Stock Symbol: AEM (NYSE and TSX)
Press Release – July 24, 2026 – Toronto
Agnico Eagle Mines Limited has entered into a subscription agreement with Cadillac Mines Corporation to acquire 8,696,000 common shares at C$6.90 each, totaling C$60,002,400. This transaction is contingent on certain closing conditions, including Cadillac’s upcoming initial public offering (IPO). The transaction is expected to close around August 5, 2026.
Ownership Details:
- Prior to the agreement, Agnico Eagle held 22,821,028 shares (approximately 9.70% of outstanding shares).
- Post-transaction, ownership will increase to 31,517,028 shares (approximately 11.09%).
Agnico Eagle retains rights to participate in future equity financing to maintain its ownership stake.
Lock-up Agreement:
Upon IPO close, Agnico Eagle will enter a 180-day lock-up agreement, restricting it from selling or transferring shares without underwriters’ consent.
Strategic Intent:
The share acquisition aligns with Agnico Eagle’s strategy of investing in opportunities with high geological potential.
Contact Information:
Agnico Eagle Mines Limited, 145 King Street East, Suite 400, Toronto, Ontario. Telephone: 416-947-1212. Email: [Investor Relations](mailto:[email protected]).
About Agnico Eagle:
Agnico Eagle is Canada’s largest mining company and the second-largest gold producer globally. It operates in several countries and is committed to sustainable growth and shareholder value, having declared dividends annually since 1983.
Forward-Looking Statements:
This release contains forward-looking statements regarding share acquisitions, ownership interests, IPO closures, and future securities transactions, which are subject to uncertainties and should not be solely relied upon.
Source: Agnico Eagle Mines Limited
