form S-4 (the “Registration Statement”) has become effective under the Act, when the terms of the New Notes and the New Guarantees and of their issuance and exchange have been duly established in conformity with the Indenture so as not to violate any applicable law or result in a default under or breach of any agreement or instrument binding upon the Company or the Guarantors and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company or the Guarantors, when the New Notes and New Guarantees have been duly executed and delivered by the Company or the Guarantors, as applicable, and have been authenticated by the Trustee in conformity with the Indenture, and when the New Notes and New Guarantees have been duly issued and exchanged as contemplated in the Registration

 



 

Statement, (i) the New Notes will constitute valid and legally binding obligations of the Company and (ii) the New Guarantees will constitute valid and legally binding obligations of the respective Guarantors, subject, in each case, to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

 

In rendering the foregoing opinion, we are expressing no opinion as to Federal or state laws relating to fraudulent transfers.

 

The foregoing opinion is limited to the Federal laws of the United States, the laws of the State of New York and the General Corporation Law of the State of Delaware, and we are expressing no opinion as to the effect of the laws of any other jurisdiction.  In rendering the foregoing opinion we have, with your approval, assumed that (i) the Company has been duly formed and is validly existing under the laws of Ontario, (ii) each Guarantor listed on Annex B (a “non-Delaware Guarantor”) has been duly formed and is validly existing under the laws of its respective jurisdiction of incorporation or formation, (iii) the Indenture has been duly authorized, executed and delivered by the Company insofar as the laws of Ontario and the Federal laws of Canada are concerned, (iv) the Indenture has been duly authorized, executed and delivered by each non-Delaware Guarantor insofar as the laws of its respective jurisdiction of incorporation or formation are concerned, (v) the New Notes have been duly authorized, executed, issued and delivered by the Company insofar as the laws of Ontario and the Federal laws of Canada are concerned, (vi) the New Guarantees have been duly authorized, executed and delivered by each non-Delaware Guarantor insofar as the laws of its respective jurisdiction of incorporation or formation are concerned and (vii) the provisions of the New Notes, the New Guarantees and the Indenture designating the law of the State of New York as the governing law for the New Notes, the New Guarantees and the Indenture are valid and binding upon the Company and each non-Delaware Guarantor insofar as the laws of its respective jurisdiction of incorporation or formation are concerned.  We note that with respect to all matters of local law of the jurisdictions listed on Annex C hereto, you are relying upon the opinions of the respective counsel named in Annex C hereto, all of which are also filed as exhibits to the Registration Statement.

 

Also, we have relied as to certain factual matters on information obtained from public officials, officers of the Company and other sources believed by us to be responsible, and we have assumed that the Indenture has been duly authorized, executed and delivered by the Trustee thereunder, an assumption which we have not independently verified.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the references to us under the heading “Validity of Notes

 

2



 

and Guarantees” in the Prospectus.  In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act.

 

 

Very truly yours,

 

 

 

 

 

/s/ SULLIVAN & CROMWELL LLP

 

3



 

Annex A

 

Guarantors

 

Aurelian Resources Inc.

Red Back Mining Mauritania No. 2 Limited

Red Back Mining Inc.

BGO (Bermuda) Ltd.

Kinross Brasil Mineraçao S.A.

Crown Resources Corporation

Fairbanks Gold Mining, Inc.

Melba Creek Mining, Inc.

Compañía Minera Mantos de Oro

Compañía Minera Maricunga

Round Mountain Gold Corporation

 

4



 

Annex B

 

Non-Delaware Guarantors

 

Aurelian Resources Inc.

Red Back Mining Mauritania No. 2 Limited

Red Back Mining Inc.

BGO (Bermuda) Ltd.

Kinross Brasil Mineraçao S.A.

Crown Resources Corporation

Melba Creek Mining, Inc.

Compañía Minera Mantos de Oro

Compañía Minera Maricunga

 

5



 

Annex C

 

Local Counsel Opinions

 

Counsel

Jurisdiction

Osler, Hoskin & Harcourt LLP

Canada and Ontario

Blake, Cassels & Graydon LLP

British Columbia

Conyers Dill & Pearman Limited

Bermuda

Veirano Advogados

Federative Republic of Brazil

Perkins Coie LLP

Alaska and Washington

Carey y Cia

Republic of Chile

 

6




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘F-10’ Filing    Date    Other Filings
Filed on:11/12/14F-X
8/22/116-K
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Filing Submission 0001047469-14-009113   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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