Gold Corp. has tapped Reevemark to develop a comprehensive communications program that supports its legal strategy.
Owned by the Government of Western Australia, Gold Corp. operates the Perth Mint and markets Australian nugget, platinum, silver, coins and jewelry.
On Aug. 30, the Australian Transaction Reports and Analysis Centre ordered an audit of Gold Corp's. compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
Reevemark may respond to US media inquiries and distribute press releases on behalf of its client.
That activity will be coordinated with Gold Corp.'s outside counsel, Davis Wright Tremaine LLP.
Beginning Sept. 1, Reevemark's initial compensation payable in advance is set at $150,000, against which it will accumulate time charges at current hourly billing rates.
When the actual time charges hit the $125K mark, Reevemark will notify Gold Corp. and issue an invoice for an additional non-refundable fee of $100,000.
Reevemark founding partners Paul Caminiti and Delia Cannan bill at the $1,050 hourly rate. Senior associate Jessica Engle bills at a $500 rate, associate David Roberts charges $375 per hour.