Agnico Eagle Min Stock Price, News & Analysis

Agnico Eagle Mines (NYSE: AEM) has announced a significant investment in Foran Mining Corporation, agreeing to subscribe for 30 million voting common shares at C$3.00 per share, totaling C$90 million through a non-brokered private placement. The investment will occur in two tranches, with the first expected to close around May 28, 2025. Upon completion, Agnico Eagle's ownership in Foran will increase from 9.9% to approximately 13.5%. The agreement includes enhanced investor rights, including increased participation in equity financings and additional board nomination rights. Separately, Agnico Eagle disclosed a previous investment in Azimut Exploration, where it acquired 2,197,300 shares at C$1.05 per share in September 2023, increasing its ownership to 12%.

Agnico Eagle Mines (NYSE: AEM) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 25,174,240 common shares (5% of outstanding shares) or shares worth up to $1 billion between May 4, 2025, and May 3, 2026. Based on the April 28, 2025 closing price of $119.02, approximately 8,401,949 shares (1.67% of outstanding) would be purchasable.

Daily purchases will be limited to 248,879 shares on the TSX. The buyback will be funded through existing cash resources, and purchased shares will be cancelled. Under the previous NCIB, Agnico Eagle purchased 1,862,133 shares at an average price of $80.56.

The company has established an automatic share purchase plan starting May 7, 2025, to facilitate purchases during blackout periods.

Agnico Eagle Mines (NYSE: AEM) (TSX: AEM) held its annual and special meeting of shareholders on April 25, 2025, where eleven directors were elected to the board. All nominated candidates received strong shareholder approval, with voting percentages ranging from 95.01% to 99.51% in favor.

Notable results include Jonathan Gill and Elizabeth Lewis-Gray receiving the highest approval rates at 99.51%, while Sean Boyd received the lowest, though still strong, approval at 95.01%. The election featured a diverse board including Ammar Al-Joundi (98.54% approval), Leona Aglukkaq (97.98%), and Martine A. Celej (98.16%).

Agnico Eagle Mines (NYSE: AEM) reported strong Q1 2025 financial and operational results, with payable gold production of 873,794 ounces at production costs of $879 per ounce. The company achieved record quarterly adjusted net income of $770 million ($1.53 per share) and generated substantial free cash flow of $594 million.

Key financial highlights include:

• Net income of $815 million ($1.62 per share)
• Cash from operations of $1,044 million
• Realized gold price of $2,891 per ounce
• Strong balance sheet with cash position increased to $1,138 million

The company declared a quarterly dividend of $0.40 per share and repurchased 488,047 shares at an average price of $102.44. Agnico Eagle plans to increase its normal course issuer bid (NCIB) limit to $1 billion. The company also released its 16th annual sustainability report and reported progress on key projects including Canadian Malartic, Detour Lake, and Upper Beaver.

Agnico Eagle Mines (NYSE: AEM) has expanded its stake in Rupert Resources through a non-brokered private placement, acquiring 2,602,500 common shares at C$4.50 per share for a total investment of C$11,711,250. Following this transaction, Agnico Eagle's ownership in Rupert increased from 13.3% to 14.0% of outstanding shares.

As part of the agreement, Agnico Eagle exercised its rights to nominate Carol Plummer to Rupert's board of directors. Plummer, who serves as Executive Vice-President of Sustainability, People and Culture at Agnico Eagle, brings significant expertise in project evaluation and mine operations, particularly from her experience as former general manager of Agnico Eagle's Kittilä mine in Finland.

Agnico Eagle Mines (NYSE & TSX: AEM) has announced the release of its first quarter 2025 results on Thursday, April 24, 2025, after market hours. The company will host a conference call to discuss financial and operating results on Friday, April 25, 2025, at 08:30 AM EDT.

Additionally, Agnico Eagle will hold its Annual and Special Meeting of Shareholders (AGM) on April 25, 2025, at 11:00 AM EDT in a hybrid format, allowing shareholders to participate both in-person at the Arcadian Court in Toronto and virtually through an online platform.

The conference call will be accessible via webcast and phone, with replay available until May 25, 2025. The virtual AGM format ensures equal participation opportunities for all registered shareholders and appointed proxyholders.

Agnico Eagle Mines (NYSE: AEM) has announced a significant investment in Cartier Resources through a non-brokered private placement. The company will subscribe for 20,770,000 units at C$0.13 per unit, totaling C$2,700,100. Each unit includes one common share and one warrant exercisable at C$0.18 for five years.

Following the private placement, expected to close around April 10, 2025, Agnico Eagle's ownership in Cartier will increase to approximately 27.7% undiluted and 32.2% on a partially-diluted basis. The agreement includes amended investor rights, allowing Agnico Eagle to: increase its ownership ceiling from 19.97% to 32%, nominate up to three board directors, and gain demand registration and piggy-back registration rights.

Agnico Eagle Mines (NYSE: AEM) has successfully completed the acquisition of 100% of O3 Mining through an amalgamation process. Under the terms, O3 Mining shareholders will receive $1.67 in cash per Common Share.

The amalgamation was executed through Agnico Eagle Abitibi Acquisition Corp., making O3 Mining a wholly-owned subsidiary of Agnico Eagle. The Common Shares are expected to be delisted from the TSX Venture Exchange around March 20, 2025, and O3 Mining will apply to cease being a reporting issuer under Canadian securities laws.

Outstanding warrants to acquire Common Shares can be exercised before their expiry, with holders receiving $1.67 in cash instead of Common Shares, as per the amended Warrant Indenture.

Agnico Eagle Mines (NYSE: AEM) has announced a significant investment in Collective Mining through a non-brokered private placement of 4,741,984 common shares at C$11.00 per share, totaling C$52.16 million. Additionally, AEM will exercise warrants to acquire 2,250,000 more shares at C$5.01 per share for C$11.27 million.

Following the transaction's completion expected around March 20, 2025, Agnico Eagle's ownership in Collective Mining will reach approximately 14.99% of outstanding shares. This strategic investment aligns with AEM's focus on high-quality growth projects and acquiring positions in promising early-stage exploration projects.

The deal includes an amended investor rights agreement granting AEM the right to:

• Participate in equity financings to maintain its pro rata ownership
• Top-up holdings in dilutive issuances up to 14.99% ownership
• Nominate board members under certain conditions