“Consistent with our regional strategy, this transaction is a tuck-in of the Marban deposit to our Canadian Malartic complex,” Agnico president and CEO Ammar Al-Joundi said in a release on Thursday. “The Marban deposit is expected to be complementary to other ‘Fill-the-Mill’ opportunities at Canadian Malartic, further improving the production profile at a long-life world class asset.”
José Vizquerra, president and CEO of O3, said the 57% premium in the cash offer for O3 validates the company’s efforts.
“Having diligently advanced the Marban Alliance project over the past five years, the timing is right for O3 Mining to sell to a more experienced operator that can efficiently navigate the project through permitting and construction,” he said.
“Agnico Eagle is the gold standard in the precious metals space – it not only has the financial strength and the mining expertise to advance the Marban…
