AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN MAPLE GOLD MINES LTD.

Rhea-AI Summary

Agnico Eagle (NYSE: AEM) acquired 662,780 common shares of Maple Gold Mines (TSXV: MGM) at C$2.45 per share for total consideration of C$1,623,811 on Feb 17, 2026. Following the purchases, Agnico Eagle holds 8,716,825 Common Shares and 586,619 warrants, representing ~12.98% non-diluted and ~13.73% partially-diluted ownership.

The company cites a strategy of building strategic positions in prospects with high geological potential and retains investor rights to participate in financings or increase ownership up to 19.9% and limited board nomination rights.

Positive

• Acquired 662,780 Maple Gold shares at C$2.45 each
• Increased stake to 8,716,825 shares representing ~12.98% non-diluted
• Maintains investor rights to participate in financings and up to 19.9% ownership

Negative

• Paid C$1,623,811 cash consideration for the share purchases
• Prior dilutive issuances reduced ownership from ~15.38% to ~12.90% before purchase

Key Figures

Maple shares acquired: 662,780 shares Purchase price: C$2.45 per share Total consideration: C$1,623,811 +5 more

8 metrics

Maple shares acquired 662,780 shares Common Shares of Maple Gold Mines purchased in this transaction

Purchase price C$2.45 per share Price paid per Maple Gold Mines Common Share

Total consideration C$1,623,811 Aggregate cost of Maple Gold Mines share purchases

Current Maple shares held 8,716,825 shares Total Maple Gold Mines Common Shares owned after the purchase

Maple warrants held 586,619 warrants Common share purchase warrants of Maple held by Agnico Eagle

Ownership non‑diluted 12.98% Post‑transaction Maple ownership on a non‑diluted basis

Ownership partially‑diluted 13.73% Post‑transaction Maple ownership assuming exercise of warrants

Max ownership right 19.9% Ceiling under investor rights agreement to increase Maple stake

Market Reality Check

Price: $212.96 Vol: Volume 2,208,028 vs 20-da...

low vol

$212.96 Last Close

Volume Volume 2,208,028 vs 20-day average 3,264,265 (relative volume 0.68x). low

Technical Price 212.96 is trading above 200-day MA at 152.88, and about 5.35% below the 52-week high of 225.

Peers on Argus

AEM fell 1.68% while key gold peers like NEM, WPM, FNV and KGC were all modestly...

AEM fell 1.68% while key gold peers like NEM, WPM, FNV and KGC were all modestly positive (gains from 0.43% to 2.19%), pointing to a stock-specific move rather than a sector-wide decline.

Historical Context

5 past events · Latest: Feb 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 12	Exploration update	Positive	-5.5%	Reported higher 2025 reserves and resources plus 2026 exploration budget.
Feb 12	Earnings & guidance	Positive	-5.5%	Record 2025 free cash flow, higher dividend and updated multi‑year guidance.
Jan 28	Asset sale	Positive	+3.2%	Agreed to sell remaining Barsele interest for cash, shares and royalty.
Jan 08	Earnings notice	Neutral	+2.4%	Announced timing and access details for Q4 and full‑year 2025 results.
Dec 16	Equity investment	Positive	+0.6%	Added to Osisko Metals position via private placement with rights agreement.

Pattern Detected

Recent history shows strong fundamental updates on Feb 12, 2026 coinciding with a selloff, while portfolio transactions and strategic equity stakes have often aligned with positive or modestly positive price reactions.

Recent Company History

Over the last few months, Agnico Eagle reported record 2025 free cash flow and shareholder returns and outlined higher mineral reserves and resources on Feb 12, 2026, yet the stock fell about 5.52%. The company has also been actively managing its portfolio, selling its remaining 55% interest in the Barsele project to Goldsky and increasing ownership in Osisko Metals. Today’s additional investment in Maple Gold fits this pattern of strategic minority stakes alongside portfolio optimization and exploration-driven growth.

Market Pulse Summary

This announcement details Agnico Eagle’s additional investment in Maple Gold Mines, adding 662,780 s...

Analysis

This announcement details Agnico Eagle’s additional investment in Maple Gold Mines, adding 662,780 shares at C$2.45 each and bringing its stake to 12.98% non‑diluted and 13.73% partially‑diluted. The investor rights agreement grants participation in future financings and potential board‑nomination rights, echoing similar structures in prior junior investments. Investors may monitor changes in this ownership level, use of such rights, and how this position complements Agnico Eagle’s broader exploration and portfolio strategy.

Key Terms

flow-through common shares, common share purchase warrants, early warning report, non-diluted, +2 more

6 terms

flow-through common shares financial

"offering of flow-through Common Shares undertaken by Maple immediately prior"

Flow-through common shares are a type of equity, most often used in resource exploration, that let a company pass its tax-deductible exploration or development expenses to shareholders so those investors can claim the tax benefits on their personal returns. For investors, they act like a bundle of stock plus a tax break: you gain ownership exposure to the company’s upside while receiving immediate tax deductions that can reduce your taxable income, which affects after-tax returns and the effective cost of the investment.

common share purchase warrants financial

"owned Common Shares and common share purchase warrants (each, a "Warrant")"

A common share purchase warrant is a tradable right that lets its holder buy a company’s ordinary shares at a fixed price for a set period, like a coupon that can be redeemed later to buy stock at a predetermined rate. Investors care because warrants offer leverage on future upside—they can magnify gains if the share price rises above the set price—but they can also dilute existing shareholders if used, and they expire worthless if unused.

early warning report regulatory

"On September 9, 2025, Agnico Eagle filed an early warning report disclosing"

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

non-diluted financial

"representing approximately 15.38% and 16.32% of the then issued and outstanding Common Shares on a non-diluted"

Non-diluted describes a measure—such as earnings per share or share count—that is calculated using only the company’s current outstanding shares, not including potential extra shares from stock options, convertible securities, or warrants. It matters to investors because it shows ownership and profit per share as if no future claims will increase the number of shares; think of it as the size of each pizza slice today before any extra slices are added later.

partially-diluted financial

"issued and outstanding Common Shares on a non-diluted and partially-diluted basis, respectively"

Partially-diluted describes a company’s share count that adds some — but not all — potential new shares to the current outstanding shares, usually including items likely to convert soon such as vested stock options, restricted stock units, and in‑the‑money convertible securities. For investors, it gives a more realistic picture of ownership percentages and per‑share metrics (like earnings or value per share) than raw shares alone, like estimating party size by counting guests who have already RSVP’d plus those very likely to attend.

investor rights agreement financial

"Agnico Eagle and Maple are party to an investor rights agreement dated October 13, 2020"

A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.

AI-generated analysis. Not financial advice.

Stock Symbol:  AEM (NYSE and TSX)

TORONTO, Feb. 17, 2026 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has acquired 662,780 common shares ("Common Shares") of Maple Gold Mines Ltd. (TSXV: MGM) ("Maple") at C$2.45 per Common Share (the "Share Purchases") for total consideration of C$1,623,811 from several sellers that participated in an offering of flow-through Common Shares undertaken by Maple immediately prior to the Share Purchases.

On September 9, 2025, Agnico Eagle filed an early warning report disclosing that it owned Common Shares and common share purchase warrants (each, a "Warrant") representing approximately 15.38% and 16.32% of the then issued and outstanding Common Shares on a non-diluted and partially-diluted basis, respectively. Thereafter, Maple completed certain dilutive securities issuances which reduced Agnico Eagle's ownership interest, immediately prior to the Share Purchases, to approximately 12.90% and 13.71% on a non-diluted and partially-diluted basis, respectively. Following the Share Purchases, Agnico Eagle owns 8,716,825 Common Shares and 586,619 Warrants, representing approximately 12.98% of the issued and outstanding Common Shares on a non-diluted basis and 13.73% of the issued and outstanding Common Shares on a partially-diluted basis, assuming exercise of the Warrants held by Agnico Eagle and after giving effect to all other security issuances completed by Maple concurrently with the Share Purchases.

Agnico Eagle and Maple are party to an investor rights agreement dated October 13, 2020, pursuant to which Agnico Eagle is entitled to certain rights, provided Agnico Eagle maintains certain ownership thresholds in Maple, including: (a) the right to participate in equity financings in order to maintain its pro rata ownership in Maple at the time of such financing or acquire up to a 19.9% ownership interest in Maple; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of Maple to eight or more directors, two persons) to the board of directors of Maple.

Agnico Eagle acquired the Common Shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Maple, or dispose of some or all of the Common Shares or other securities of Maple that it owns at such time.

An amended early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

Agnico Eagle Mines Limited
c/o Investor Relations
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com

Agnico Eagle's head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Maple's head office is located at 1111 West Hastings Street, 6^th Floor, Vancouver, British Columbia V6E 2J3.

About Agnico Eagle

Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Forward-Looking Statements

The information in this news release has been prepared as at February 17, 2026. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "may", "will" or similar terms.

Forward-looking statements in this news release include, without limitation, statements relating to Agnico Eagle's acquisition or disposition of securities of Maple in the future.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

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SOURCE Agnico Eagle Mines Limited

FAQ

How many Maple Gold shares did Agnico Eagle (AEM) buy on Feb 17, 2026?

Agnico Eagle purchased 662,780 common shares at C$2.45 per share on Feb 17, 2026. According to the company, total consideration for the Share Purchases was C$1,623,811, acquired from sellers in a Maple flow-through offering.

What is Agnico Eagle's (AEM) ownership stake in Maple Gold after the Feb 17, 2026 purchase?

After the purchase, Agnico Eagle owns 8,716,825 Common Shares and 586,619 warrants, equal to ~12.98% non-diluted ownership. According to the company, that equals ~13.73% on a partially-diluted basis assuming warrant exercise.

Does Agnico Eagle (AEM) have rights to buy more Maple Gold (MGM) shares?

Yes. According to the company, under an investor rights agreement Agnico Eagle can participate in equity financings to maintain pro rata ownership or acquire up to a 19.9% interest in Maple Gold.

Will Agnico Eagle (AEM) nominate directors to Maple Gold's board after the Feb 17, 2026 purchase?

Agnico Eagle has the right to nominate one director (two if board increases to eight or more). According to the company, it has no present intention to exercise that nomination right.

Why did Agnico Eagle (AEM) buy additional Maple Gold shares on Feb 17, 2026?

Agnico Eagle said the purchases form part of a strategy to build strategic positions in projects with high geological potential. According to the company, future buys or disposals will depend on market conditions and priorities.