Agnico Eagle (NYSE: AEM) swaps Barsele stake for cash, shares, royalty

Rhea-AI Filing Summary

Agnico Eagle Mines Limited has agreed to sell the remaining 55% of Gunnarn Mining AB, owner of the Barsele gold project, to Goldsky Resources Corp. for cash consideration of US$20,000,000, 75,509,577 Goldsky common shares and a 2% net smelter return royalty on Barsele.

The Goldsky shares are valued at C$2.64 each, based on a 20-day volume-weighted average price. Closing is expected on or before June 30, 2026, subject to TSX Venture Exchange and Goldsky shareholder approvals. The deal supports Agnico Eagle’s portfolio optimization and focus on its internal growth pipeline.

Following execution of the agreement, Agnico Eagle’s interest in Goldsky increased from approximately 4.1% to approximately 32.5% of outstanding common shares. An amended investor rights agreement will give Agnico Eagle participation rights in Goldsky financings, board nomination rights and registration rights for potential future share sales.

Insights

Mining sector and corporate strategy analyst

Agnico Eagle swaps Barsele control for cash, equity stake and royalty.

Agnico Eagle is monetizing its remaining 55% stake in Gunnarn Mining AB, which controls the Barsele project, in return for US$20,000,000, 75,509,577 Goldsky shares and a 2% net smelter return royalty. This replaces direct project ownership with a mix of cash, equity and future production-linked income.

The company frames this as portfolio optimization, shifting Barsele to become Goldsky’s primary focus while Agnico concentrates on its own internal project pipeline. Agnico’s beneficial ownership in Goldsky rises to about 32.5%, giving meaningful exposure to any future Barsele upside through both its equity position and royalty.

On closing, an amended investor rights agreement will give Agnico Eagle participation rights in Goldsky equity financings, board nomination rights and registration rights. These terms help preserve influence and liquidity options around its 82,862,868 Goldsky shares, while the transaction’s completion still depends on TSX Venture Exchange and Goldsky shareholder approvals by June 30, 2026.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2026

Commission File Number 001-13422

AGNICO EAGLE MINES LIMITED

(Translation of registrant’s name into English)

145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ¨      Form 40-F x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)( 1): ¨

Note: Regulation S-T Rule 101 (b)( 1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7): ¨

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ¨    No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                         .

EXHIBITS

Exhibit No.	Exhibit Description
99.1	Press Release dated January 28, 2026 announcing the Corporation’s Agreement with Goldsky Resources Corp. Relating to the Barsele Project

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AGNICO EAGLE MINES LIMITED
	(Registrant)
Date: 29/01/2026	By:	/s/ Chris Vollmershausen
		Chris Vollmershausen
		Executive Vice-President, Legal, General Counsel & Corporate Secretary

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Exhibit 99.1

Stock Symbol:	AEM (NYSE and TSX)
For further information:	Investor Relations
	(416) 947-1212

AGNICO EAGLE ANNOUNCES AGREEMENT WITH
GOLDSKY RESOURCES CORP. RELATING TO THE BARSELE PROJECT

Toronto (January 28, 2026) – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) announced today that Agnico Sweden AB (“Agnico Sweden”), a wholly-owned subsidiary of Agnico Eagle, and Goldsky Resources Corp. (“Goldsky”) have entered into a share purchase agreement (the “Agreement”), pursuant to which Goldsky agreed to purchase the 55% of Gunnarn Mining AB that it did not already own from Agnico Sweden in exchange for cash consideration of US$20,000,000, the issuance of 75,509,577 common shares (“Common Shares”) of Goldsky, and the grant of a 2% net smelter return royalty to Agnico Sweden on the Barsele project (the “Transaction”). The Common Shares to be issued by Goldsky were ascribed a value of C$2.64 per Common Share, being the volume-weighted average price of the Common Shares for the 20-day period prior to entering into the Agreement. Closing of the Transaction is expected to occur on or prior to June 30, 2026 and is subject to certain closing conditions, including approval of the TSX Venture Exchange and the shareholders of Goldsky.

The Transaction reflects the Company’s ongoing portfolio optimization efforts. Over the last 10 years, Agnico Sweden’s exploration program at the Barsele project was successful at expanding its mineral resources. As additional exploration work and studies are required to advance the project toward development, the Company believes the Barsele project will benefit from being Goldsky’s primary focus, while it retains exposure to future upside. Divesting its direct interest in the Barsele project aligns with the Company’s prioritization of its high-quality internal project pipeline, which is expected to drive the next phase of growth.

Prior to execution of the Agreement, Agnico Eagle owned 7,353,291 Common Shares, representing approximately 4.1% of the issued and outstanding Common Shares on a non-diluted basis. Following execution of the Agreement, Agnico Eagle beneficially owned 82,862,868 Common Shares, representing approximately 32.5% of the issued and outstanding Common Shares on a non-diluted basis.

Agnico Eagle and Goldsky are party to an investor rights agreement dated July 31, 2024. On closing of the Transaction, Agnico Eagle and Goldsky will enter into an amended and restated investor rights agreement, pursuant to which Agnico Eagle will be entitled to certain rights (subject to maintaining certain ownership thresholds), including: (a) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in Goldsky at the time of such financing or acquire up to a 19.99% ownership interest in Goldsky; (b) the right (which Agnico Eagle has no present intention of exercising) to nominate between one and three individuals (and in the case of an increase in the size of the board of directors of Goldsky to ten or more directors, between two and four individuals) to the board of directors of Goldsky; and (c) demand registration and piggy-back registration rights in respect of the potential sale of Common Shares by Agnico Eagle.

Agnico Eagle, through its wholly-owned subsidiary Agnico Sweden, is acquiring the Common Shares as partial consideration in connection with the Transaction. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Goldsky or dispose of some or all of the Common Shares or other securities of Goldsky 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:

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. Goldsky’s head office is located at 2991 Dundas Street, Toronto, Ontario M6P 1Z4.

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 January 28, 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 the expected closing of the Transaction (including the expected closing date), the ability to satisfy closing conditions in respect of the Transaction (including obtaining approval of the TSX Venture Exchange and the shareholders of Goldsky) and Agnico Eagle’s acquisition or disposition of securities of Goldsky 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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FAQ

What transaction did Agnico Eagle (AEM) announce with Goldsky Resources for the Barsele project?

Agnico Eagle agreed to sell the remaining 55% of Gunnarn Mining AB, which owns the Barsele project, to Goldsky Resources. In return, it will receive US$20,000,000 in cash, 75,509,577 Goldsky common shares and a 2% net smelter return royalty on Barsele.

How is Agnico Eagle (AEM) being compensated in the Barsele deal with Goldsky?

Agnico Eagle’s consideration combines cash, equity and a royalty. It will receive US$20,000,000, 75,509,577 Goldsky common shares valued at C$2.64 each using a 20-day VWAP, plus a 2% net smelter return royalty on production from the Barsele project.

When is the Agnico Eagle (AEM) and Goldsky Barsele transaction expected to close?

Closing is expected on or before June 30, 2026. Completion remains subject to specified closing conditions, including approval from the TSX Venture Exchange and approval from Goldsky shareholders, as outlined in the share purchase agreement between Agnico Sweden and Goldsky.

How does the Barsele transaction change Agnico Eagle’s (AEM) ownership in Goldsky?

Agnico Eagle’s stake in Goldsky increases significantly. Before the agreement, it held 7,353,291 shares, about 4.1% of Goldsky on a non-diluted basis. After agreeing to receive additional shares, it beneficially owns 82,862,868 shares, about 32.5% non-diluted.

What rights will Agnico Eagle (AEM) have in Goldsky after the Barsele deal closes?

Agnico Eagle will enter an amended investor rights agreement, giving it rights to participate in equity financings, maintain its pro rata ownership or acquire up to a 19.99% interest, nominate board members within set ranges and access demand and piggy-back registration rights.

Why does Agnico Eagle (AEM) say the Barsele transaction fits its strategy?

The company describes the transaction as part of portfolio optimization. After expanding Barsele’s mineral resources over a decade, Agnico Eagle believes the project will progress better as Goldsky’s primary focus, while Agnico concentrates on its high-quality internal project pipeline and retains upside through shares and a royalty.