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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.
Focus on the positive: M&A and strong metal prices in the year ahead northernminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernminer.com Daily Mail and Mail on Sunday newspapers.