Agnico Eagle sells entire stake in Royal Road Minerals for C$5.5 million

TORONTO - Agnico Eagle Mines Limited (NYSE:AEM) (TSX:AEM), whose stock has delivered an impressive 111% return year-to-date and currently trades near its 52-week high, has sold its entire stake in Royal Road Minerals Limited, according to a press release statement issued Monday.

The gold mining company divested 47,944,981 ordinary shares of Royal Road through the Toronto Stock Exchange at C$0.115 per share, generating total proceeds of C$5,513,673.

Prior to the transaction, Agnico Eagle held approximately 18% of Royal Road’s issued and outstanding ordinary shares on a non-diluted basis. Following the sale, the company no longer holds any ownership interest in Royal Road.

The divestment aligns with Agnico Eagle’s periodic review of its investment portfolio against strategic priorities. The company indicated it completed the sale to monetize its investment in Royal Road and has no current plans to acquire shares or other securities of the company in the future.

Agnico Eagle, Canada’s largest mining company and the world’s second-largest gold producer, operates precious metals mines in Canada, Australia, Finland, and Mexico. The company will file an early warning report regarding the transaction in accordance with applicable securities laws.

The Toronto-based miner focuses on high-quality internal growth projects while complementing its pipeline with strategic positions in opportunities that demonstrate high geological potential.

In other recent news, Agnico Eagle Mines Limited reported strong financial results for the second quarter of 2025, exceeding market expectations. The company achieved an earnings per share (EPS) of CAD 1.94, surpassing the projected CAD 1.75, and recorded revenue of CAD 2.8 billion, which was higher than the anticipated CAD 2.65 billion. In a strategic move, Agnico Eagle acquired 586,619 units of Maple Gold Mines Ltd. through a non-brokered private placement for approximately $351,971. This acquisition includes warrants that allow Agnico Eagle to purchase additional shares under certain conditions. Additionally, the company sold its entire 11.3% stake in Orla Mining Ltd. for C$560.5 million, distributing shares across Canadian, U.S., and international markets. Moody’s Ratings upgraded Agnico Eagle’s long-term issuer rating to A3 from Baa1, citing the company’s debt reduction efforts and stable gold production as key factors. These developments reflect Agnico Eagle’s active management of its investment portfolio and financial strategies.

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