Agnico Eagle Mines Ltd. - AEM STOCK NEWS

Agnico Eagle Mines Limited (NYSE: AEM) has filed an updated Technical Report for the LaRonde Complex, adhering to National Instrument 43-101 standards. The report details the company's mineral projects and can be accessed on SEDAR and Agnico Eagle's official website. Agnico Eagle, a senior Canadian gold mining company, is recognized for sustainable mining practices and has maintained a consistent cash dividend since 1983. The company operates in Canada, Australia, Finland, and Mexico, with a robust pipeline of exploration and development projects.

Agnico Eagle Mines Limited (AEM) announced senior management changes on March 13, 2023. David Smith, Chief Financial Officer for over a decade, will retire on April 28, 2023. He significantly contributed to the growth of gold production from 250,000 ounces to over 3 million ounces. His successor, Jamie Porter, will join on May 1, 2023, bringing over 20 years of mining industry experience, previously serving as CFO at Alamos Gold. The company is set to release its Q1 2023 results on April 27, followed by an Annual Meeting on April 28, 2023. Both events will be held in a hybrid format.

Agnico Eagle Mines Limited (NYSE:AEM) reported strong financial results for Q4 2022 and full-year 2022. Payable gold production reached a record 3.28 million ounces, with a Q4 production of 799,438 ounces despite inflationary pressures. The company’s net income for Q4 was $205 million ($0.45 per share) and $670 million ($1.53 per share) for the year. Costs increased, with total cash costs per ounce rising to $793 in 2022. Mineral reserves surged by 9% to 48.7 million ounces. Agnico Eagle is set to complete the acquisition of Yamana Gold’s Canadian assets in March 2023, further consolidating its position in the Abitibi gold belt, forecasting annual production growth of 7% through 2025.

Barsele Minerals Corp. provided an operational update on its 2022 exploration activities within the Barsele Gold-VMS Project in Northern Sweden. The company's joint venture partner, Agnico Eagle Mines Limited (AEM), holds 55% ownership and can earn an additional 15%. Significant drilling results include:

• Expansion hole AVA22002: 8.0m grading 2.24 g/t gold
• Expansion hole AVA22003: 3.0m grading 1.95 g/t gold
• Expansion hole AVA22004: 1.0m grading 10.10 g/t gold
• Regional hole RIS22002: 3.0m grading 2.75 g/t gold

The drilling campaign reveals a west-southwesterly expansion of the Avan Zone, indicating potential resource growth.

Agnico Eagle Mines Limited (AEM) announced it will release its fourth quarter and full year 2022 results on February 16, 2023, after trading hours. A conference call with senior management is scheduled for February 17, 2023, at 9:00 AM (E.D.T.) to discuss financial and operational results. Interested parties can listen via a live audio webcast on the company’s website, or by phone. Agnico Eagle, a Canadian gold mining company, operates in Canada, Australia, Finland, and Mexico, with a strong focus on sustainability and governance. Its next financial statements will be released on April 27, July 26, and October 25, 2023.

On November 8, 2022, Pan American Silver and Agnico Eagle Mines announced that their arrangement agreement with Yamana Gold became effective after Gold Fields terminated its prior agreement with Yamana. Consequently, Yamana's special shareholder meeting scheduled for November 21, 2022, is canceled. Yamana is liable to pay a $300 million termination fee to Gold Fields, with Pan American contributing $150 million towards this fee. The arrangement positions both companies for potential growth in the mining sector.

On November 8, 2022, Pan American Silver and Agnico Eagle Mines announced the effectiveness of their arrangement agreement with Yamana Gold, following the termination of Gold Fields' agreement with Yamana. This agreement allows Pan American to contribute $150 million towards a $300 million termination fee that Yamana owes to Gold Fields. As a result, a previously scheduled special meeting of Yamana shareholders is cancelled. Both companies continue to enhance their operational foothold in the mining sector, focusing on silver and gold production.

On November 8, 2022, Pan American Silver and Agnico Eagle Mines announced the execution of an agreement to acquire Yamana Gold. This agreement follows their definitive binding offer dated November 4, 2022, where Pan American aims to acquire all outstanding shares of Yamana. Yamana's board has deemed this a "superior proposal" compared to an existing offer from Gold Fields. The Pan American-Agnico agreement will be effective if the Gold Fields transaction is not approved at the Yamana shareholder meeting on November 21, 2022, or if Gold Fields terminates its agreement, potentially incurring a $300 million termination fee.