Agnico Eagle ( (TSE:AEM) ) has shared an update.
Agnico Eagle Mines Limited has announced a significant investment in Collective Mining Ltd., subscribing for over 4.7 million shares and exercising warrants to acquire additional shares. This strategic move enhances Agnico Eagle’s exposure to a promising gold exploration project in Colombia, aligning with its strategy to invest in high geological potential projects, and increases its ownership in Collective to approximately 14.99%.
More about Agnico Eagle
Agnico Eagle 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 history of shareholder value creation, consistently declaring a cash dividend since 1983.
YTD Price Performance: 33.02%
Average Trading Volume: 2,268,007
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.07B
Learn more about AEM stock on TipRanks’ Stock Analysis page.
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