NYSE:AEMMetals and Mining
Agnico Eagle’s Renewed US$2.0b Buyback And The Capital Return Tradeoff
Agnico Eagle Mines (NYSE:AEM) has received approval for a renewed normal course issuer bid.
The program allows the company to repurchase and cancel up to 25 million shares.
The buyback is framed as part of Agnico Eagle’s broader capital allocation plans.
Agnico Eagle Mines is a major gold producer, so this new buyback comes at a time when investors are watching precious metals companies for capital return decisions as much as production updates. For you as a shareholder or potential...