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Agnico Eagle Mines Announces Disposition of its Interest in Royal Road Minerals
TORONTO, Sept. 29, 2025 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") announced today that it sold 47,944,981
About this update from Agnico Eagle Mines Limited
[{"type":"text","content":" TORONTO, Sept. 29, 2025 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (\"Agnico Eagle\" or the \"Company\") announced today that it sold 47,944,981 ordinary shares (\"Ordinary Shares\") of Royal Road Minerals Limited (\"Royal Road\") through the facilities of the Toronto Stock Exchange at a price of C$0.115 per Ordinary Share for total consideration of C$5,513,673 (the \"Disposition\"). Immediately prior to the Disposition, Agnico Eagle had beneficial ownership of, or control or direction over, 47,944,981 Ordinary Shares, representing approximately 18% of the issued and outstanding Ordinary Shares on a non-diluted basis. After giving effect to the Disposition, Agnico Eagle does not have beneficial ownership of, or control or direction over, any Ordinary Shares. Agnico Eagle focuses on its high-quality internal growth projects and complements its pipeline of projects with a strategy of acquiring strategic positions in prospective opportunities with high geological potential. Agnico Eagle reviews its investments against its strategic priorities on a periodic basis and may, from time to time, divest certain holdings. Agnico Eagle completed the Disposition in order to monetize its investment in Royal Road and does not currently have any intention to acquire Ordinary Shares or other securities of Royal Road. An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact: Agnico Eagle Mines Limitedc/o Investor Relations145 King Street East, Suite 400Toronto, Ontario M5C 2Y7Telephone: 416-947-1212Email: [email protected] Agnico Eagle is a senior gold mining company organized under the laws of the Province of Ontario and its head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Royal Road's head office is located at Ground Floor, Portman House, 32 Hue Street, St. Helier, Jersey JE2 3RE. About Agnico Eagle Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second largest gold producer in the world. It produces precious metals from operations in Canada, Australia, Finland and Mexico and has a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally ...