Agnico steps closer to owning large Finland gold land package after Rupert Resources takeover
TSX-listed Rupert Resources says its shareholders approved the takeover of its full share capital by Canada's largest mining company Agnico Eagle Mines in a deal valued at C$2.9-billion, or $2.12-billion.
Each share will be exchanged for 0.0401 of a common share of Agnico and a contingent consideration of up to C$3 in the form of a contingent value right.
Rupert is a gold exploration and development company focused on advancing the Ikkari project in the Central Lapland Greenstone Belt of Northern Finland.
Agnico is pursuing three seperate deals with Rupert, Aurion Resources and B2Gold to gain full control of a large land package in the Central Lapland Greenstone Belt, building a multi-asset platform anchored by Agnico's Kittilä mine and the Ikkari gold project.
Agnico's takeover of Aurion is valued at C$481-million in cash, while the B2Gold transaction involves acquiring its 70% stake in the Fingold joint venture for $325-million, which, combined with Aurion's 30% holding, will give Agnico full ownership of the asset and eliminate overlapping ownership structures across the district.
The arrangement between Agnico and Rupert remains subject to approval by the Supreme Court of British Columbia in a hearing scheduled on June 11.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















