$AEM.TO

Aurion Resources Closes its $481-Million Sale to Agnico Eagle Mines

Aurion Resources (AU.V) on Monday said it closed its $481-million sale to Agnico Eagle Mines (AEM.TO, AEM) for cash consideration of C$2.60 per Aurion share.Aurion shares will be delisted from the TSX Venture Exchange in connection with the arrangement, said the company, and added that it will also apply to cease to be a reporting issuer under applicable Canadian securities laws.Aurion Resources' shares were last seen unchanged at $2.59 on the TSX Venture Exchange, while Agnico Eagle Mines' shares were last seen up $12.82 to $240.23 on the Toronto Stock Exchange.

Aurion Resources Secures Final Court Approval for Its $481-Million Sale to Agnico Eagle

Aurion Resources (AU.V) after trade Wednesday said it received final court approval from the Supreme Court of British Columbia for its $481-million sale to Agnico Eagle Mines (AEM.TO, AEM).Under the agreement, Agnico Eagle will acquire all the Aurion shares it does not already own for C$2.60 per share in cash. The transaction was previously approved by Aurion shareholders and warrant holders at a special meeting held on June 5, according to the statement.The acquisition still requires final approval from the TSX Venture Exchange and the satisfaction of customary closing conditions. If those requirements are met, the deal is set to close on or around June 15, the company said.Aurion shares closed down $0.01 to $2.59 on the TSX Venture Exchange.

Agnico Eagle Buys Prism Resources' Interest In Ontario Royalty

Agnico Eagle Mines (NYSE and TSX: AEM) has agreed to purchase Prism Resources Inc.'s right, title and interest in and to a 7.5% net profit interest royalty over certain properties in the Porcupine Mining District of Ontario owned by Agnico in exchange for $5 million in cash, the company said Thursday.The transaction is subject to a number of customary closing conditions, including approval by Prism's shareholders and receipt of acceptance of the TSX Venture Exchange. Subject to satisfaction of the closing conditions, the transaction is expected to close in the third quarter of 2026, AEM added.Agnico Eagle said it is not acquiring any common shares or other securities in the capital of Prism in connection with the transaction. Immediately before and after the execution and delivery of the Royalty Purchase Agreement, Agnico Eagle owned 5.75 million common shares, representing approximately 11.07% of the issued and outstanding common shares on a non-diluted basis.AEM added: "The transaction is expected to result in the sale or transfer of a material amount Prism's assets and may result in a material change in Prism's business. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional common shares or other securities of Prism or dispose of some or all of the common shares or other securities of Prism that it owns at such time."AEM was down $9.04 or 3.65% to $238.71 in Canada yesterday.

RBC Precious Metals Price Target Changes Brief: Lundin To C$98 From $113; PAAS To US$65 From $75; Agnico To US$230 From $280; Barrick To US$51 From $62

RBC Precious Metals Price Target Changes Brief: Lundin To C$98 From $113; PAAS To US$65 From $75; Agnico To US$230 From $280; Barrick To US$51 From $62

Gold Royalty Valuations Have Contracted, RBC Says

Valuations of gold royalty companies have contracted especially for mid/small cap companies including Triple Flag Precious Metals (TFPM.TO) and OR Royalties (OR.TO), RBC Capital Markets said Wednesday.OR's shares trade at the lowest valuation across the royalty group and a larger discount to historical valuation levels, RBC said.The market value of larger cap royalty companies including Wheaton Precious Metals (WPM.TO) and Franco-Nevada (FNV.TO) valuation has been more resilient, according to RBC.Meanwhile, valuations of senior producers including Agnico Eagle (AEM.TO) have converged.Barrick's (ABX.TO) shares have begun to outperform peers following its positive first-quarter results, resumption of its buyback program, and potential upside from its planned initial public offering in North America.Price: $42.55, Change: $-1.09, Percent Change: -2.50%

CIBC Raises Agnico Eagle Mines Price Target to US$310 from US$304

CIBC Capital Markets on Monday maintained its outperformer rating on shares of Agnico Eagle Mines (AEM.TO, AEM) while raising its price target to US$310 from US$304.The investment bank said higher price target reflects the results of a preliminary economic assessment for the Hope Bay project in Nunavut, fine-tuning the effective tax rate at the Meliadine project, and the miner's favorable first-quarter results.Agnico recently hosted a site tour of the two projects in Nunavut, where the company highlighted its two decades of experience in the territory.At Meliadine, Agnico highlighted its environmental stewardship, approach to human resource management, efforts toward continuous improvements at site, and recent mine life extension to 2036 from 2032.The company plans to apply all of these learnings to advance Hope Bay, including a similar mill blueprint from Meliadine for Hope Bay's mill, CIBC said.Price: $247.01, Change: $-7.02, Percent Change: -2.76%

Agnico Eagle Mines' Outperform Rating, C$350 Price Target Unchanged at National Bank of Canada

National Bank of Canada on Monday reiterated its outperform rating on the shares of Agnico Eagle Mines (AEM.TO, AEM) and its C$350.00 price target after the company decided to go ahead with development of the Hope Bay mine in Nunavut.The bank said higher-than-modelled capital costs at the Hope Bay project, which were estimated at US$2.4 billion, have resulted in a modest reduction in the miner's net asset value per share, the bank said.The rating remains based on Agnico's operations in low-risk jurisdictions, combined with its continued strong/consistent operational performance and improving organic growth outlook."Agnico has maintained capital discipline with increasing capital returns to shareholders," National Bank said."With further outlining the company's long-term growth outlook, we expect the company to maintain its premium multiple relative to peers, trading at 6.8x our EV/2026E EBITDA estimates and 1.08x NAV compared to NBCM Senior Peers at 5.9x and 0.86x, respectively," the bank added.Price: $250.45, Change: $+7.51, Percent Change: +3.09%

Wallbridge Mining Raises $56 Million Via Private Placement

Wallbridge Mining(WM.TO) on Friday said closed a private placement of shares to Agnico Eagle Mines (AEM.TO, AEM) and Waratah Capital Advisors,, raising $56 million.Agnico Eagle purchased 243.9-million shares priced at $0.092. for $22.4 million and Waratah, on behalf of managed investment funds, purchased 364.3-million shares for about $33.5 million. Each of Agnico Eagle and Waratah has a partially-diluted ownership position of, or control or direction over, about 19.9% of the common shares of the company upon closing.Proceeds will be used to fund completion of a pre-feasibility study on the Fenelon project. The company intends to complete the 2026 exploration program at Martiniere, Casault, and Grasset, which is already in progress, but will focus on Fenelon, it added.Shares of the company were last seen up $0.005 $0.105 on the Toronto Stock Exchange.

SSR, OceanaGold, Pan American Silver Have Strongest Cost Performance Among Precious Metals Companies in Q1

SSR Mining (SSR.TO), OceanaGold (OFC.TO) and Pan American Silver (PAAS.TO) showed the strongest cost performance and outperformed their peer-group averages among senior precious metals producers following the first-quarter reporting season, National Bank of Canada said Thursday.Meanwhile, Versamet Royalties (VMET.TO), Metalla Royalty (MTA.V), Wesdome Gold (WDO.TO), Endeavour Silver (EDR.TO), Orezone (ORE.TO) and Barrick Gold (ABX.TO) show the lowest re-rating upside from a first-quarter revisions perspective, National Bank said.Production growth, sustained free cash flow, capital returns, possible M&A activity and/or cost improvements remain potential catalysts for this group, the bank said.Aris Mining (ARIS.TO), Heliostar (HSTR.V), Lundin Gold (LUG.TO), Elemental Royalties (ELE.TO), Agnico Eagle (AEM.TO) and Alamos Gold (AGI.TO) screen as the most attractive catch-up re-rating opportunities, with valuations having moved furthest from estimate revisions, the bank said.

Titan Mining Appoints Ashley Kates as its Interim CFO Effective May 22

Titan Mining (TI.TO) appointed Ashley Kates as its Interim Chief Financial Officer following Kevin Hart's decision to resign for personal reasons, and Matthew Melnyk as its Vice President of Geology and Exploration, effective May 22, it said on Friday.Melnyk, who is a Certified Professional Geologist with over 25 years of mineral exploration experience across the Americas, Africa and Australia, most recently served as Manager of Project Evaluations for Agnico Eagle's (AEM.TO, AEM) Southern Business Unit.Kates has more than 15 years of experience across public company reporting, financial management and operational finance within the mining sector, the company said.Shares of the company closed up 0.3% to $3.29 on Thursday on the Toronto Stock Exchange.

Wallbridge Mining to Raise C$56 Million in Investments from Agnico Eagle, Waratah

Wallbridge Mining Company (WM.TO) has entered into agreements to sell common shares to Agnico Eagle and Waratah Capital Advisors for about C$56.0 million, the company said on Wednesday.Agnico Eagle has agreed to purchase 243.9 million Wallbridge common shares for gross proceeds of C$22.4 million, which, together with Agnico Eagle's existing ownership position of common shares and common share purchase warrants, will result in a partially-diluted ownership interest of 19.9%.Waratah has agreed to purchase 364.3 million Wallbridge common shares for gross proceeds of C$33.5 million, which will result in the Waratah funds having an aggregate pro forma ownership interest of 19.9%.Strategic investments will be made at a price of $0.092 per common share, representing a premium of 15% to Wallbridge's 20-day volume-weighted average price on the Toronto Stock Exchange.The net proceeds of the offering is expected to help fund completion of a pre-feasibility study on the Fenelon project."In our view, these investments underscore the quality and scale of our flagship asset, Fenelon, while providing the capital required to advance it through infill drilling and a pre-feasibility study, which we expect to deliver in late 2027 or early 2028," said Brian Penny, Chief Executive Officer of Wallbridge.The company also plans to seek shareholder approval to complete a 20:1 share consolidation and a renaming of the company to Sunday Lake Gold.

Wallbridge to Advance Fenelon to Pre-Feasibility Study with Strategic Investments from Agnico Eagle and Waratah for Near C$56 Million

Agnico Eagle Mines Makes Positive Investment Decision on Hope Bay Project

Agnico Eagle Mines (AEM.TO) has made a positive investment decision on the Hope Bay project in Nunavut, Canada, the company said on Tuesday.The company has completed a preliminary economic assessment, which contemplates an underground mining operation supported by a 6,000-tonne-per-day processing facility with estimated annual gold production of between 400,000 and 435,000 ounces.The study outlines an initial mine life of 11 years, with upside potential from regional exploration.Initial development capital expenditures are estimated at about US$2.4 billion. Projected average total cash costs per ounce and all in sustaining costs per ounce are approximately $958 and $1,214, respectively.In this initial phase, the Hope Bay project is expected to generate an after-tax internal rate of return of about 26%."The construction and redevelopment of Hope Bay will support the long-term sustainability of our Nunavut operating platform at between 800,000 ounces and one million ounces of annual gold production and represents the first major milestone toward delivering our targeted 20% to 30% production growth over the next decade," said Agnico Eagle President and Chief Executive Officer Ammar Al-Joundi.

Agnico Eagle Sees "Strong" Economic Returns With Expected Annual Gold Production of Over 400,000 Ounces

Agnico Eagle Approving Hope Bay Investment Decision

Cascadia Minerals Launches 15,000-Meter Drill Program at Carmacks Project in Yukon

Cascadia Minerals (CAM.V) has commenced a 15,000-meter diamond drilling program at the Carmacks copper-gold project in Yukon, the company said Monday.This is the largest diamond drill program on the property since 2007, according to Cascadia.Drilling will continue testing expansion of sulfide mineralization at the Carmacks deposit, including step-outs on key 2025 intersections, the company said.Cascadia will also initiate metallurgical and engineering studies to complete work necessary to prepare for a pre-feasibility study in 2028, the company said.Cascadia launched the campaign following a recently completed equity investment by Agnico Eagle (AEM.TO).

Agnico Eagle Mines Up 0.3% In US Premarket As Renews Share Buyback

Agnico Eagle Mines (AEM.TO) said Monday that the Toronto Stock Exchange has approved its notice to renew its normal course issuer bid (NCIB).Under the NCIB, Agnico Eagle may purchase for cancellation, on the open market at its discretion, during the period commencing on May 6, 2026 and ending on the earlier of May 5, 2027 and the completion of purchases under the NCIB, up to the lesser of either 25,024,469 common shares, which is 5% of the issued and outstanding common shares and/or that number of common shares that can be purchased under the NCIB for an aggregate purchase price, excluding commissions, of not more than US$2 billion, subject to the normal terms and limitations of such bids.Based on the closing share price of $188.21 on April 30, 2026, 10,626,428 common shares would be purchasable under the NCIB, representing approximately 2.12% of the issued and outstanding common shares as of April 30, 2026, it said. As of April 30, 2026, Agnico Eagle had 500,489,369 issued and outstanding common shares, it added.Agnico Eagle shares were last seen up 0.3% in US premarket, having been down US$0.81, to US$182.89 a littler earlier.

Agnico Eagle Renewing Normal Course Issuer Bid

National Bank of Canada Boosts Agnico Eagle Mines' Price Target; Outperform Rating Maintained

National Bank of Canada on Friday raised its price target on the shares of Agnico Eagle Mines (AEM.TO) from $345 to $350 while its outperform rating was maintained following the company's first-quarter results.The analysts said they continue to expect production growth of 4.3-million ounces by 2034, supported by upcoming technical reports for Hope Bay and San Nicolas, an update on Canadian Malartic expansion plans in Q3, and expected approvals for Detour Lake underground and Upper Beaver in 2027.They added that their growth estimates could increase further with recent acquisitions in Finland, which may help build a roughly 500,000-ounce production hub over the next decade.Agnico ended Q1 with US$2.91 billion in net cash and plans to expand its share buyback program to US$2 billion. With a strong balance sheet, the company aims to keep returning cash to shareholders while also speeding up development of its organic growth projects, which should provide additional catalysts throughout the year, the analysts said."We updated our estimates to incorporate Agnico Eagle's reported Q1 financial and operating results, including adjusted EBITDA of US$3.01 billion and adjusted EPS of US$3.41/share. Financial Results were above NBCM Estimate due to higher sales/revenue and lower exploration costs," the analysts said.Price: $249.58, Change: $-5.86, Percent Change: -2.29%

Agnico Eagle Mines Profit More Than Doubles, Beats Estimates As Production Falls

Agnico Eagle Mines (AEM.TO, AEM) rose 0.5% in after-hours New York trading on Thursday after the company reported its first-quarter adjusted profit more than doubled year over year and beat analysts' estimates, despite a decline in gold production.The company said adjusted income, excluding most one-time items, rose to US$1.71 billion, or US$3.41 per share, from US$770 million, or US$1.53, a year ago. FactSet expected US$3.24 per share.Quarterly gold production fell to 825,109 ounces from 873,794 ounces in the prior-year period. Agnico said solid production, combined with higher realized gold prices of $4,861 per ounce in the first quarter, resulted in record operating margins and adjusted net income.The company also declared a quarterly cash dividend of $0.45 per share, payable on June 15, to shareholders of record as of June 1. .In the first quarter, the company repurchased 721,211 shares under the NCIB at an average price of $207.68 per share for aggregate purchases of $150 million."We delivered a solid start to 2026, achieving record operating margins while production and costs tracked well to plan. With gold production expected to be weighted to a stronger second half of the year, we are managing cost volatility through disciplined execution and asset optimization, supported by our regional operating model. This positions us well to deliver on our full year guidance," said chief executive Ammar Al-Joundi.In its outlook, Agnico said full year expected payable gold production in 2026 remains unchanged at 3.3 to 3.5 million ounces, with production now weighted approximately 48% to the first half of the year and 52% to the second half. Full year total cash costs per ounce and AISC per ounce in 2026 remain unchanged at $1,020 to $1,120 and $1,400 to $1,550, respectively.The company's shares were last seen up US$1.00 to US$189.13 i after hours. They closed up C$4.22 to C$255.43 on the Toronto Stock Exchange.