Agnico Eagle Acquires Majority Stake in O3 Mining, Boosts Marban Project

O3 Mining ( (TSE:OIII) ) has issued an announcement.

Agnico Eagle Mines Limited has successfully acquired 94.1% of O3 Mining’s outstanding common shares through a board-supported take-over bid, which offered a significant premium of 58% on the share price. The acquisition, valued at approximately $184.4 million, allows Agnico Eagle to further advance the Marban Alliance project, leveraging its financial strength and mining expertise for future development.

More about O3 Mining

O3 Mining Inc. is a company involved in the mining industry. It focuses on the exploration and development of mining projects, with a notable emphasis on the Marban Alliance project.

YTD Price Performance: 0.88%

Average Trading Volume: 37,433

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $131M

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