Agnico Eagle Mines Ltd. - $AEM STOCK NEWS

Agnico Eagle Mines announced the renewal of its normal course issuer bid (NCIB), allowing the purchase and cancellation of up to 24,961,914 common shares or $500,000,000 worth of shares. Daily purchases are to 339,107 shares, with the bid ending on May 3, 2025. The NCIB will be funded using existing cash resources and will be conducted on the TSX and NYSE. Agnico Eagle aims to generate value for shareholders through this program.

Agnico Eagle Mines (NYSE: AEM) announced the election of directors at its annual and special meeting of shareholders. All eleven candidates listed in the management information circular were duly elected. The detailed results of the vote show high percentages of votes for each candidate, demonstrating strong shareholder support.

Agnico Eagle Mines (AEM) reported strong first-quarter 2024 results with record quarterly gold production and cost performance driving record quarterly free cash flow. The company achieved 878,652 ounces of payable gold production at production costs per ounce of $892, total cash costs per ounce of $901, and all-in sustaining costs (AISC) per ounce of $1,190. Quarterly net income was $347.2 million or $0.70 per share, with adjusted net income of $377.5 million or $0.76 per share. The company increased its cash position by $186 million, reduced net debt, and had an upgraded issuer rating to Baa1 from Moody's. Agnico Eagle reaffirmed its 2024 gold production guidance of 3.35 to 3.55 million ounces with total cash costs per ounce and AISC per ounce remaining unchanged. The company also provided updates on key value drivers and pipeline projects, including positive exploration results at Odyssey mine, continued mill improvement at Detour Lake, and strong drilling results at Hope Bay. The 2023 Sustainability Report highlighted the company's commitment to ESG performance, safety, and climate resilience. Shareholder returns were emphasized with a declared quarterly dividend of $0.40 per share and common share repurchases. The company will host a conference call on April 26, 2024, to discuss the results, along with its Annual and Special Meeting of Shareholders on the same day.

Capella Minerals extends the long-stop date for asset sale agreement with Polar Transition Minerals AS, allowing for an IPO on Euronext Growth. The revised terms include an extension to July 7, 2024, and a minor adjustment in consideration received from Polar.

Capella Minerals announces Property Acquisition Agreement with Prospector Metals Corp. for Savant Gold Project. Prospector to acquire 100% interest in the project, with Capella retaining a 1% Net Smelter Royalty. Eric Roth, Capella's President, highlights the strategic move to focus on Scandinavian projects.

Agnico Eagle Mines (AEM) announced the release of its first quarter 2024 results on April 25, 2024, followed by the Annual and Special Meeting of Shareholders on April 26, 2024. The Company will host a conference call on April 26, 2024, to discuss financial and operating results, with various participation options available. The AGM will be held in a hybrid format, allowing both in-person and online participation.

Agnico Eagle Mines Limited (AEM) acquires 5,750,000 common shares of Prism Resources Inc. from Trevali Mining Corporation at C$0.0174 per share, totaling C$100,000. Prism holds a 7.5% Net Profit Interest royalty on Agnico Eagle's Detour Lake mine property. Agnico Eagle now owns 11.07% of Prism's outstanding shares.

Agnico Eagle Mines Limited (AEM) provides an update on year-end 2023 mineral reserves and resources, exploration activities, and plans for 2024. Key highlights include a record level of gold mineral reserves, successful exploration results at Detour Lake, Odyssey, and Hope Bay, and a steady funding commitment for exploration efforts in 2024.

Agnico Eagle Mines Limited (AEM) reported strong financial and operational results for Q4 and full year 2023, achieving record gold production and stable costs. The company's safety performance, mineral reserves, and production outlook remain robust, with strategic initiatives underway to optimize operations. Despite a quarterly net loss, Agnico Eagle generated significant cash flow and declared a quarterly dividend.