-- 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.