Agnico Eagle sells entire stake in Orla Mining for C$560.5 million

TORONTO - Agnico Eagle Mines Limited (NYSE:AEM) (TSX:AEM), a $77.4 billion market cap gold producer with remarkable year-to-date returns of 99%, sold its entire 11.3% stake in Orla Mining Ltd. for C$560.5 million, the company announced Tuesday. According to InvestingPro data, the company has demonstrated strong financial performance, with revenue growth of 32% in the last twelve months.

The gold producer divested 38,002,589 common shares at C$14.75 per share through the Toronto Stock Exchange. The transaction was completed with buyers across Canada, the United States and other international markets.

"Our investment in Orla has been mutually beneficial for both companies," said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer. "With Orla’s success in evolving into an established intermediate producer and in the context of the current gold market, we believe it is the right time to monetize our investment."

Agnico Eagle had been a shareholder in Orla since the company’s establishment in 2017, initially investing as part of its strategy of acquiring strategic positions in prospective exploration assets.

Following the transaction, Agnico Eagle no longer holds any shares in Orla Mining. The company indicated the divestment aligns with its commitment to disciplined capital allocation and allows for redeployment of capital toward strategic priorities.

Jason Simpson, Orla Mining’s President and Chief Operating Officer, acknowledged Agnico Eagle’s contribution, stating the transaction allows Orla to "broaden our investor base and enhance long-term liquidity."

Agnico Eagle periodically reviews its investments against strategic priorities and may divest certain holdings as part of its normal business operations, according to the press release statement.

The Canadian-based Agnico Eagle is Canada’s largest mining company and the second largest gold producer globally, with operations in Canada, Australia, Finland and Mexico. The company has maintained dividend payments for 33 consecutive years, demonstrating consistent shareholder returns. InvestingPro analysis reveals 14 additional key insights about the company’s performance and prospects, available in the comprehensive Pro Research Report, which provides deep-dive analysis of what really matters for informed investment decisions.

In other recent news, Agnico Eagle Mines Limited reported strong financial results for the second quarter of 2025, beating market expectations. The company achieved an earnings per share of CAD 1.94, surpassing the forecasted CAD 1.75. Additionally, Agnico Eagle Mines recorded a revenue of CAD 2.8 billion, exceeding the projected CAD 2.65 billion. These results highlight the company’s robust performance and operational efficiency. In another development, Moody’s Ratings upgraded Agnico Eagle Mines’ long-term issuer rating to A3 from Baa1. This upgrade is attributed to the company’s solid credit profile, bolstered by stable gold production and significant debt reduction. Agnico Eagle Mines has repaid $1.25 billion in debt between January 2024 and June 2025, demonstrating its commitment to maintaining conservative financial policies. These recent developments reflect positively on the company’s financial health and creditworthiness.

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