Reported 1 day ago
Agnico Eagle Mines Limited (AEM) reported the sale of 38,002,589 common shares of Orla Mining Ltd. at a price of C$14.75 per share, totaling approximately C$560 million. This move, aimed at disciplined capital allocation, allows AEM to redirect capital towards strategic priorities. Additionally, AEM acquired units of Maple Gold Mines Ltd. in a private placement. The company's strong performance in Q2 2025 demonstrated robust cash flow and cost management amidst a favorable gold price environment.
Source: YAHOO