Agnico Eagle's Hope Bay mine deal tops metals transactions in week ended Jan. 8

Among the top five mergers and acquisitions in the metals and mining industry for the week ended Jan. 8, a gold deal involving Arctic assets emerged as the highest-valued transaction, according to a screener on S&P Global Market Intelligence's online platform.

Gold miner Agnico Eagle Mines Ltd. agreed to buy TMAC Resources Inc. in a transaction valued at $303.8 million. The deal will grow the company's footprint in northern Canada with the acquisition of TMAC Resources' Hope Bay gold mine.

Agnico plans to undertake additional exploration at Hope Bay ahead of expanding production while considering options for a bigger processing facility.

In the steel sector, Wardha Steel Holdings Pte. Ltd. completed its acquisition of Uttam Value Steel Ltd. and Uttam Galva Metallics Ltd. in a $273.7 million transaction.

MegumaGold Corp. signed a definitive agreement with Canadian GoldCamps Corp. to acquire the bulk of the latter's exploration assets in a deal valued at $6.0 million.

Also in the gold sector, Calipuy Resources Inc. said it agreed to buy the Lucero project in Peru from Condor Resources Inc. in a transaction valued at up to $6.0 million, subject to increases in the gold price.

Rounding out the top five metals deals of the week, Orea Mining Corp. said it signed a binding letter of intent to acquire 13 gold mining claims from a private Colombian company in a $4.5 million deal. The land package is split into three blocks, and an ore processing plant is under construction at the site.