STOCK TITAN

Agnico Eagle (AEM) launches multi-deal consolidation of Finland’s Central Lapland belt

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Agnico Eagle Mines Limited outlines a major growth plan in Finland’s Central Lapland Greenstone Belt through three linked transactions. The company will acquire all shares of Rupert Resources, offering 0.0401 Agnico share plus a contingent value right of up to $3.00 per Rupert share, valuing upfront consideration at about $2.871 billion and implying a 67% premium. It will also acquire all shares of Aurion Resources for $2.60 in cash per share, or roughly $481 million, a 46% premium.

Agnico Eagle will buy B2Gold’s 70% interest in the Fingold joint venture for US$325 million, giving it full ownership once the Aurion deal closes. The combined holdings create a consolidated land position of about 2,492 km² in a highly prospective Nordic gold belt anchored by the Kittila mine and the Ikkari gold project, which has 3.5 million ounces of probable reserves.

The company targets a Finnish production platform capable of around 500,000 ounces of gold annually and expects operating and development synergies of up to $500 million. It also plans to expand its share repurchase limit under the normal course issuer bid to US$2 billion in 2026.

Positive

  • Transformational Finnish growth platform: Consolidation of Rupert, Aurion and Fingold JV creates a 2,492 km² land position in a highly prospective Nordic gold belt anchored by Kittila and the Ikkari project.
  • Resource base and scale potential: Ikkari contributes 3.5 million ounces of probable reserves and supports a vision for Finland to become an approximately 500,000-ounce annual production hub.
  • Targeted synergies and integration benefits: Management highlights expected operating and development synergies of up to $500 million from integrating Ikkari with Kittila and removing property boundary constraints.

Negative

  • Large capital commitment: The Rupert, Aurion and B2Gold deals together imply multi-billion dollar cash and share consideration, increasing financial exposure to a single region.
  • Execution and approval risk: Completion depends on court approvals, multiple shareholder votes, minority approvals under MI 61-101 and realizing projected synergies and production growth.
  • Deferred consideration via CVRs: Up to $3.00 per Rupert share is contingent on future milestones, adding long-dated obligations tied to project performance.

Insights

Agnico Eagle pursues a large, premium-priced Finnish consolidation with sizable synergy targets.

Agnico Eagle is executing a multi-transaction consolidation of Finland’s Central Lapland Greenstone Belt, anchored by acquiring Rupert, Aurion and B2Gold’s Fingold JV stake. Upfront consideration for Rupert is valued at about $2.871 billion plus up to $3.00 per share in CVRs, while Aurion is priced at roughly $481 million in cash.

The company highlights a combined land position of roughly 2,492 km² and 3.5 million ounces of probable reserves at Ikkari. Management indicates potential operating and development synergies of up to $500 million and envisions Finland evolving into an approximately 500,000-ounce annual production hub, though these are forward-looking aims subject to permitting, development and integration risks.

Financing involves significant cash outlays, including US$325 million for B2Gold’s Fingold JV interest, but Agnico Eagle also plans to increase its NCIB share repurchase limit to US$2 billion in 2026. Successful completion depends on court and shareholder approvals, minority protections under MI 61-101, and satisfying closing conditions for all three transactions.

Rupert upfront consideration $2,871 million Aggregate upfront value on a 100% fully diluted basis for Rupert deal
Rupert CVR value up to $3.00 per share Contingent cash payment per Rupert share based on property milestones
Aurion purchase price $2.60 per share Cash consideration per Aurion share, ~46% premium to April 17, 2026 close
B2Gold Fingold stake price US$325 million Cash payment for B2Gold’s 70% interest in the Fingold JV
Targeted synergies up to $500 million Expected operating and development synergies from integrating Ikkari with Kittila
NCIB repurchase limit US$2 billion Intended share repurchase capacity on NCIB renewal in May 2026
Consolidated land position 2,492 km² Regional land package in the Central Lapland Greenstone Belt after transactions
Ikkari probable reserves 3.5 million ounces gold Probable mineral reserves at Ikkari at 2.1 g/t gold
Central Lapland Greenstone Belt technical
"a comprehensive consolidation of properties in the Central Lapland Greenstone Belt"
contingent value right financial
"contingent consideration of up to $3.00, in the form of a contingent value right"
A contingent value right is a special security that gives its holder the right to receive one or more future payments only if specified events happen, such as a product reaching a sales target or getting regulatory approval. It matters to investors because it offers potential extra payout tied to uncertain outcomes—like a bet that a project will succeed—so it can add upside to a deal while also carrying extra risk and valuation uncertainty.
plan of arrangement regulatory
"by way of plan of arrangement (the “Rupert Transaction”)"
A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.
Multilateral Instrument 61-101 regulatory
"will be a “business combination” under Multilateral Instrument 61-101 – Protection of Minority Security Holders"
Multilateral Instrument 61-101 is a securities regulation that sets rules for certain corporate deals—like mergers, asset sales, or related-party transactions—to protect minority shareholders by requiring extra disclosure, independent valuation and, in many cases, formal shareholder approval. Think of it as an impartial referee and checklist that forces companies to show the full playbook and get a vote or an independent price opinion, so investors can judge whether a proposed deal is fair and avoid being overridden by insiders.
Normal Course Issuer Bid financial
"share repurchases under the Company’s Normal Course Issuer Bid (“NCIB”)"
A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

 

 

 

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 April, 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 April 20, 2026 announcing the Corporation’s Consolidation of Finland’s Central Lapland Greenstone Belt in Three Separate Transactions

 

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: 04/21/2026 By: /s/ Chris Vollmershausen
    Chris Vollmershausen
    Executive Vice-President, Legal, General Counsel & Corporate Secretary

 

2

 

 

 

Exhibit 99.1

 

 

 

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

 

(All amounts expressed in Canadian dollars unless otherwise noted)

 

AGNICO EAGLE TO CONSOLIDATE FINLAND’S CENTRAL LAPLAND GREENSTONE BELT IN THREE SEPARATE TRANSACTIONS

 

Toronto (April 20, 2026) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) announced today a plan to complete a comprehensive consolidation of properties in the Central Lapland Greenstone Belt (“CLGB”) of Northern Finland, pursuant to which Agnico Eagle has entered into definitive agreements in respect of three separate transactions: (i) the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. (“Rupert”); (ii) the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. (“Aurion”); and (iii) the acquisition of a 70% interest in Fingold Ventures Ltd. (the “Fingold JV”) held by B2Gold Corp. (“B2Gold”), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV. The Company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.

 

·Establishes Finland as a multi-asset, multi-decade regional platform within Agnico Eagle’s portfolio, with a pathway to become an approximately 500,000-ounce annual gold production hub within the next decade

 

·Provides the financial, technical and on-the-ground resources to develop the highly prospective Ikkari gold project (“Ikkari”), leveraging Agnico Eagle’s proven management, exploration, permitting, mine building and operating expertise

 

·Creates significant value through optimized project development, including an extension of the Ikkari open pit onto the Fingold JV area, which is expected to capture additional gold ounces in the mine plan on both sides of the property boundary

 

·Consolidates an approximate 2,492 km² regional land position within the under-explored Central Lapland Greenstone Belt, unlocking significant exploration potential with robust targets across all stages of exploration

 

·Integrating Ikkari into the Company’s established Finland platform delivers unique operating, development and construction synergies estimated at up to $500 million, over and above the value benefit that is expected to be realized by eliminating the property boundary constraint

 

Agnico Eagle’s President and Chief Executive Officer, Mr. Ammar Al-Joundi commented: “These transactions deliver on our long-standing regional strategy and build on our more than 20 years of best-in-class operating experience in Finland to establish another multi-asset, multi-decade platform in our portfolio within a world-class gold belt. By consolidating the highly prospective and under-explored Central Lapland Greenstone Belt, we are bringing together our long-life Kittila mine, the Ikkari gold project, unconstrained by property boundaries, and a district-scale land position with clearly defined targets across all stages of exploration. Supported by a proven local team with the technical, operating and exploration expertise to execute, this consolidation positions us to accelerate development, capture unique synergies, drive project-level value and unlock substantial long-term exploration upside for our shareholders. This approach mirrors how we have successfully built value across our Canadian platforms and represents an important next chapter for our Finland business”.

 

1

 

 

Agnico Eagle’s Executive Vice President Exploration, Mr. Guy Gosselin commented: “Through these transactions, we have consolidated a regional land position of approximately 2,492 km² in the most prospective exploration belt in the Nordic region. This district hosts multiple high quality gold opportunities, ranging from near deposit resource growth to largely untested regional targets, as well as highly prospective Cu-Ni-PGE targets within the lateral extension of the geological formation hosting nearby world-class Cu-Ni PGE deposits. The scale of the mineralized trends, combined with the elimination of property boundaries, provide a strong foundation for disciplined, multi-year exploration aimed at expanding resources and delivering new discoveries.”

 

Strategic Rationale

 

The proposed consolidation of the CLGB aligns with Agnico Eagle’s long-standing strategy of regional consolidation in premier mining jurisdictions. Upon closing of these transactions, Agnico Eagle will own in addition to the Kittila mine, the Ikkari gold project, along with a large, highly prospective land package totalling approximately 2,492 km².

 

Rupert’s primary asset is its 100%-owned Ikkari gold project, a high-quality, advanced exploration and development project with a large mineral resource and mineral reserve base, including 3.5 million ounces of gold in probable mineral reserves (52.0 million tonnes grading 2.1 grams per tonne (“g/t”) gold). The project also offers significant geologic potential and exploration upside across an approximately 1,253 km² land package, with growth opportunities ranging from early-stage targets, zones with initial mineral resources, and the past-producing Pahtavaara gold mine where several known zones remain open. The land package also includes areas prospective for critical minerals in the same rock formations hosting nearby world-class Cu-Ni PGE deposits.

 

Aurion has assembled a large, contiguous land position of approximately 761 km² within the CLGB, including the land held by the Fingold JV with B2Gold. The consolidated property provides significant exploration upside across multiple targets and is supported by encouraging exploration results, including a number of discoveries such as Kaasresselka, Helmi, Kutuvuoma and Vuoma. Aurion and the Fingold JV have continuously demonstrated strong potential in this under-explored part of the CLGB. All known gold occurrences remain open for growth, having only been explored from surface to less than 300 metres depth, and some display alteration and mineralization similar to Ikkari, the major gold deposit in the district.

 

2

 

 

 

 

Figure 1. Map of claims to be consolidated by Agnico Eagle with proposed transactions

 

These transactions are expected to substantially enhance the scale, growth and longevity of the Company’s Finland platform, which the Company believes has the potential to evolve into a world-class multi-decade gold production hub producing approximately 500,000 ounces annually in one of the most geologically prospective and politically stable regions in the world. The Company brings financial strength, technical depth, government relations and on-the-ground capability to optimize and advance Ikkari, leveraging its proven local expertise across exploration, permitting, mine building and operations.

 

The integration of Ikkari with the Company’s existing Kittila operating platform is expected to generate operating and development synergies of up to $500 million. Additionally, the elimination of property boundary constraints creates a clear pathway to incremental project-level value through a larger open pit extending onto the Fingold JV property that is expected to capture additional gold ounces in the mine plan and extend mine life.

 

The Company first made a strategic investment in Rupert in February 2020 and, over the past six years, has developed a strong technical understanding of Ikkari and its long-term development potential. With enhanced technical and financial capacity, Agnico Eagle is well positioned to execute a comprehensive exploration and development program and accelerate value creation across the district.

 

Finland Platform – Kittila Mine, the Ikkari Gold Project, Expanded Exploration Upside

 

·The Kittila mine is the largest primary gold mine in Europe, hosting a large mineral reserve and mineral resource base, including 3.3 million ounces of gold in probable mineral reserves (24.8 million tonnes grading 4.17 grams per tonne gold). Commercial production was achieved in 2009 and the mine was subsequently expanded to a 2 million tonnes per annum operation in 2020. In 2025, Kittila produced 217,379 ounces of gold and generated strong free cash flow

 

·Ikkari is located 50 kilometres from Kittila. A pre-feasibility study was completed by Rupert in February 2025, envisioning an open pit and underground operation utilizing conventional processing with average annual gold production of 227,000 ounces of gold over the first 10 years of mine life

 

3

 

 

oIkkari has a large mineral reserve and mineral resource base – probable mineral reserves of 3.5 million ounces of gold (52.0 million tonnes at 2.10 g/t) from indicated mineral resources of 4.1 million ounces of gold (58.4 million tonnes at 2.18 g/t) (inclusive of mineral reserves)

 

oLand consolidation with the Fingold JV creates additional value, allowing for the optimal development of Ikkari, with an unconstrained open pit and optimal positioning of infrastructure

 

oAgnico Eagle plans to continue a drill program at Ikkari for infill and condemnation drilling and to test step-out targets as well as some selected regional priority targets, with an approximately $20 million drilling program planned over the first 18 months, along with the completion of an updated internal evaluation for the optimized mine design targeted by the end of 2027

 

·The consolidated land package of approximately 2,492 km² has significant potential for mineral resource expansion and new discoveries. A three-year regional exploration program ranging between $60 and $100 million and including 100,000 to 175,000 metres of drilling, is planned to unlock the full district scale potential of the consolidated land position on the multiple regional targets. The program will be periodically re-evaluated, success-driven and open to expansion

 

·The main areas of interest for an initial three-year exploration program are set out below

 

oThe Ikkari–Helmi gap area (resulting from the property boundary between Rupert and the Fingold JV), offers significant potential to enhance the Ikkari deposit through mineral resource growth and improved flexibility for infrastructure positioning. The deeper extension of Ikkari also remains largely untested due to the property boundary, providing additional exploration upside

 

oThe broader Ikkari trend is an extensive mineralized corridor, extending more than seven kilometres westward from the Helmi deposit toward the Kutuvuoma gold deposit and beyond, and over approximately 22 kilometres eastward along the Rajala geological domain boundary, hosting the Heina South, Heina Central, Saitta, and Mike occurrences through to the past producing Pahtavaara gold mine

 

oOn Aurion’s Risti property and the Fingold JV property, the largely unexplored 15-kilometre long Kaaresselka–Vuoma trend hosts two gold showings and a strong base of till anomalies, with alteration and mineralization characteristics similar to Ikkari

 

oThe Area 51 target on Rupert’s property hosts the thickest ultramafic volcanites of 2.05 Ga in the CLGB, in the same rock formations hosting other Cu-Ni-PGE deposits nearby

 

4

 

 

 

 

Figure 2. Geological map of the CLGB, with the consolidated property

 

Transaction Details

 

Rupert Transaction

 

Agnico Eagle and Rupert have entered into a definitive arrangement agreement (the “Rupert Arrangement Agreement”) pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Rupert (the “Rupert Shares”), other than the Rupert Shares held by Agnico Eagle, by way of plan of arrangement (the “Rupert Transaction”).

 

Pursuant to the Rupert Transaction, each Rupert Share will be exchanged for: (i) upfront consideration comprised of 0.0401 of a common share of Agnico Eagle (“Agnico Shares”); and (ii) contingent consideration of up to $3.00, in the form of a contingent value right (“CVR”) that is payable, in cash, upon Rupert’s properties reaching specified milestones (set out in detail below). The aggregate upfront consideration on a 100% and fully diluted basis is valued at approximately $2,871 million on a fully-diluted basis, based on the five-day volume weighted average price of Agnico Shares on the Toronto Stock Exchange (the “TSX”) as of April 17, 2026. The upfront consideration represents an approximately 67% premium to the closing price of the Rupert Shares on the TSX as of April 17, 2026, being the last trading day prior to announcement of the Rupert Transaction.

 

5

 

 

Each CVR will have a term of 10 years and will entitle the holder thereof to receive up to $3.00, in cash, upon certain milestones being reached. The applicable milestones relate to the properties to be acquired from Rupert on closing (the “Acquired Properties”); and the CVRs are payable as follows:

 

·$1.00 upon the public announcement of at least 5 million ounces of gold in mineral reserves on the Acquired Properties;

 

·$1.00 upon both of the following having been publicly announced: (i) the Acquired Properties reaching commercial production; and (ii) the Acquired Properties reaching 7.5 million ounces of gold in aggregate mineral reserves and production; and

 

·$1.00 upon both of the following having been publicly announced: (i) the Acquired Properties reaching commercial production; and (ii) the Acquired Properties reaching 10 million ounces of gold in aggregate mineral reserves and production

 

Completion of the Rupert Transaction is subject to customary conditions, including, among others, court approval and the approval of: (i) two-thirds of the votes cast by the holders of Rupert Shares present in person or represented by proxy at a special meeting of Rupert securityholders (the “Rupert Meeting”) to be held to consider the Rupert Transaction; (ii) two-thirds of the votes cast by the holders of Rupert Shares, options to acquire Rupert Shares (“Rupert Options”), deferred share units of Rupert (“Rupert DSUs”), restricted share units of Rupert (“Rupert RSUs”) and performance share units of Rupert (“Rupert PSUs”), voting together as a single class, with one vote for each Rupert Share, Rupert Option, Rupert DSU, Rupert RSU and Rupert PSU held; and (iii) Rupert Minority Approval, discussed below.

 

The Rupert Transaction will be a “business combination” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as Agnico Eagle is a “related party” (as defined in MI 61-101) of Rupert by virtue of its approximately 13.9% current ownership of Rupert Shares (on a non-diluted basis). As a result, the Rupert Transaction will also require: (i) an independent formal valuation prepared in accordance with MI 61-101; and (ii) the approval of a simple majority of the votes cast by holders of Rupert Shares, excluding Agnico Eagle and votes attached to Rupert Shares held by other persons required to be excluded in accordance with MI 61-101, present in person or represented by proxy at the Rupert Meeting (the “Rupert Minority Approval”).

 

Subject to the satisfaction of all conditions to closing set out in the Rupert Arrangement Agreement, it is anticipated that the Rupert Transaction will be completed early in the third quarter of 2026. Upon closing of the Rupert Transaction, it is expected that the Rupert Shares will be delisted from the TSX and that Rupert will cease to be a reporting issuer under applicable Canadian securities laws.

 

In connection with the Rupert Transaction, each of the directors and executive officers of Rupert, and certain Rupert shareholders, collectively representing 28.75% of the Rupert Shares, have entered into a voting support agreement with Agnico Eagle, pursuant to which each of them has agreed, among other things, to vote all of their Rupert Shares (including any Rupert Shares issued upon the exercise of any securities convertible, exercisable or exchangeable into Rupert Shares) in favour of the Rupert Transaction, subject to the terms of the voting support agreements.

 

None of the securities to be issued pursuant to the Rupert Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued in connection with the Rupert Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

 

Aurion Transaction

 

Agnico Eagle and Aurion have entered into a definitive arrangement agreement (the “Aurion Arrangement Agreement”) pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Aurion (the “Aurion Shares”), other than the Aurion Shares held by Agnico Eagle, by way of plan of arrangement (the “Aurion Transaction”).

 

Pursuant to the Aurion Transaction, each Aurion Share will be acquired for $2.60 in cash (the “Aurion Consideration”), for an aggregate consideration of approximately $481 million on a 100% and fully-diluted basis. The Aurion Consideration represents approximately a 46% premium to the closing price of the Aurion Shares on the TSX Venture Exchange (the “TSXV”) as of April 17, 2026, being the last trading day prior to announcement of the Aurion Transaction.

 

6

 

 

Completion of the Aurion Transaction is subject to customary conditions, including, among others, court approval and the approval of: (i) two-thirds of the votes cast by the holders of Aurion Shares present in person or represented by proxy at a special meeting of Aurion securityholders (the “Aurion Meeting”) to be held to consider the Aurion Transaction; (ii) two-thirds of the votes cast by the holders of Aurion Shares and warrants to acquire Aurion Shares (“Aurion Warrants”), voting together as a single class, with one vote for each Aurion Share and Aurion Warrant; and (iii) Aurion Minority Approval, as discussed below.

 

The Aurion Transaction will be a “business combination” under MI 61-101 as Matti Talikka, the Chief Executive Officer of Aurion, is entitled to receive a “collateral benefit” (as defined in MI 61-101) in connection with the Aurion Transaction. As a result, the Aurion Transaction will also require the approval of a simple majority of the votes cast by holders of Aurion Shares, excluding Mr. Talikka and votes attached to Aurion Shares held by other persons required to be excluded in accordance with MI 61-101, present in person or represented by proxy at the Aurion Meeting (the “Aurion Minority Approval”).

 

Subject to the satisfaction of all conditions to closing set out in the Aurion Arrangement Agreement, it is anticipated that the Aurion Transaction will be completed early in the third quarter of 2026. Upon closing of the Aurion Transaction, it is expected that the Aurion Shares will be delisted from the TSXV and that Aurion will cease to be a reporting issuer under applicable Canadian securities laws.

 

In connection with the Aurion Transaction, all directors and officers of Aurion who collectively own or exercise control approximately 10.8% of the issued and outstanding Aurion Shares have entered into a voting support agreement with Agnico Eagle, pursuant to which each of them has agreed, among other things, to vote all of their Aurion Shares (including any Aurion Shares issued upon the exercise of any securities convertible, exercisable or exchangeable into Aurion Shares) in favour of the Aurion Transaction, subject to the terms of the voting support agreements. In addition, Adrian Day Asset Management has entered into a voting support agreement with Agnico Eagle, pursuant to which it has agreed, among other things, to vote or cause to be voted up to approximately 5.1% of the issued and outstanding Aurion Shares in favour of the Aurion Transaction.

 

Agnico Eagle currently holds 5,530,000 Aurion Warrants that it intends to exercise prior to record date for the Aurion Meeting. Following the exercise of the Aurion Warrants, Agnico will hold an aggregate of 16,590,000 Aurion Shares representing approximately 9.9% of the issued and outstanding Aurion Shares on a non-diluted basis. Agnico Eagle intends to vote the Aurion Shares it owns in favour of the Aurion Transaction.

 

B2Gold Transaction

 

Agnico Eagle and B2Gold have entered into a definitive purchase agreement (the “B2Gold Purchase Agreement”) pursuant to which Agnico Eagle has agreed to acquire B2Gold’s 70% interest in the Fingold JV for US$325 million in cash (the “B2Gold Transaction”). Aurion holds the remaining 30% interest in the Fingold JV and has waived its right of first refusal over the sale of B2Gold’s interest in the Fingold JV. Upon completion of the B2Gold Transaction and the Aurion Transaction, Agnico Eagle will own a 100% interest in the Fingold JV.

 

The B2Gold Transaction is not subject to approval by securityholders of Agnico Eagle or B2Gold. Subject to the satisfaction of all conditions to closing set out in the B2Gold Purchase Agreement, it is anticipated that the B2Gold Transaction will be completed in April 2026.

 

In addition to the B2Gold Transaction, Agnico Eagle and B2Gold have agreed to enter into a collaboration agreement focused on knowledge sharing and cooperation across their respective operations in Nunavut, Canada. The agreement is intended to leverage the complementary experience, best practices and expertise of both companies operating in northern arctic environments. The agreement will not involve any transfer of ownership interests or integration of activities and will be non-exclusive in nature.

 

Shareholder Returns

 

The Company remains committed to delivering strong returns to shareholders in 2026 through a combination of the dividend and share repurchases under the Company’s Normal Course Issuer Bid (“NCIB”). As previously disclosed, the Company intends to increase the share repurchase limit to US$2 billion on renewal of the NCIB in May 2026 and the Company will evaluate opportunities to reduce dilution associated with these transactions throughout the remainder of 2026, including potentially returning the proceeds of portfolio investment sales to shareholders through share buybacks.

 

7

 

 

Advisors

 

Edgehill Advisory Ltd. and TD Securities Inc. are acting as financial advisors to Agnico Eagle with respect to the Rupert and Aurion transactions. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Agnico Eagle.

 

About Agnico Eagle Mines Limited

 

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.

 

For further information on Agnico Eagle, please contact:

 

Investor Relations at +1 (416) 947-1212 or investor.relations@agnicoeagle.com

 

Cautionary Statement Regarding Forward-Looking Statements

 

Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Forward-looking statements and information can be identified by statements that certain actions, events or results “could”, “may”, “should”, “will” or “would” be taken, occur or achieved. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the proposed acquisition by Agnico Eagle of all of the Rupert Shares, all of the Aurion Shares and B2Gold’s 70% interest in the Fingold JV, and the terms thereof; Agnico Eagle’s plans for the acquired properties; the potential for, and anticipated amount of, synergies; the potential for Agnico Eagle’s Finnish operations to become an approximately 500,000 ounce annual production hub; the approval of the Rupert Transaction by Rupert shareholders; the approval of the Aurion Transaction by Aurion shareholders; regulatory approvals and closing conditions to the Rupert Transaction, the Aurion Transaction and the B2Gold Transaction; the expected date of completion of each of the Rupert Transaction, the Aurion Transaction and the B2Gold Transaction; the expectation that the Rupert Shares will be delisted from the TSX and that Rupert will cease to be a reporting issuer under applicable Canadian securities laws; the expectation that the Aurion Shares will be delisted from the TSXV and that Aurion will cease to be a reporting issuer under applicable Canadian securities laws and other statements that are not historical fact.

 

The forward-looking statements and information contained in this news release reflect Agnico Eagle’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Agnico Eagle, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies.

 

8

 

 

Agnico Eagle cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Agnico Eagle has made assumptions and estimates based on or related to many of these factors. Such risks, uncertainties and other factors include, among others: the possibility that the Rupert Transaction, the Aurion Transaction and/or the B2Gold Transaction will not be completed in accordance with their respective terms as currently contemplated or in the expected timeframe or at all; the conditions to the Rupert Transaction, the Aurion Transaction and/or the B2Gold Transaction not being satisfied in the expected timeframe or at all; pending or potential litigation associated with the Rupert Transaction, the Aurion Transaction and/or the B2Gold Transaction; the failure to realize the anticipated benefits, including synergies, of the Rupert Transaction, the Aurion Transaction and/or the B2Gold Transaction in the expected timeframe or at all; and general economic, business and political conditions. Additional risks, uncertainties and other factors are identified in Agnico Eagle’s annual information form and management’s discussion and analysis for the year ended December 31, 2025, which have been filed with the United States Securities and Exchange Commission as part of Agnico Eagle’s Form 40-F and with the Canadian provincial securities regulatory authorities, as applicable.

 

Although Agnico Eagle has attempted to identify important factors that could cause actual results to differ materially from those set out or implied by the forward-looking statements and information, this list is not exhaustive and there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors should use caution when considering, and should not place undue reliance on any, forward-looking statements and information. Forward-looking statements and information are designed to help readers understand Agnico Eagle’s current views in respect of the Rupert Transaction, the Aurion Transaction and the B2Gold Transaction and related matters and may not be appropriate for other purposes. Agnico Eagle does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by law.

 

This news release does not constitute (and may not be construed to be) a solicitation or offer by Agnico Eagle or any of its directors, officers, employees, representatives or agents to buy or sell any securities of any person in any jurisdiction, or a solicitation of a proxy of any securityholder of any person in any jurisdiction, in each case, within the meaning of applicable laws.

 

Scientific and Technical Information

 

The scientific and technical information contained in this press release has been approved by Guy Gosselin, Executive Vice President Exploration, who is a “qualified person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

 

9

FAQ

What transactions did Agnico Eagle (AEM) announce in Finland’s Central Lapland Greenstone Belt?

Agnico Eagle announced three linked deals: acquiring all shares of Rupert Resources, acquiring all shares of Aurion Resources, and buying B2Gold’s 70% interest in the Fingold joint venture. Together they consolidate a large land position and key gold assets in Finland’s Central Lapland Greenstone Belt.

How much is Agnico Eagle paying to acquire Rupert Resources Ltd.?

Each Rupert share will be exchanged for 0.0401 Agnico share plus a contingent value right of up to $3.00 in cash. The upfront share consideration is valued at about $2.871 billion and represents roughly a 67% premium to Rupert’s April 17, 2026 closing share price.

What are the key terms of Agnico Eagle’s acquisition of Aurion Resources Ltd.?

Agnico Eagle will acquire each Aurion share for $2.60 in cash, valuing Aurion at about $481 million on a fully diluted basis. This price represents approximately a 46% premium to Aurion’s April 17, 2026 closing share price on the TSX Venture Exchange.

What is included in Agnico Eagle’s deal with B2Gold for the Fingold joint venture?

Agnico Eagle agreed to buy B2Gold’s 70% interest in the Fingold JV for US$325 million in cash. Aurion, which holds the remaining 30%, waived its right of first refusal. After completing the Aurion deal, Agnico Eagle expects to own 100% of the Fingold JV.

How will these transactions affect Agnico Eagle’s Finnish operations and production outlook?

The company expects the consolidation to enhance scale, growth and mine life at its Finland platform. Management envisions the region evolving into a multi-decade gold production hub producing about 500,000 ounces annually, supported by Kittila, Ikkari and broader exploration upside across 2,492 km².

What shareholder return plans accompany Agnico Eagle’s Finnish consolidation strategy?

Alongside the acquisitions, Agnico Eagle reiterates its focus on shareholder returns through dividends and share repurchases. It plans to increase the normal course issuer bid limit to US$2 billion in May 2026 and may use proceeds from portfolio investment sales for buybacks to mitigate dilution.

Filing Exhibits & Attachments

1 document