Agnico Eagle (NYSE: AEM) lifts Cadillac Mines stake to 11.09% via C$60M deal

Rhea-AI Filing Summary

Agnico Eagle Mines Limited agreed to make a strategic equity investment in Cadillac Mines Corporation through a private placement. Under a subscription agreement dated July 23, 2026, Agnico Eagle will acquire 8,696,000 Cadillac common shares at C$6.90 per share for total consideration of C$60,002,400.00, subject to closing conditions including Cadillac’s IPO.

Before this transaction, Agnico Eagle held 22,821,028 Cadillac shares, or 9.70% on a non-diluted basis. After the private placement and IPO, it is expected to own 31,517,028 shares, or 11.09%. Agnico Eagle will enter a 180-day lock-up after the IPO closing and retains rights to participate in future Cadillac equity financings to maintain its pro rata ownership. An early warning report will be filed in accordance with securities laws.

Key Figures

Private Placement Shares: 8,696,000 shares Price per Share: C$6.90 Total Consideration: C$60,002,400.00 +4 more

7 metrics

Private Placement Shares 8,696,000 shares Common shares of Cadillac Agnico Eagle agreed to acquire under the Subscription Agreement

Price per Share C$6.90 Purchase price per Cadillac common share in the private placement

Total Consideration C$60,002,400.00 Aggregate purchase price for the 8,696,000 Cadillac common shares

Pre-transaction Holdings 22,821,028 shares (9.70%) Agnico Eagle’s Cadillac ownership on a non-diluted basis before the private placement

Post-transaction Holdings 31,517,028 shares (11.09%) Expected Cadillac ownership on a non-diluted basis after the private placement and IPO

Lock-up Period 180 days Duration after IPO closing during which Agnico Eagle agrees to lock-up restrictions

Expected Closing Date On or about August 5, 2026 Anticipated closing timing of the private placement, subject to conditions

Key Terms

subscription agreement, Private Placement, long form base PREP prospectus, lock-up agreement, +1 more

5 terms

subscription agreement financial

"entered into a subscription agreement dated July 23, 2026"

A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.

Private Placement financial

"for total consideration of C$60,002,400.00 (the “Private Placement”)"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

long form base PREP prospectus regulatory

"pursuant to Cadillac’s final long form base PREP prospectus dated July 23, 2026"

lock-up agreement financial

"Agnico Eagle will enter into a lock-up agreement in favour of the underwriters"

A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.

early warning report regulatory

"An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws"

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.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 07/27/2026 - 02:41 PM Accepted by SEC EDGAR 07/27/2026 - 02:40 PM Learn about SEC filing dates

FAQ

What investment in Cadillac Mines did Agnico Eagle (AEM) announce?

Agnico Eagle agreed to acquire 8,696,000 Cadillac Mines common shares at C$6.90 per share for total consideration of C$60,002,400.00. The shares are being purchased via a private placement that is conditional on the successful closing of Cadillac’s initial public offering.

How will the Cadillac Mines private placement change Agnico Eagle’s (AEM) ownership?

Before the deal, Agnico Eagle owned 22,821,028 Cadillac shares, about 9.70% on a non-diluted basis. After the private placement and IPO, it is expected to own 31,517,028 shares, representing approximately 11.09% of Cadillac’s issued and outstanding common shares on a non-diluted basis.

When is Agnico Eagle’s (AEM) Cadillac Mines private placement expected to close?

The Cadillac Mines private placement is expected to close on or about August 5, 2026. Closing is subject to specified conditions, including completion of Cadillac’s initial public offering under its final long form base PREP prospectus dated July 23, 2026.

What lock-up restrictions will apply to Agnico Eagle’s Cadillac Mines (AEM) shares?

On IPO closing, Agnico Eagle will sign a lock-up agreement for 180 days, restricting sales, pledges, hedging or similar transactions involving its Cadillac shares and related securities, except for limited agreed exceptions and with prior written consent from the IPO underwriters.

What strategic rationale did Agnico Eagle (AEM) give for investing in Cadillac Mines?

Agnico Eagle stated it is acquiring Cadillac shares as part of its strategy of taking strategic positions in opportunities with high geological potential. It also holds rights to participate in future Cadillac equity financings to maintain its pro rata ownership level at the time of such financings.

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 July, 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 July 24, 2026 announcing the Corporation’s investment in Cadillac Mines Corporation.

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: 07/27/2026	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

AGNICO EAGLE ANNOUNCES INVESTMENT IN CADILLAC MINES CORPORATION

Toronto (July 24, 2026) – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) announced today that it has entered into a subscription agreement dated July 23, 2026 (the “Subscription Agreement”) with Cadillac Mines Corporation (“Cadillac”), pursuant to which Agnico Eagle agreed to acquire 8,696,000 common shares of Cadillac (“Common Shares”) at a price of C$6.90 per Common Share for total consideration of C$60,002,400.00 (the “Private Placement”). The Private Placement is subject to certain closing conditions, including the closing of Cadillac’s initial public offering of Common Shares (the “IPO”) pursuant to Cadillac’s final long form base PREP prospectus dated July 23, 2026. The Private Placement is expected to close on or about August 5, 2026.

Prior to entering into the Subscription Agreement, Agnico Eagle owned 22,821,028 Common Shares, representing approximately 9.70% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the Private Placement, Agnico Eagle is expected to own 31,517,028 Common Shares, representing approximately 11.09% of the issued and outstanding Common Shares on a non-diluted basis after giving effect to the IPO (assuming the issuance of all Common Shares qualified thereunder) and all other security issuances completed by Cadillac concurrently with the Private Placement.

Pursuant to a subscription agreement dated July 25, 2023 between Agnico Eagle and Cadillac, Agnico Eagle is entitled to certain rights, including the right to participate in equity financings in order to maintain its pro rata ownership interest in Cadillac at the time of such financing.

On closing of the IPO, Agnico Eagle will enter into a lock-up agreement in favour of the underwriters of the IPO, pursuant to which it will agree that it will not, directly or indirectly, without the prior written consent of the underwriters: (a) offer, sell, pledge or otherwise dispose of any Common Shares or any securities convertible into or exercisable or exchangeable for Common Shares (collectively, the “Locked-Up Securities”); (b) make any short sale, engage in any hedging or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Locked-Up Securities; or (c) agree to or publicly announce any intention to do any of the foregoing, in each case, for a period of 180 days following the closing date of the IPO, subject to certain limited exceptions.

Agnico Eagle is acquiring the Common Shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Cadillac or dispose of some or all of the Common Shares or other securities of Cadillac 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. Cadillac’s head office is located at 123 Front Street West, Suite 905, Toronto, Ontario M5J 2M2.

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.

For further information regarding Agnico Eagle, contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.

Forward-Looking Statements

The information in this news release has been prepared as at July 24, 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 acquisition of Common Shares pursuant to the Private Placement and expected ownership interest in Cadillac, the closing of the Private Placement and IPO and the agreements to be entered into in connection therewith, and Agnico Eagle’s acquisition or disposition of securities of Cadillac 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.

2 

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 11.8 KB