TMAC Resources Inc. is pleased to announce today that it has concluded the previously announced plan of arrangement pursuant to which Agnico Eagle Mines Ltd. has acquired all of the issued and outstanding common shares of the Company. TMAC is now a wholly-owned subsidiary of Agnico Eagle. As a result of the Transaction, the Common Shares are [...]
TMAC Resources announces that it has received an amended final order from the Ontario Superior Court of Justice approving the acquisition of TMAC by Agnico Eagle Mines as the substituted purchaser under the previously approved plan of arrangement. As previously announced, the Transaction provides for the acquisition by Agnico Eagle of all the [...]
TMAC Resources Inc. is pleased to update the market on its transaction with Agnico Eagle Mines Ltd. and provide notice to its shareholders of the hearing scheduled to consider the Agnico Final Order. As announced on January 5, 2021, TMAC and Agnico Eagle agreed that Agnico Eagle will acquire all of the issued and outstanding common shares of TMAC [...]
Agnico Eagle Mines Ltd. and TMAC Resources Inc. announced today that they have entered into agreements pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of TMAC at a price of C$2.20 per share in cash, which represents an increase of C$0.45 per share as compared to the offer price of C$1.75 offered by Shandong [...]
TMAC Resources Inc. has been informed that the Governor in Council has issued an order under the Investment Canada Act directing Shandong Gold Mining Co., Ltd. and its affiliate not to implement the plan of arrangement. As a result, the Transaction between TMAC and Shandong will not proceed. TMAC and Shandong are in discussions regarding [...]
TMAC Resources Inc. announces that the national security review under the Investment Canada Act of the plan of arrangement with Shandong Gold Mining Co., Ltd. and its affiliate has been extended for a further period of up to 45 days. The Transaction was agreed and announced on May 8, 2020 and, as previously disclosed, the Transaction provides for [...]
TMAC Resources Inc. reports its financial results for the third quarter of 2020. All amounts are in Canadian dollars, unless otherwise indicated. THIRD QUARTER 2020 FINANCIAL HIGHLIGHTS Gold production and sales 18,420 ounces produced; 27,650 ounces sold Gross revenues $70.5 million Average realized gold price $2,549 per ounce Cash Costs US$901 per [...]
TMAC Resources Inc. held its annual general meeting of shareholders in Toronto today. Each of the nominee directors listed in TMAC’s management information circular dated September 8, 2020 was elected as per the vote by ballot below. Nominee Votes For % For Votes Withheld % Withheld Andrew B. Adams 85,041,887 98.4% 1,354,728 1.6% Leona Aglukkaq [...]
TMAC Resources Inc. announces receipt of notification that the federal Cabinet has ordered a national security review under the Investment Canada Act of the plan of arrangement with Shandong Gold Mining Co., Ltd. and its affiliate . The Transaction was agreed and announced on May 8, 2020. As previously disclosed, the Transaction provides for the [...]
TMAC Resources Inc. reports third quarter 2020 results for production and certain operating metrics. THIRD QUARTER 2020 PRODUCTION SUMMARY Production: 18,420 ounces of gold produced, and 21,200 ounces of gold poured Sales: 27,650 ounces of gold sold Mining: 670 tonnes per day, with a grade of 10.6 grams per tonne Au Processing: 1,630 tpd average on [...]
TMAC Resources Inc. was informed on September 28, 2020 that seven additional workers at its Hope Bay mine site have tested positive for the COVID-19 virus. TMAC is working hard to maintain the health and safety of its employees and contractors, their families and the community. Hope Bay continues to execute its Infectious Disease Control Plan and [...]
TMAC Resources Inc. was informed on September 19, 2020 that two camp services workers at its Hope Bay site have tested positive for the COVID-19 virus. TMAC values the health and safety of its employees and contractors, their families and the community. The mine site will continue to execute its Infectious Disease Control Plan, implemented on March [...]
