US EditionAGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN FORAN MINING CORPORATION
- On May 14, 2025, Agnico Eagle Mines Limited agreed to a non-brokered private placement to buy 30,000,000 Foran Mining Corporation common shares.
- This investment follows prior holdings and is structured to close in two tranches pending Toronto Stock Exchange and Foran shareholder approvals.
- Agnico Eagle will pay C$3.00 per share for a total of C$90 million, raising its stake to about 13.1% after the first tranche and 13.5% after the second.
- Additionally, Agnico Eagle announced a previous September 28, 2023 follow-on investment acquiring 2,197,300 Azimut Exploration shares at C$1.05 each for C$2.3 million.
- Founded in 1957, Agnico Eagle is a prominent global gold producer that may periodically increase or reduce its investments in Foran or Azimut based on evolving circumstances and strategic considerations.
Insights by Ground AI
Does this summary seem wrong?
48 Articles
48 Articles
All
Left
4
Center
14
Right
5
InsideNoVA.com+46 Reposted by 46 other sources
AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN FORAN MINING CORPORATION
Agnico Eagle increases exposure to Foran Mining
Agnico Eagle Mines (TSX:AEM) has agreed to purchase 30 million voting shares of Foran Mining (TSX:FOM) priced at C$3 each for a total investment of C$90 million Agnico Eagle is the third-largest gold producer in the world Agnico Eagle stock has added 56.19 per cent year-over-year but only 50.48 per cent since 2020 Agnico Eagle Mines (TSX:AEM) has agreed to purchase 30 million voting shares of Foran Mining (TSX:FOM) priced at C$3 each for a total…
Coverage Details
Total News Sources48
Leaning Left4Leaning Right5Center14Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 17%
C 61%
R 22%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
