Agnico Eagle Completes Acquisition of O3 Mining

An announcement from Agnico Eagle ( (TSE:AEM) ) is now available.

Agnico Eagle Mines Limited has completed the acquisition of O3 Mining Inc., making it a wholly-owned subsidiary. This acquisition, part of a board-supported takeover bid, involves a cash payment of $1.67 per share to O3 Mining shareholders. The move is expected to enhance Agnico Eagle’s market positioning in the gold mining industry, with O3 Mining’s shares set to be delisted from the TSX Venture Exchange and the company ceasing to be a reporting issuer under Canadian securities laws.

More about Agnico Eagle

Agnico Eagle Mines Limited is a Canadian-based senior gold mining company and the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico. The company is recognized for its sustainability practices and has a strong track record of shareholder value creation, having declared a cash dividend every year since 1983.

YTD Price Performance: 35.18%

Average Trading Volume: 2,261,697

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $52.34B

See more data about AEM stock on TipRanks’ Stock Analysis page.