Recently, Agnico Eagle made a strategic move by increasing its ownership in Maple Gold Mines Ltd. This decision has solidified Agnico Eagle’s position in the company and the industry as a whole.
Prior to the share purchase, Agnico Eagle had a stake of 11.97% in Maple Gold Mines Ltd. However, with the recent acquisition, their ownership now stands at 19.9% of the issued and outstanding Common Shares.
The investor rights agreement between Agnico Eagle and Maple, dated October 13, 2020, outlines Agnico Eagle’s entitlement to certain rights based on its ownership in Maple. These rights include the option to participate in equity financings to maintain their ownership or acquire up to a 19.90% stake in Maple.
Furthermore, Agnico Eagle’s acquisition of the Common Shares was made for investment purposes, indicating their confidence in the potential growth and development of Maple Gold Mines Ltd.
The conveyance and option agreement signed between Agnico Eagle and Maple on June 20, 2024, is set to bring changes to their existing joint venture agreement. Maple will secure 100% ownership of the Douay Gold Project and Joutel Gold Project, with Agnico Eagle retaining options to acquire a 50% ownership interest in these projects.
For those interested in obtaining more information, an amended early warning report will be filed by Agnico Eagle in compliance with relevant securities laws. For inquiries, you can contact Agnico Eagle Mines Limited at
c/o Investor Relations
145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com
In conclusion, Agnico Eagle’s additional investment in Maple Gold Mines Ltd. signifies a strong commitment to the mining industry. With a focus on sustainability and growth, Agnico Eagle continues to be a leading player in the global market, creating value for its shareholders and maintaining a reputation for excellence in environmental, social, and governance practices.
About Agnico Eagle
Agnico Eagle stands as a Canadian-based senior gold mining company and ranks as the third-largest gold producer worldwide. With operations in Canada, Australia, Finland, and Mexico, Agnico Eagle boasts a diverse portfolio of exploration and development projects in these regions, as well as in the United States.
Forward-Looking Statements
The information presented herein reflects the status as of June 24, 2024. The forward-looking statements contained in this news release offer insights into Agnico Eagle’s future actions and plans, including their commitment to Maple Gold Mines Ltd. and potential transactions under the Conveyance and Option Agreement.
As Agnico Eagle continues to navigate market conditions and explore growth opportunities, their dedication to Maple Gold Mines Ltd. showcases a strategic vision for sustained success and partnership within the mining industry.
For original content, visit: Agnico Eagle’s Additional Investment in Maple Gold Mines Ltd.
SOURCE: Agnico Eagle Mines Limited