Agnico Eagle Mines Ltd. - AEM STOCK NEWS

Agnico Eagle Mines has launched a friendly all-cash offer to acquire O3 Mining for $1.67 per share, representing a 58% premium to O3's closing price on December 11, 2024. The offer has received unanimous recommendation from O3 Mining's Board and Special Committee, with shareholders representing 39% of outstanding shares already supporting the deal through lock-up agreements. These supporting shareholders include all directors and officers, Gold Fields , Extract Advisors , and certain Franklin Templeton managed funds. Shareholders must tender their shares by January 23, 2025 at 11:59 p.m. EST to participate in this offer.

Agnico Eagle Mines (NYSE: AEM) and O3 Mining have announced Gold Fields' support for their takeover bid. Agnico Eagle is offering to acquire all outstanding O3 Mining common shares for $1.67 per share in cash, representing a 57% premium to the 20-day volume weighted average price ending December 11, 2024.

Gold Fields, O3 Mining's largest shareholder with approximately 17% ownership, has agreed to tender its shares. Including Gold Fields' commitment, Agnico Eagle has secured lock-up agreements with shareholders owning about 39% of outstanding shares, including all directors and officers. The offer has received unanimous recommendation from O3 Mining's Board of Directors and Special Committee of independent directors.

Agnico Eagle Mines and O3 Mining have announced Gold Fields' support for their takeover bid, where Agnico Eagle offers to acquire all outstanding O3 Mining shares for $1.67 per share in cash. This represents a 57% premium over O3 Mining's 20-day volume-weighted average price on TSX Venture Exchange ending December 11, 2024.

Gold Fields, O3 Mining's largest shareholder with approximately 17% ownership, has agreed to a lock-up agreement with Agnico Eagle. Including this agreement, Agnico Eagle has secured lock-up agreements with shareholders owning about 39% of outstanding shares, including all directors and officers. The offer has received unanimous recommendation from O3 Mining's Board of Directors and Special Committee.

Agnico Eagle Mines (NYSE: AEM) has announced a definitive agreement to acquire O3 Mining in an all-cash transaction valued at approximately $204 million. The offer price of $1.67 per share represents a 57% premium to O3 Mining's 20-day volume-weighted average price as of December 11, 2024.

The primary asset in this acquisition is O3 Mining's Marban Alliance property near Val d'Or, Quebec, adjacent to Agnico Eagle's Canadian Malartic complex. The Marban deposit contains indicated mineral resources of 52.4 million tonnes grading 1.03 g/t gold (1.7 million ounces) and inferred resources of 1.0 million tonnes grading 0.97 g/t gold (32,000 ounces).

The transaction has received unanimous board recommendation and support from shareholders representing 22% of outstanding shares. The offer will remain open until January 23, 2025.

Agnico Eagle Mines has announced a definitive agreement to acquire O3 Mining through an all-cash offer of $1.67 per share, representing a 58% premium to O3's closing price on December 11, 2024. The transaction, valued at approximately $204 million, has received unanimous recommendation from O3 Mining's Board and Special Committee, with support from shareholders representing 22% of outstanding shares.

The primary asset in this acquisition is O3 Mining's 100%-owned Marban Alliance property near Val d'Or, Quebec, adjacent to Agnico Eagle's Canadian Malartic complex. The Marban deposit contains indicated mineral resources of 52.4 million tonnes grading 1.03 g/t gold (1.7 million ounces) and inferred resources of 1.0 million tonnes grading 0.97 g/t gold (32,000 ounces).

Agnico Eagle Mines (AEM) reported strong Q3 2024 financial results with record free cash flow for the fourth consecutive quarter. Key highlights include: payable gold production of 863,445 ounces at production costs of $908/oz; record quarterly adjusted net income of $572.6M ($1.14/share); and record cash from operations of $1.08B. The company strengthened its balance sheet by reducing debt by $375M and increasing cash position by $55.2M to $977.2M. Total debt outstanding was $1.47B as of September 30, 2024. The company remains on track to meet its 2024 production guidance, with strong performance driven by operations in Nunavut, Macassa, and Fosterville.

Agnico Eagle Mines has agreed to invest US$40 million in ATEX Resources through a private placement of 33,869,939 units at C$1.63 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at C$2.50 for five years. Upon closing, expected October 30, 2024, Agnico Eagle will own approximately 13.21% of ATEX's outstanding shares (non-diluted) and 18.59% on a partially-diluted basis. The investment aligns with Agnico Eagle's strategy of making strategic equity investments in projects with high geological potential, providing exposure to an early-stage copper-gold exploration project in Chile.

Agnico Eagle Mines (NYSE: AEM, TSX: AEM) has announced the release date for its third quarter 2024 results. The company will disclose the results on Wednesday, October 30, 2024, after normal trading hours. A conference call and webcast for senior management to discuss the financial and operating results is scheduled for Thursday, October 31, 2024, at 11:00 AM (E.D.T.).

Interested parties can participate via webcast by registering on the company's website or through a provided link. Phone participation is also available by dialing specific numbers. A replay of the conference call will be accessible until November 30, 2024, and the webcast, along with presentation slides, will be archived on the company's website for 180 days.

Agnico Eagle Mines (NYSE: AEM, TSX: AEM) has filed an updated technical report for the Detour Lake mine in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. This report is now accessible on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.agnicoeagle.com). The filing of this technical report represents an important update for investors and stakeholders interested in the Detour Lake mine operations and potential.