NYSE:AEMMetals and Mining
Agnico Eagle Refocuses Portfolio With Barsele Sale To Goldsky
Agnico Eagle Mines (NYSE:AEM) is selling its remaining 55% stake in Gunnarn Mining AB, including the Barsele project, to Goldsky Resources.
The consideration includes cash, equity in Goldsky Resources, and a royalty on the project.
The move is part of Agnico Eagle's ongoing portfolio optimization, with an emphasis on its internal project pipeline.
For you as an investor, this deal reflects Agnico Eagle refocusing its capital and attention on projects it considers higher priority. The...