AGNICO EAGLE ANNOUNCES DISPOSITION OF ITS INTEREST IN ORLA MINING LTD.
Agnico Eagle Mines (NYSE: AEM) has announced the complete divestment of its stake in Orla Mining Ltd. through the sale of 38,002,589 common shares at C$14.75 per share, generating total proceeds of C$560.5 million.
The transaction represents the exit of Agnico Eagle's entire 11.3% ownership position in Orla Mining. The strategic sale aligns with Agnico Eagle's commitment to disciplined capital allocation, allowing the company to redirect resources toward its strategic priorities. The divestment marks the end of a successful investment partnership that began in 2017, during which Orla evolved from a junior exploration company into an established mid-tier gold producer.
Agnico Eagle Mines (NYSE: AEM) ha completato la cessione della sua partecipazione in Orla Mining Ltd. con la vendita di 38.002.589 azioni ordinarie a C$14,75 ciascuna, realizzando un ricavo complessivo di C$560,5 milioni.
L'operazione segna l'uscita dalla sua intera quota di proprietà dell'11,3% in Orla Mining. Questa dismissione, coerente con la politica di allocazione disciplinata del capitale di Agnico Eagle, permette di riallocare le risorse verso le priorità strategiche dell'azienda. L'uscita conclude una partnership di investimento iniziata nel 2017, durante la quale Orla è passata da società esplorativa junior a produttore d'oro di livello medio.
Agnico Eagle Mines (NYSE: AEM) ha anunciado la venta total de su participación en Orla Mining Ltd. mediante la enajenación de 38.002.589 acciones comunes a C$14.75 por acción, obteniendo ingresos totales de C$560.5 millones.
La operación representa la salida de la compañÃa de su posición accionaria completa del 11.3% en Orla Mining. Esta desinversión, alineada con el compromiso de Agnico Eagle con una asignación de capital disciplinada, permite redirigir recursos hacia sus prioridades estratégicas. Asà concluye una asociación de inversión iniciada en 2017, periodo en el que Orla pasó de ser una compañÃa exploradora junior a un productor de oro de tamaño medio.
Agnico Eagle Mines (NYSE: AEM)µç� 38,002,589ì£�ë¥� 주당 C$14.75ì—� 매ê°í•˜ì—¬ Orla Mining Ltd.ì—� 대í•� ì§€ë¶„ì„ ì™„ì „íž� 처분했다ê³� 발표했습니다. ì´ë²ˆ 매ê°ìœ¼ë¡œ ì´� °ä$560.5백만ì� ìžê¸ˆì� 확보ë˜ì—ˆìŠµë‹ˆë‹�.
ì´ë²ˆ 거래ë¡� Agnico Eagleµç� Orla Miningì� ì „ì²´ 11.3% ë³´ìœ ì§€ë¶�ì—서 ì² ìˆ˜í•˜ê²Œ ë˜ì—ˆìŠµë‹ˆë‹�. ì� ì „ëžµì � 매ê°ì€ ìžë³¸ ë°°ë¶„ì� 규율ì� ìœ ì§€í•˜ê² ë‹¤µç” Agnico Eagleì� 방침ì—� 부합하ë©�, 회사가 ìžì›ì� ì „ëžµì � ìš°ì„ ìˆœìœ„ë¡� ìž¬ë°°ì¹˜í• ìˆ� 있게 합니ë‹�. ì´ë²ˆ ì§€ë¶� ì²˜ë¶„ì€ 2017ë…� 시작ë� 성공ì ì¸ íˆ¬ìž íŒŒíŠ¸ë„ˆì‹ì� 종료ë¥� ì˜ë¯¸í•˜ë©°, ê·� 기간 ë™ì•ˆ Orlaµç� 초기 íƒì‚¬ì—…ì²´ì—서 중견 ê¸� ìƒì‚°ì—…ì²´ë¡� 성장했습니다.
Agnico Eagle Mines (NYSE: AEM) a annoncé la cession complète de sa participation dans Orla Mining Ltd. via la vente de 38 002 589 actions ordinaires à C$14,75 chacune, générant des produits totaux de C$560,5 millions.
Cette opération représente la sortie d'Agnico Eagle de sa totalité de détention de 11,3% dans Orla Mining. Cette cession stratégique s’inscrit dans la politique d’allocation disciplinée du capital d’Agnico Eagle et lui permet de réaffecter des ressources vers ses priorités stratégiques. Elle clôt une collaboration d’investissement réussie commencée en 2017, durant laquelle Orla est passée d’une société d’exploration junior à un producteur d’or de taille moyenne.
Agnico Eagle Mines (NYSE: AEM) hat seine Beteiligung an Orla Mining Ltd. vollständig veräußert und 38.002.589 Stammaktien zu je C$14,75 verkauft, wodurch Gesamterlöse von C$560,5 Millionen erzielt wurden.
Die Transaktion markiert den Ausstieg aus der gesamten 11,3%-Beteiligung an Orla Mining. Der strategische Verkauf steht im Einklang mit Agnico Eagles Politik einer disziplinierten Kapitalallokation und ermöglicht dem Unternehmen, Mittel zugunsten seiner strategischen Prioritäten umzuschichten. Damit endet eine erfolgreiche Investitionspartnerschaft, die 2017 begann und in der sich Orla von einem Junior-Explorationsunternehmen zu einem etablierten mittelgroßen Goldproduzenten entwickelt hat.
- Generated C$560.5 million in proceeds from the share sale
- Successful investment exit after supporting Orla's growth from junior explorer to mid-tier producer
- Opportunity to redeploy capital towards strategic priorities
- Demonstrates disciplined capital allocation strategy
- Complete exit from a successful investment position in Orla Mining
- Loss of exposure to Orla's future growth potential
Insights
Agnico Eagle sells entire 11.3% stake in Orla Mining for C$560.5M, monetizing a successful investment to redeploy capital toward strategic priorities.
Agnico Eagle has completely divested its
The timing of this divestiture appears strategic for multiple reasons. First, Orla has successfully transformed from an exploration-stage company into an established mid-tier producer, likely representing a mature point in Agnico's investment thesis. Second, the current strong gold market creates favorable conditions for monetizing this non-core asset at attractive valuations.
From a capital allocation perspective, this transaction aligns with Agnico's disciplined approach to portfolio management. The company periodically reviews its toehold investments against strategic priorities, divesting when appropriate to redirect capital toward higher-priority initiatives. The
For Orla Mining, while losing a major technical and financial backer, this transition potentially creates benefits through increased public float, enhanced trading liquidity, and a broader shareholder base. The cordial statements from both companies' executives suggest this separation is occurring on positive terms, with both parties acknowledging the mutual benefits derived from their seven-year relationship.
Stock Symbol:Â AEM (NYSE and TSX)
"Our investment in Orla has been mutually beneficial for both companies. 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. This demonstrates our commitment to disciplined capital allocation and allows us to redeploy capital to our strategic priorities," said Ammar Al-Joundi, Agnico Eagle's President and Chief Executive Officer. "We would like to thank Orla's management team and board of directors and congratulate them on their success in creating significant value for shareholders."
Immediately prior to the Disposition, Agnico Eagle had beneficial ownership of, or control or direction over, 38,002,589 Common Shares, representing approximately
Agnico Eagle focuses on its high-quality internal growth projects and complements its pipeline of projects with a strategy of acquiring strategic toehold positions in prospective opportunities with high geological potential. Recognizing the strength of Orla's team and the potential of its advanced exploration asset, the Company invested at an early stage and has been a supportive shareholder since Orla was established in 2017. Since then, Orla has transformed from a developer into an established mid-tier producer, led by an accomplished management team and is well-positioned to broaden its shareholder base.
Agnico Eagle reviews its toe-hold 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 Orla and does not currently have any intention to acquire Common Shares or other securities of Orla.
"Since our modest beginnings in 2017 as a junior exploration company, Orla has been fortunate to count cornerstone shareholders like Agnico Eagle among our strongest supporters. Thanks, in no small part, to Agnico Eagle's technical expertise and financial backing, we have now grown into a mid-tier gold producer. This mutually beneficial next step allows Orla to broaden our investor base and enhance long-term liquidity. On behalf of all Orla stakeholders, we extend our sincere thanks to the team at Agnico Eagle for their support and contribution to our success," said Jason Simpson, Orla Mining's President and Chief Operating Officer.
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
Telephone: 416-947-1212
Email: [email protected]
Agnico Eagle is a senior gold mining company organized under the laws of the Province of
About Agnico Eagle
Canadian-based and led, Agnico Eagle is
Forward-Looking Statements
The information in this news release has been prepared as at September 9, 2025. 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 Orla in the future.
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 to download multimedia:
SOURCE Agnico Eagle Mines Limited