Agnico Eagle Mines Acquires TMAC Resources

January 5, 2021

Agnico Eagle Mines Limited agreed to acquire all outstanding common shares of TMAC Resources Inc. for C$2.20 per share, in a deal valuing the company at approximately C$286.6 million. The transaction, structured as a Plan of Arrangement, transfers control of TMAC’s Hope Bay gold assets to Agnico Eagle and includes the retirement of TMAC’s outstanding debt, with closing subject to customary regulatory and court approvals.

Buyers
Agnico Eagle Mines Limited
Targets
TMAC Resources Inc.
Sellers
TMAC Resources shareholders, Shandong Gold Mining (HongKong) Co., Limited / Streamers Gold Mining Corporation Limited, Resource Capital Funds, Newmont Corporation, TMAC directors and officers
Industry
Energy
Location
Ontario, Canada
Transaction Type
Buyout

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