M&A Deal Summary

Agnico Eagle Acquires Candelaria

On September 1, 2021, Agnico Eagle acquired metals/mining company Candelaria for 6M USD

Acquisition Highlights
  • This is Agnico Eagle’s 7th transaction in the Metals/Mining sector.
  • This is Agnico Eagle’s 5th largest (disclosed) transaction.
  • This is Agnico Eagle’s 8th transaction in Canada.
  • This is Agnico Eagle’s 3rd transaction in British Columbia.

M&A Deal Summary

Date 2021-09-01
Target Candelaria
Sector Metals/Mining
Buyer(s) Agnico Eagle
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

Candelaria

Vancouver, British Columbia, Canada
website
Candelaria is a gold development and exploration company with significant upside in a portfolio of projects in Mexico. Candelaria is advancing its flagship project, Caballo Blanco, through technical studies with the goal of bringing the project to production. Candelaria was founded in 2012 and is based in Vancouver, Canada.

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Buyer(S) 1

Buyer

Agnico Eagle

Toronto, Ontario, Canada

website


Category Company
Founded 1953
Sector Metals/Mining
Employees6,210
Revenue 3.8B USD (2021)
DESCRIPTION

Agnico Eagle is a gold producer, with mines and exploration company. Agnico Eagle was founded in 1953 and is based in Toronto, Canada.


DEAL STATS #
Overall 8 of 9
Sector (Metals/Mining) 7 of 8
Type (Add-on Acquisition) 8 of 8
State (British Columbia) 3 of 3
Country (Canada) 8 of 9
Year (2021) 2 of 3
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 TMAC Resources

Toronto, Ontario, Canada

TMAC Resources, Inc. is a gold mining company. TMAC began producing gold in early 2017 from Doris, its first mine at Hope Bay, and processed gold at the Doris processing plant which originally had nameplate capacity of 1,000 tpd and expanded to 2,000 tpd midway through 2018. TMAC Resources was formed in 2012 and is based in Toronto, Ontario.

Buy $287M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Kirkland Lake Gold

Toronto, Ontario, Canada

Kirkland Lake Gold is a senior gold producer operating in Canada and Australia that is targeting 1,300,000–1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district-scale exploration potential, supported by a strong financial position with extensive management expertise. Kirkland Lake Gold was founded in 1983 and is based in Toronto, Canada.

Buy -