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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