Category: Energy Sector

Source: Agnico Eagle Mines

Stock Symbol: AEM (NYSE and TSX)

TORONTO, ON, Jan. 8, 2024 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“AgnicoEagle” or the “Company“) today announced that it will release its fourth quarter and full year 2023 results on Thursday, February 15, 2024, after normal trading hours.

Fourth Quarter and Full Year 2023 Results Conference Call Webcast

Agnico Eagle’s senior management will host a conference call on Friday, February 16, 2024 at 11:00 AM (E.S.T.) to discuss the Company’s financial and operating results.

Via Webcast:

A live audio webcast of the conference call will be available on the Company’s website at www.agnicoeagle.com.

Via URL Entry: 

To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3vf5XBm to receive an instant automated call back.

You can also dial direct to be entered to the call by an Operator. (See “Via Telephone” details below)

Via Telephone:

For those preferring to listen by telephone, please dial 416-764-8659 or toll-free 1-888-664-6392.  To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.

Replay archive:

Please dial 416-764-8677 or toll-free 1-888-390-0541, access code 178426#.  The conference call replay will expire on March 16, 2024.

The webcast, along with presentation slides, will be archived for 180 days on the Company’s website.

Agnico Eagle’s quarterly operating results for 2024 are scheduled to be released as follows, after normal trading hours:

First Quarter – Thursday, April 25, 2024 

Second Quarter – Wednesday, July 31, 2024 

Third Quarter – Wednesday, October 30, 2024

Agnico Eagle’s Annual General Meeting of Shareholders is scheduled to be held on Friday April 26, 2024 at 11:00 AM (E.D.T).

About Agnico Eagle

Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico.  It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States.  Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices.  The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

View original content:https://www.prnewswire.com/news-releases/agnico-eagle-provides-notice-of-release-of-fourth-quarter-and-full-year-2023-results-and-conference-call-302025403.html

SOURCE Agnico Eagle Mines Limited

Source: Agnico Eagle Mines

Stock Symbol: AEM (NYSE and TSX)

TORONTO, Dec. 29, 2023 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it acquired 19,600,000 units (“Units”) of Canada Nickel Company Inc. (TSXV: CNC) (“Canada Nickel”) at a price of $1.18 per Unit for total consideration of approximately $23,128,000 from several sellers that acquired the Units in connection with an offering of flow-through Units by Canada Nickel (the “Share Purchases”). Each Unit was comprised of one common share of Canada Nickel (a “Common Share”) and 0.35 of one common share purchase warrant of Canada Nickel (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $1.77 at any time prior to December 29, 2026, subject to acceleration of the expiry date upon the occurrence of certain events.

Agnico Eagle has spent approximately two years evaluating the critical minerals sector, focusing on Canada and the regions where it operates, where the Company believes it has a competitive advantage. Agnico Eagle’s investment in Canada Nickel represents an early stage investment in this growing sector. Canada Nickel’s large, prospective land package and portfolio of early-stage nickel-sulphide deposits are located in northern Ontario, in close proximity to Agnico Eagle’s operations in the Abitibi region of Ontario and Quebec. Canada Nickel’s Crawford Nickel-Cobalt Sulphide Project has a large nickel resource and is expected to have a low carbon footprint. Aligning with Agnico Eagle’s well-established strategy of early-stage project investments, this investment represents an opportunity to establish a presence in an emerging nickel belt and monitor both the project’s progress and emerging technologies relevant to its development.

Prior to the Share Purchases, Agnico Eagle did not own any Common Shares. Following the Share Purchases, Agnico Eagle owns 19,600,000 Common Shares and 6,860,000 Warrants, representing approximately 12% of the issued and outstanding Common Shares on a non-diluted basis and 15.6% of the issued and outstanding Common Shares on a partially-diluted basis (assuming the exercise of the Warrants).

Concurrently with the Share Purchases, Agnico Eagle and Canada Nickel entered into an investor rights agreement, pursuant to which Agnico Eagle is entitled to certain rights, provided Agnico Eagle maintains certain ownership thresholds in Canada Nickel, including: (a) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in Canada Nickel at the time of such financing or acquire up to a 15.6% ownership interest, on a partially diluted basis, in Canada Nickel; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person to the board of directors of Canada Nickel.

Agnico Eagle acquired the Common Shares and the Warrants for investment purposes.  Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, common share purchase warrants or other securities of Canada Nickel or dispose of some or all of the Common Shares, common share purchase warrants or other securities of Canada Nickel that it owns at such time.

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 Limited
c/o Investor Relations
145 King Street East, Suite 400
Toronto, Ontario  M5C 2Y7
Telephone:  416-947-1212
Email: investor.relations@agnicoeagle.com

Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Canada Nickel’s head office is located at 130 King Street West, Suite 1900, Toronto, Ontario  M5X 1E3.

About Agnico Eagle

Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

For further information regarding Agnico Eagle, contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.

Forward-Looking Statements

The information in this news release has been prepared as at December 29, 2023. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws.  These statements can be identified by the use of words such as “may”, “will” or similar terms.

Forward-looking statements in this news release include, without limitation, statements relating to: Agnico Eagle’s acquisition or disposition of securities of Canada Nickel in the future; the prospects of the critical minerals sector; the prospects and potential resources of Canada Nickel’s properties, including the Crawford Nickel-Cobalt Sulphide Project; and expectations regarding the carbon footprint and potential use of emerging technologies in respect of Canada Nickel’s properties.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.  Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/agnico-eagle-announces-investment-in-canada-nickel-company-inc-302023980.html

SOURCE Agnico Eagle Mines Limited

Source: Agnico Eagle Mines

Stock Symbol:  AEM (NYSE and TSX)

TORONTO, Dec. 20, 2023 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has acquired 19,010,000 units (“Units”) of FireFox Gold Corp. (TSX-V: FFOX) (“FireFox”) in a non-brokered private placement at a price of $0.075 per Unit for total consideration of approximately $1,425,750. Each Unit was comprised of one common share of FireFox (a “Common Share”) and one common share purchase warrant of FireFox (a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $0.10 at any time prior to December 20, 2028, subject to acceleration of the expiry date upon the occurrence of certain events.

Prior to the private placement, Agnico Eagle did not own any Common Shares. Following the private placement, Agnico Eagle owns 19,010,000 Common Shares and 19,010,000 Warrants, representing approximately 10.9% of the issued and outstanding Common Shares on a non-diluted basis and 19.6% of the issued and outstanding Common Shares on a partially-diluted basis.

Agnico Eagle and FireFox entered into an investor rights agreement in connection with the private placement pursuant to which Agnico Eagle was  granted certain rights, provided Agnico Eagle maintains certain ownership thresholds in FireFox, including: (i) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in FireFox at the time of such financing or acquire up to a 19.99% ownership interest, on a partially diluted basis, in FireFox; and (ii) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of FireFox to 10 or more directors, two persons) to the board of directors of FireFox.

Agnico Eagle acquired the Common Shares and the Warrants for investment purposes.  Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, common share purchase warrants or other securities of FireFox or dispose of some or all of the Common Shares, common share purchase warrants or other securities of FireFox that it owns at such time.

On December 20, 2023, Agnico Eagle Finland Oy (“Agnico Finland”), a wholly-owned subsidiary of Agnico Eagle, FireFox Gold Oy (“FireFox Oy”), a wholly-owned subsidiary of Firefox, and FireFox, entered into an earn-in agreement pursuant to which FireFox Oy granted Agnico Finland the right to earn a 51% interest in the Kolho properties owned by FireFox Oy located in northern Finland (the “Kolho Property”). Upon Agnico Eagle earning a 51% interest in the Kolho Property, Agnico Finland and FireFox Oy, among others, will enter into a joint venture agreement governing the relationship of the parties in respect of the Kolho Property, pursuant to which Agnico Finland will be the operator of the project and will be granted the right to acquire an additional 24% interest in the Kolho Property.

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 Limited
c/o Investor Relations
145 King Street East, Suite 400
Toronto, Ontario  M5C 2Y7
Telephone:  416-947-1212
Email: investor.relations@agnicoeagle.com

Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. FireFox’s head office is located at 1021 West Hastings Street, Suite 650, Vancouver, British Columbia  V6C 0C3.

About Agnico Eagle

Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

For further information regarding Agnico Eagle, contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.

Forward-Looking Statements

The information in this news release has been prepared as at December 20, 2023. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws.  These statements can be identified by the use of words such as “may”, “will” or similar terms.

Forward-looking statements in this news release include, without limitation, statements relating to Agnico Eagle’s acquisition or disposition of securities of FireFox in the future and any future interest that Agnico Eagle may earn or acquire in the Kolho Property, and in connection therewith, the entering into of a joint venture agreement between Agnico Eagle and FireFox.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.  Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/agnico-eagle-announces-financing-and-an-earn-in-agreement-with-firefox-gold-corp-302020496.html

SOURCE Agnico Eagle Mines Limited

Source: Agnico Eagle Mines

TORONTO, Oct. 27, 2023 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) today announced that the Supreme Administrative Court of Finland (“SAC”) issued its ruling on Kittila’s operating permit and has restored Kittila’s operating permit to 2 million tonnes per annum (“mtpa”).

“We are pleased with the positive ruling by the Supreme Administrative Court of Finland, which allows Kittila to continue to operate at a rate of 2 mtpa. This ruling is consistent with our excellent environmental performance at Kittila, where we are well below the environmental emission limits. We now expect approximately 30,000 ounces of additional production from the Kittila mine in the fourth quarter of 2023 and we are now expecting to be near the upper end of our total annual production guidance of between 3.24 million ounces to 3.44 million ounces of gold in 2023,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.

In 2020, the Regional State Administrative Agency of Northern Finland granted Agnico Eagle Finland Oy (“Agnico Finland”) environmental and water permits that would allow Agnico Finland to enlarge the CIL2 tailings storage facility, expand the operations of the Kittila mine to 2.0 mtpa and build a new discharge waterline. The permits were subsequently appealed to the Vaasa Administrative Court in Finland. The appeals were granted, in part, in July 2022 with the result that the permits were returned for reconsideration by the Regional State Administrative Agency of Northern Finland. In August 2022, the Company appealed the decisions of the Vaasa Administrative Court to the SAC and requested that the SAC restore the permits. No further appeals are available.

On October 27, 2023, the SAC confirmed that the environmental permits granted to Agnico Finland in 2020 remain valid and production can continue at a rate of 2.0 mtpa in accordance with the permit. The Company operated Kittila at an annualized rate of 2.0 mtpa in the first nine months of 2023 and is now expected to maintain that production rate through the fourth quarter of 2023, providing approximately 30,000 ounces of additional gold production. Overall, the Company now expects gold production to be near the upper end of its annual production guidance of between 3.24 million ounces to 3.44 million ounces per year in 2023.

About Agnico Eagle

Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Forward-Looking Statements

The information in this news release has been prepared as at October 27, 2023. Certain statements contained in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws and are referred to herein as “forward-looking statements”. All statements, other than statements of historical fact, that address circumstances, events, activities or developments that could, or may or will occur are forward looking statements. When used in this news release, the words “achieve”, “aim”, “anticipate”, “could”, “estimate”, “expect”, “forecast”, “future”, “plan”, “possible”, “potential”, “schedule”, “target”, “tracking”, “will”, and similar expressions are intended to identify forward-looking statements. Such statements include, without limitation: the Company’s forward-looking guidance, including gold production; the potential for additional gold production at Kittila; the Company’s ability to obtain the necessary permits and authorizations in connection with its proposed or current exploration, development and mining operations and the anticipated timing thereof; and operations at and expansion of the Kittila mine following the decision of the Finnish courts and administrative bodies. Such statements reflect the Company’s views as at the date of this news release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in the Company’s earnings release for the third quarter of 2023 issued on October 25, 2023, management’s discussion and analysis (“MD&A”) and the Company’s Annual Information Form (“AIF”) for the year ended December 31, 2022 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2022 (“Form 40-F”) filed with the U.S. Securities and Exchange Commission (the “SEC”) as well as: that there are no significant disruptions affecting operations; that production, permitting, development, expansion and the ramp-up of operations at each of Agnico Eagle’s properties proceeds on a basis consistent with current expectations and plans; that the relevant metal prices, foreign exchange rates and prices for key mining and construction inputs (including labour and electricity) will be consistent with Agnico Eagle’s expectations; that Agnico Eagle’s current estimates of mineral reserves, mineral resources, mineral grades and metal recovery are accurate; that seismic activity at the Company’s operations at LaRonde, Goldex and other properties is as expected by the Company and that the Company’s efforts to mitigate its effect on mining operations are successful; that the Company’s current plans to optimize production are successful; that there are no material variations in the current tax and regulatory environment; that governments, the Company or others do not take additional measures in response to the COVID-19 pandemic or otherwise that, individually or in the aggregate, materially affect the Company’s ability to operate its business or its productivity; and that measures taken relating to, or other effects of, the COVID-19 pandemic do not affect the Company’s ability to obtain necessary supplies and deliver them to its mine sites. Many factors, known and unknown, could cause the actual results to be materially different from those expressed or implied by such forward looking statements. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; inflationary pressures; financing of additional capital requirements; cost of exploration and development programs; seismic activity at the Company’s operations, including the LaRonde complex and Goldex mine; mining risks; community protests, including by First Nations groups; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company’s stock price; risks associated with the Company’s currency, fuel and by-product metal derivative strategies; the current rising interest rate environment; the potential for major economies to encounter a slowdown in economic activity or a recession; the potential for increased conflict or hostilities in various regions, including Europe and the Middle East; and the extent and manner to which COVID-19, its variants, and other communicable diseases or outbreaks, and measures taken by governments, the Company or others to attempt to mitigate the spread thereof may directly or indirectly affect the Company. For a more detailed discussion of such risks and other factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the AIF and MD&A filed on SEDAR at www.sedarplus.ca and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company’s other filings with the Canadian securities regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/kittila-court-decision-issued–kittilas-operating-permit-restored-to-2-million-tonnes-per-annum-total-2023-gold-production-now-expected-to-be-near-upper-end-of-annual-guidance-range-301970046.html

SOURCE Agnico Eagle Mines Limited