Agnico Eagle Mines, a Candaian gold mining firm, completed the acquisition of TMAC Resources, an explorer and miner of gold, for $225m. "Our employees showed great focus that delivered outstanding results. The Nunavut communities showed great patience. Sprott Lending provided accommodation and support. The acquisition being completed by Agnico Eagle is a great outcome for all stakeholders. Agnico Eagle is one of the strongest gold producers internationally, a Canadian champion and has been operating in Nunavut for more than a decade with a great track record with communities, employees and the environment," Jason Neal, TMAC President and Chief Executive Officer. On December 22, 2020 the government of Canada rejects Shandong Gold's acquisition of TMAC. Governor in Council issued an order under the Investment Canada Act directing Shandong Gold Mining not to implement the plan of arrangement.