Agnico Eagle Min Stock Price, News & Analysis

Barsele Minerals Corp. provided an operational update on its 2022 exploration activities within the Barsele Gold-VMS Project in Northern Sweden. The company's joint venture partner, Agnico Eagle Mines Limited (AEM), holds 55% ownership and can earn an additional 15%. Significant drilling results include:

• Expansion hole AVA22002: 8.0m grading 2.24 g/t gold
• Expansion hole AVA22003: 3.0m grading 1.95 g/t gold
• Expansion hole AVA22004: 1.0m grading 10.10 g/t gold
• Regional hole RIS22002: 3.0m grading 2.75 g/t gold

The drilling campaign reveals a west-southwesterly expansion of the Avan Zone, indicating potential resource growth.

Agnico Eagle Mines Limited (AEM) announced it will release its fourth quarter and full year 2022 results on February 16, 2023, after trading hours. A conference call with senior management is scheduled for February 17, 2023, at 9:00 AM (E.D.T.) to discuss financial and operational results. Interested parties can listen via a live audio webcast on the company’s website, or by phone. Agnico Eagle, a Canadian gold mining company, operates in Canada, Australia, Finland, and Mexico, with a strong focus on sustainability and governance. Its next financial statements will be released on April 27, July 26, and October 25, 2023.

On November 8, 2022, Pan American Silver and Agnico Eagle Mines announced that their arrangement agreement with Yamana Gold became effective after Gold Fields terminated its prior agreement with Yamana. Consequently, Yamana's special shareholder meeting scheduled for November 21, 2022, is canceled. Yamana is liable to pay a $300 million termination fee to Gold Fields, with Pan American contributing $150 million towards this fee. The arrangement positions both companies for potential growth in the mining sector.

On November 8, 2022, Pan American Silver and Agnico Eagle Mines announced the effectiveness of their arrangement agreement with Yamana Gold, following the termination of Gold Fields' agreement with Yamana. This agreement allows Pan American to contribute $150 million towards a $300 million termination fee that Yamana owes to Gold Fields. As a result, a previously scheduled special meeting of Yamana shareholders is cancelled. Both companies continue to enhance their operational foothold in the mining sector, focusing on silver and gold production.

On November 8, 2022, Pan American Silver and Agnico Eagle Mines announced the execution of an agreement to acquire Yamana Gold. This agreement follows their definitive binding offer dated November 4, 2022, where Pan American aims to acquire all outstanding shares of Yamana. Yamana's board has deemed this a "superior proposal" compared to an existing offer from Gold Fields. The Pan American-Agnico agreement will be effective if the Gold Fields transaction is not approved at the Yamana shareholder meeting on November 21, 2022, or if Gold Fields terminates its agreement, potentially incurring a $300 million termination fee.

On November 8, 2022, Pan American Silver and Agnico Eagle Mines announced that Yamana Gold executed an arrangement agreement to proceed with the Pan American-Agnico Transaction, where Pan American will acquire all common shares of Yamana. This follows Yamana’s board deeming this offer a 'Superior Proposal' after Gold Fields waived its right to match. Shareholders will vote against the Gold Fields Transaction at the Yamana Meeting on November 21, 2022. The agreement's effectiveness hinges on the Gold Fields transaction's outcome, with a potential $300 million termination fee for Yamana if the Gold Fields Agreement is terminated.

Pan American Silver Corp. (TSX: PAAS) and Agnico Eagle Limited (TSX: AEM) have submitted a binding offer to acquire Yamana Gold Inc. The deal proposes Pan American to acquire all outstanding shares of Yamana, consolidating control over the Canadian Malartic mine. The offer values each Yamana share at approximately US$5.02, reflecting a 23% premium. The transaction aims to create a leading precious metals producer in Latin America, boosting annual silver production by about 50% and gold production by 100%. The Arrangement is expected to close in Q1 2023, subject to various approvals.

On November 4, 2022, Pan American Silver Corp (PAAS) and Agnico Eagle Limited (AEM) announced a definitive binding offer to acquire Yamana Gold Inc. The transaction includes the exchange of each Yamana Share for approximately $1.04 in cash and shares of Pan American and Agnico Eagle, valuing Yamana at $5.02 per share. This deal would consolidate ownership of the Canadian Malartic mine and enhance Pan American's production capacity in Latin America. The offer is deemed a 'Superior Proposal' and is not subject to financing conditions, aiming to complete by Q1 2023.