M&A and strong metal prices in the year ahead
Hope Bay project in Nunavut. (
With rising covid-19 infections, a new and more infectious variant of the virus, and a vaccination rollout slower than most would like, along with the sickening scenes from Washington, D.C. on January 6 that saw mobs inspired by U.S. President Donald Trump’s words launch an attack on Capitol Hill, it’s important to try to stay at least a little bit positive as the new year begins.
That’s why we’ll focus here on the good news: Agnico Eagle Mines’ decision to rescue TMAC Resources in an all-cash deal with an equity value of C$286.6 million ($226m) – 26% higher than an earlier bid from China’s state-owned Shandong Gold Mining, which was blocked in the final weeks of 2020 by the Canadian government under the national security provisions of the Investment Act of Canada.