Agnico Eagle COVID-19 and Operations Update
Transaction Overview
Transaction
Structure
Purchase Price
Debt
Financing
Other Terms and
Conditions
·
AGNICO EAGLE
Assignment of the Shandong Gold Mining Co. Ltd. transaction announced on
May 8, 2020
Will be completed by Plan of Arrangement
Shareholders will receive C$2.20 in cash for each TMAC share held
Transaction values TMAC at a fully diluted equity value of ~C$286.6M
Agnico Eagle will retire TMAC's outstanding debt (US$117M) and deferred
interest and fees payable
TMAC had C$71.5 million of cash on hand, as of September 30, 2020
Cash on hand and available liquidity
Resource Capital Funds, Newmont Corporation, Shandong and all directors
and officers of TMAC have entered into agreements to support the
Transaction
•
Ontario court approvals
Closing
Competition Act (Canada) approval (received on January 6, 2021)
Expected by February 8, 2021
CIBC 24th Annual Western Institutional Investor Conference 18View entire presentation