M&A Deal Summary

Agnico Eagle Acquires TMAC Resources

On January 5, 2021, Agnico Eagle acquired metals/mining company TMAC Resources for 287M USD

Acquisition Highlights
  • This is Agnico Eagle’s 6th transaction in the Metals/Mining sector.
  • This is Agnico Eagle’s largest (disclosed) transaction.
  • This is Agnico Eagle’s 7th transaction in Canada.
  • This is Agnico Eagle’s 4th transaction in Ontario.

M&A Deal Summary
Date 2021-01-05
Target TMAC Resources
Sector Metals/Mining
Buyer(s) Agnico Eagle
Deal Type Add-on Acquisition
Deal Value 287M USD
Advisor(s) BMO Capital Markets
CIBC Capital Markets (Financial)
Cassels (Legal)

Target

TMAC Resources

Toronto, Ontario, Canada
website
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.

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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 7 of 9
Sector (Metals/Mining) 6 of 8
Type (Add-on Acquisition) 7 of 8
State (Ontario) 4 of 5
Country (Canada) 7 of 9
Year (2021) 1 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Rupert Resources

Toronto, Ontario, Canada

Rupert Resources is a gold exploration and development company. Rupert Resources is based in Toronto, Ontario.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Candelaria

Vancouver, British Columbia, Canada

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.

Buy $6M
Mergr

Product

Company

Legal