$AEM.TO
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Cascadia Minerals Completes Private Placement With Agnico Eagle, Other Investors
Cascadia Minerals (CAM.V) on Thursday said it completed a non-brokered private placement with Agnico Eagle Mines (AEM.TO) and other investors, it said Thursday afternoon.The company sold two types of shares. It issued about 19.3-million subscribed units to Agnico Eagle at $0.26 each, raising about $5 million. It also sold 10-million critical minerals flow-through (CFT) units to other investors at $0.384 each, raising about $3.8 million.Proceeds from the sale of the subscribed units will be used for general working capital and to support the Carmacks project, and funds from the sale of the CFT units will be used for Canadian exploration expenses, the company added.After the closing of the offering, Agnico Eagle now owns about 29.3-million Cascadia shares and nearly 14.7 million warrants, for a 14.17% stake in the company.The company's shares closed down $0.02 to $0.32 on the TSX Venture Exchange.Price: $0.32, Change: $-0.02, Percent Change: -5.88%
FireFox Gold Provides Update Agnico Eagle's Exploration of Kolho Property, Finland
Agnico Eagle Mines (AEM.TO) has completed about US$2.94 million of exploration expenditures on the Kolho property in northern Finland, FireFox Gold (FFOX.V) said on Thursday.Agnico Eagle has the right to earn a 51% interest in the Kolho property by incurring exploration expenditures totalling US$5.0 million before the fifth anniversary of the earn-in agreement, which was signed in December 2023. Of this, US$2.0 million was required to be spent by the third anniversary of the granting of certain permits.The 2026 diamond drilling program began in early March at the Rova exploration permit with two drill holes, totalling 464 metres. In mid-March the drill rig moved to continue drilling at the Hilla exploration permit to test geophysical and structural anomalies. The three additional holes at Hilla totalled 934 metres of drilling, a statement said."Agnico has established itself as the premier gold explorer and miner in the region, and we are pleased to continue our partnership at Kolho," said FireFox chief executive Carl Lofberg."It is significant that they have now completed two drill programs on the back of results from systematic BoT sampling and geophysical surveys. Much of the property remains substantially unexplored while occupying a very attractive geological setting. We look forward to the results from the ongoing program."FireFox Gold shares closed down $0.03, to $0.63, on the TSX Venture Exchange on Wednesday.
B2Gold Closes Sale of 70% Stake in Fingold to Agnico Eagle
B2Gold (BTO.TO) has completed the sale of a 70% interest in Fingold Ventures to Agnico Eagle Mines (AEM.TO) for US$325 million, B2Gold said Thursday.Fingold owns several exploration claims adjacent to Rupert Resources' (RUP.TO) Ikkari project in Finland.B2Gold plans to use the proceeds to further strengthen its financial position, to continue to purchase shares under its recently renewed normal course issuer bid, and for general working capital purposes, the company previously said.Aurion Resources (AU.V) owns the remaining 30% in Fingold.
B2Gold Completes Sale of its 70% Interest in Fingold
Update: Agnico Eagle Consolidaing Finland's Central Lapland Greenstone Belt In Three Separate Deals; Involves Rupert, Aurion, B2Gold
(Adds additional detail on the B2Gold deal in the fourth paragraph and further details on the three separate transactions in the fifth and sixth paragraphs)Agnico Eagle Mines (NYSE and TSX: AEM) announced Monday a plan to complete a consolidation of properties in the Central Lapland Greenstone Belt of Northern Finland that involves it entering into definitive agreements in respect of three separate transactions.These transactions include the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. (RUP.TO); the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. (AU.V); and the acquisition of a 70% interest in Fingold Ventures Ltd. held by B2Gold Corp. (BTO.TO), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV.A statement noted the company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.For its deal, B2Gold has agreed to sell to Agnico its 70% interest in Fingold in exchange for US$325 million in cash. In addition, B2Gold and Agnico Eagle have agreed to enter into a collaboration agreement related to their respective gold mining operations located in Nunavut, Canada.On the three separate transactions, Agnico said it puts Finland on 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; and "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."AEM added the three separate transactions consolidate an approximate 2,492 km squared regional land position within the under-explored Central Lapland Greenstone Belt, "unlocking significant exploration potential with robust targets across all stages of exploration"; while integrating Ikkari into the company's established Finland platform delivers operating, development and construction synergies estimated at up to C$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, Ammar Al-Joundi said: "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".Shares in AEM were last look down 1.1% in US premarket trade on Monday, amid a lower U.S. futures market. AEM was up 2.3% in Canada and 2.4% in the U.S. last Friday.
Agnico Eagle Consolidaing Finland's Central Lapland Greenstone Belt In Three Separate Deals; Involves Rupert, Aurion, B2Gold
Agnico Eagle Mines (NYSE and TSX: AEM) announced Monday a plan to complete a consolidation of properties in the Central Lapland Greenstone Belt of Northern Finland that involves it entering into definitive agreements in respect of three separate transactions.These transactions include the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. (RUP.TO); the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. (AU.V); and the acquisition of a 70% interest in Fingold Ventures Ltd. held by B2Gold Corp. (BTO.TO), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV.A statement noted the company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.Agnico Eagle's President and Chief Executive Officer, Ammar Al-Joundi said: "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".Shares in AEM were last look down 1% in US premarket trade on Monday, amid a lower U.S. futures market. AEM was up 2.3% in Canada and 2.4% in the U.S. last Friday.
Agnico Eagle To Buy Aurion Resources In All Cash Transaction For Near C$481M; Also Rupert Resources To Be Acquired By Agnico Eagle
Agnico Eagle To Consolidate Finland's Central Lapland Greenstone Belt In Three Separate Transactions; Involves Rupert, Aurion, B2Gold
RBC Outlines OR Royalties' Stance On Sector Consolidation, Buybacks
RBC Capital Markets said Friday that it hosted investor meetings with OR Royalties (OR.TO) chief executive Jason Attew and Grant Moenting, the company's vice president of capital markets.RBC said it reviewed key questions asked by investors and a summary of management's responses.When asked why OR was less active in 2025, the company said it would remain disciplined in its capital allocation.RBC noted that management outlined low success in 2025 due to elevated valuations and returns below target thresholds, increased competition and capital availability, and 25%of deals were unsecured, which is a non-starter for OR.As for OR's outlook for return of capital, management expressed willingness to repurchase shares to drive per share growth rather than pursue dilutive acquisitions.The company said it expects to maintain an opportunistic buyback throughout 2026, contingent on investment opportunities and internal valuation.OR anticipates royalty sector consolidation to continue, driven by a significant increase of new entrants to an already fragmented industry, RBC said.Meanwhile, OR's management believes that the opportunity at the Malartic operation in Quebec is largely overlooked. The company owns a 5% net smelter royalty in the mine owned by Agnico Eagle Mines (AEM.TO).Malartic is currently undergoing a transition from low grade open-pit mining to high gradeunderground mining, RBC said.RBC maintained OR's outperform rating and US$56 price target. The company traded at US$39.65 per share at last look on the New York Stock Exchange.Price: $54.70, Change: $-0.11, Percent Change: -0.20%
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