AGNICO EAGLE UPDATES EARLY WARNING REPORT IN RESPECT OF PRISM RESOURCES INC.

Agnico Eagle (NYSE: AEM) signed a royalty purchase agreement with Prism Resources to acquire Prism's 7.5% net profit interest royalty over certain Agnico Eagle-owned properties in Ontario for $5 million in cash.

Rhea-AI Summary

Agnico Eagle (NYSE: AEM) signed a royalty purchase agreement with Prism Resources to acquire Prism's 7.5% net profit interest royalty over certain Agnico Eagle-owned properties in Ontario for $5 million in cash.

The deal, expected to close in Q3 2026, is subject to Prism shareholder approval and TSX Venture Exchange acceptance. Agnico Eagle's stake in Prism remains at 5,750,000 shares (11.07%) before and after the agreement.

The transaction is expected to involve a material amount of Prism's assets and may lead to a material change in Prism's business.

Positive

• Agrees to buy 7.5% net profit royalty over Ontario properties for $5 million
• Maintains 5,750,000 Prism shares, representing 11.07% ownership, with optionality to adjust

Negative

• Closing depends on Prism shareholder approval and TSX Venture Exchange acceptance
• Transaction may significantly alter Prism's asset base and business profile

Argus Jun 4 session

+2.97% close to close Open Argus

Details

News Market Reaction – AEM

On Jun 4, the day this news came out, AEM closed 2.97% above the previous close.

Data tracked by StockTitan Argus for the Jun 4 session.

Key Figures

Royalty purchase price: $5,000,000 Royalty rate: 7.5% Prism shareholding: 5,750,000 shares +2 more

Royalty purchase price

$5,000,000

Cash consideration for 7.5% net profit interest royalty

Royalty rate

7.5%

Net profit interest royalty over certain Porcupine District properties

Prism shareholding

5,750,000 shares

Agnico Eagle ownership in Prism before and after agreement

Ownership stake

11.07%

Agnico Eagle’s non-diluted ownership of Prism common shares

Expected closing

Q3 2026

Targeted closing period for the royalty transaction

Historical Context

5 past events · Latest: May 28

5 events

1. May 28

   Rupert deal support

   24h Move

   +1.8%

   Proxy advisors backed the Rupert acquisition terms involving AEM share consideration.

2. May 20

   Wallbridge investment

   24h Move

   +2.5%

   Announced C$22.44M private placement to lift Wallbridge ownership toward 19.62%.

3. May 19

   Hope Bay approval

   24h Move

   -3.2%

   Approved large Hope Bay project with strong IRR and NPV at higher gold prices.

4. May 13

   Rupert results & deal

   24h Move

   -1.7%

   Outlined Rupert’s Q1 loss alongside details of AEM’s planned acquisition terms.

5. May 13

   Sector valuation note

   24h Move

   -0.6%

   Sector commentary on rising undeveloped gold asset valuations highlighting a peer.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net profit interest royalty, early warning report, tsx venture exchange

3 terms

net profit interest royalty financial

"in and to a 7.5% net profit interest royalty (the "Royalty") over certain properties"

A net profit interest royalty is a right to receive a portion of a project’s or asset’s profits after the operator deducts specified production and operating costs. Think of it like getting a slice of a restaurant’s profits only after bills and wages are paid—payments can be small or large depending on production levels and how high the allowed expenses are, so investors track both revenue and cost trends to judge the royalty’s future cash flow potential.

early warning report regulatory

"announced today that it has updated its early warning report in respect of Prism"

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.

tsx venture exchange regulatory

"including approval by Prism's shareholders and receipt of acceptance of the TSX Venture Exchange"

A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Stock Symbol: AEM (NYSE and TSX)

TORONTO, June 4, 2026 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has updated its early warning report in respect of Prism Resources Inc. ("Prism") in connection with Agnico Eagle entering into a royalty purchase agreement (the "Royalty Purchase Agreement") with Prism, pursuant to which Agnico Eagle has agreed to purchase Prism's right, title and interest in and to a 7.5% net profit interest royalty (the "Royalty") over certain properties in the Porcupine Mining District of Ontario owned by Agnico Eagle in exchange for $5,000,000 in cash (the "Transaction").

The Transaction is subject to a number of customary closing conditions, including approval by Prism's shareholders and receipt of acceptance of the TSX Venture Exchange. Subject to satisfaction of the closing conditions, the Transaction is expected to close in the third quarter of 2026.

Agnico Eagle is not acquiring any common shares ("Common Shares") or other securities in the capital of Prism in connection with the Transaction. Immediately before and after the execution and delivery of the Royalty Purchase Agreement, Agnico Eagle owned 5,750,000 Common Shares, representing approximately 11.07% of the issued and outstanding Common Shares on a non-diluted basis.

The Transaction is expected to result in the sale or transfer of a material amount Prism's assets and may result in a material change in Prism's business. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Prism or dispose of some or all of the Common Shares or other securities of Prism that it owns at such time.

An 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:

Investor Relations
Agnico Eagle Mines Limited
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. Prism's head office is located at Suite 1500 – 1055 West Georgia Street, Vancouver, British Columbia, V6E 4N7.

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. Agnico Eagle 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 June 4, 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 proposed acquisition of the Royalty and Agnico Eagle's acquisition or disposition of securities of Prism 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-updates-early-warning-report-in-respect-of-prism-resources-inc-302791578.html

SOURCE Agnico Eagle Mines Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What royalty is Agnico Eagle (AEM) buying from Prism Resources in June 2026?

Agnico Eagle is buying Prism's 7.5% net profit interest royalty over certain Agnico Eagle-owned Ontario properties. According to Agnico Eagle, the consideration is $5 million in cash under a royalty purchase agreement.

How much is Agnico Eagle paying Prism Resources for the royalty transaction?

Agnico Eagle agreed to pay Prism Resources $5 million in cash for the royalty. According to Agnico Eagle, this payment secures Prism's full right, title and interest in the 7.5% net profit interest royalty over specified Ontario properties.

When is the Agnico Eagle (AEM) and Prism Resources royalty deal expected to close?

The royalty purchase transaction is expected to close in the third quarter of 2026. According to Agnico Eagle, closing depends on customary conditions, including Prism shareholder approval and acceptance from the TSX Venture Exchange.

Does the Prism royalty transaction change Agnico Eagle's equity stake in Prism Resources?

The transaction does not change Agnico Eagle's ownership of Prism common shares at signing. According to Agnico Eagle, it owns 5,750,000 Prism shares, representing about 11.07% of outstanding shares, both before and after the agreement.

Why did Agnico Eagle file an early warning report related to Prism Resources (AEM)?

Agnico Eagle updated its early warning report because the royalty deal may involve a material amount of Prism's assets. According to Agnico Eagle, such a transaction can result in a material change in Prism's business, triggering early warning disclosure requirements.

Could Agnico Eagle buy or sell more Prism Resources shares after this royalty deal?

Agnico Eagle may buy additional Prism shares or sell some or all of its current holdings over time. According to Agnico Eagle, any such decisions will depend on market conditions and other factors it considers relevant.