NYSE:AEMMetals and Mining
Agnico Eagle Mines (AEM) Is Up 7.4% After Authorizing US$2 Billion Share Buyback Program
Agnico Eagle Mines recently completed a US$728.29 million share repurchase program and, on May 4, 2026, its board authorized a new normal course issuer bid of up to US$2.00 billion to buy back and cancel as many as 25,024,469 shares, or 5% of its outstanding stock.
This stepped-up buyback, coming on the heels of first-quarter net income of US$1.70 billion and record operating margins, underscores management’s confidence in the company’s balance sheet strength and cash generation.
We’ll now...