Canadian Mining Journal

News

GOLD: Agnico Eagle bulks up treasury with $220M share sale



TORONTO – Agnico Eagle Mines announced on March 27 that it has agreed to issue and sell approximately 5.0 million common shares directly to an institutional investor in the United States. The shares are priced at US$43.97 each for a total consideration of about US$220 million.

Agnico’s LaRonde mine in northern Quebec produced more than 305,000 oz. of gold in 2015 plus silver, zinc and copper.

The company has not named the purchaser.

Proceeds of the sale are to be used for general corporate purposes.

Learn about Agnico’s gold projects in Canada, Finland and Mexico at www.AgnicoEagle.com as the company celebrates its 60th anniversary.