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Agnico Eagle Mines Ltd (Ontario) T.AEM

Alternate Symbol(s):  AEM

Metals & Mining Gold
Agnico Eagle Mines Limited is a Canada-based gold mining company, which is engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. The Company has a pipeline of exploration and development projects in these countries as well as in the United States. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine and Pinos Altos. Its exploration site includes Anza, Barsele, Delta, Douay/Joutel, Kirkland Lake Regional, Kuotko, Monument Bay and others. The Canadian Malartic Complex is located over 25 kilometers (km) west of Val-d’Or in northwestern Quebec, Canada. The Detour Lake operation is located in northeastern Ontario, over 300 km northeast of Timmins and 185 km by road northeast of Cochrane, within the northernmost Abitibi Greenstone Belt. The Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo.


TSX:AEM - Post by User

Agnico Eagle Mines Ltd (Ontario) > Looks like Agnico going to make a move to buy Prism
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Post by TheREVOlutionon Mar 04, 2024 2:04am
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Post# 35912559

Looks like Agnico going to make a move to buy Prism

Looks like Agnico going to make a move to buy Prism

They desperately want that 7.5% royalty on that large Detour/Sunday Lake property it covers. At the end of Feb. Agnico  bought ( stole) over 11% of the outstanding shares of Prism in a surprise move from Trevali Mining who is currently under Companies Creditors Arrangement Act (CCAA) or pre-bankruptcy. Why would they do this ?         The only answer is that they are planning to buy the rest of Prism plain and simple so they can finally retire that huge royalty. 

 

I expect .50 cents per share is not out of line here.


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