$AU.V

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.

Aurion Resources Says Kinross Terminated Option Agreement For Launi East Property

Aurion Resources (AU.V) has received notice from Kinross Gold Corporation's(K.TO) Finnish subsidiary, KG Exploration Finland Oy that Kinross has terminated its option to acquire a 70% interest in Aurion's Launi East Property, Aurion said on Tuesday.As a result, Aurion retains its 100% interest in Launi, it said and added that Kinross has held the option since August 21, 2023, and has incurred total exploration expenditures of more than US$2 million on the Property.Kinross is obligated to provide Aurion with all the technical data resulting from Kinross' work within 45 days of the termination, the company added.

Kinross Gold Terminates Option Agreement For Launi East Property

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.

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