M&A Deal Summary

Agnico Eagle Acquires O3 Mining

On December 12, 2024, Agnico Eagle acquired metals/mining company O3 Mining for 204M CAD

Acquisition Highlights
  • This is Agnico Eagle’s 9th transaction in the Metals/Mining sector.
  • This is Agnico Eagle’s 2nd largest (disclosed) transaction.
  • This is Agnico Eagle’s 10th transaction in Canada.
  • This is Agnico Eagle’s 6th transaction in Ontario.

M&A Deal Summary
Date 2024-12-12
Target O3 Mining
Sector Metals/Mining
Buyer(s) Agnico Eagle
Deal Type Add-on Acquisition
Deal Value 204M CAD
Advisor(s) Maxit Capital LP
Fort Capital Partners (Financial)
Bennett Jones
Cassels (Legal)

Target

O3 Mining

Toronto, Ontario, Canada
O3 Mining is a provider of exploration properties in prospective gold camps in Canada – focused on projects in Québec and Ontario. O3 Mining is well-capitalized and holds a 100% interest in a number of properties in Québec (435,000 hectares) and Ontario (25,000 hectares). O3 Mining controls 61,000 hectares in Val d'Or and over 50 kilometers of strike length of the Cadillac Larder break. O3 Mining is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Agnico Eagle

Toronto, Ontario, Canada
Category Company
Founded 1953
Sector Metals/Mining
Employees6,210
Revenue 6.6B USD (2023)
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 10 of 10
Sector (Metals/Mining) 9 of 9
Type (Add-on Acquisition) 9 of 9
State (Ontario) 6 of 6
Country (Canada) 10 of 10
Year (2024) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS 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.

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