Announcement • Mar 20

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of O3 Mining Inc. (TSXV:OIII) from Globex Mining Enterprises Inc. (TSX:GMX), Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others.

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive to acquire O3 Mining Inc. (TSXV:OIII) from Globex Mining Enterprises Inc. (TSX:GMX), Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others for approximately CAD 190 million on December 12, 2024. Pursuant to which Agnico Eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining (the "Common Shares") at CAD 1.67 per Common Share in cash by way of a take-over bid. The Offer is valued at approximately CAD 204 million on a fully diluted in-the-money basis. The offer price of CAD 1.67 per Common Share represents a premium of 57% to the volume weighted average price of the Common Shares on the TSX Venture Exchange for the 20-day period ended December 11, 2024 (the last trading day prior to announcement of the Offer). Agnico Eagle, through a wholly-owned subsidiary, Agnico Eagle Abitibi Acquisition Corp. (the "Offeror"), intends to formally commence the Offer by mailing a take-over bid circular to O3 Mining shareholders on or about December 19, 2024, and O3 Mining's directors' circular is also expected to be mailed to O3 Mining shareholders on or about that date. The Offer will be open for acceptance for a minimum of 35 days following the date of commencement. Only O3 Mining shareholders who tender their Common Shares will receive the cash consideration of CAD 1.67 per Common Share. The Agnico Eagle is entitled to a termination payment of CAD 10 million if the Definitive Agreement is terminated in certain circumstances, including if O3 Mining enters into an agreement with respect to a superior proposal within the meaning of the Definitive Agreement. As of January 23, 2025, Agnico Eagle has taken-up and acquired 110,424,431 common shares of O3 Mining (the "Deposited Shares"), representing approximately 94.1% of the outstanding common shares of O3 Mining. The aggregate consideration payable for the Deposited Shares is $184,408,800. Agnico Eagle will pay for the Deposited Shares by January 28, 2025. As of January 28, 2025, Globex Mining Enterprises completed the sale of 1,185,897 O3 Mining Inc. shares to Agnico Eagle for $1,980,447.99. In connection with the successful take-up of the Deposited Shares under the Offer, the board of directors of O3 Mining was reconstituted to include representatives of Agnico Eagle. The O3 Mining board of directors is now comprised of continuing directors Amy Satov and Bernardo Alvarez Calderon and Agnico Eagle representatives Peter Netupsky, Carol Plummer, Jean Robitaille and Chris Vollmershausen. Peter Netupsky is Vice President, Corporate Development of Agnico Eagle; Carol Plummer is Executive Vice President, Sustainability, People & Culture of Agnico Eagle; Jean Robitaille is Executive Vice President, Chief Strategy & Technology Officer of Agnico Eagle; and Chris Vollmershausen is Executive Vice President, Legal, General Counsel & Corporate Secretary of Agnico Eagle. At Agnico Eagle's request, José Vizquerra and Elijah Tyshynski will continue in their roles as President and Chief Executive Officer and as Chief Financial Officer and Corporate Secretary of O3 Mining, respectively, until the completion of the second-step transaction. Following completion of the amalgamation, the common Shares will be de-listed from the TSX Venture Exchange and O3 Mining will make an application to the Ontario Securities Commission to cease to be a reporting issuer under Canadian securities laws. Upon O3 Mining ceasing to be a reporting issuer, O3 Mining will no longer be subject to the ongoing continuous disclosure and reporting obligations currently imposed on O3 Mining as a reporting issuer and will be a private company that is wholly owned by Agnico Eagle. The Offer is conditional upon, among other conditions, there having been deposited pursuant to the Offer and not withdrawn at the expiry of the initial deposit period not less than two-thirds of the Common Shares then outstanding, excluding the Common Shares beneficially owned, or over which control or direction is exercised, by Agnico Eagle and any person acting jointly or in concert with Agnico Eagle. All directors and officers of O3 Mining, Extract Advisors LLC and certain Franklin Templeton managed funds (collectively representing approximately 22% of the outstanding Common Shares on a basic basis) have agreed under lock-up agreements with Agnico Eagle, to tender their Common Shares to the Offer, including Common Shares beneficially owned, or over which control or direction is exercised, by them, at any time up to and including the expiry time of the Offer. The Board of Directors of O3 Mining, having received a unanimous recommendation from a special committee comprised solely of independent directors of O3 Mining and after receiving outside legal and financial advice, is recommending that O3 Mining shareholders tender their Common Shares and accept the Offer. The recommendation of the Board is supported by fairness opinions provided by Fort Capital Partners ("Fort Capital") to the Board and Special Committee and by Maxit Capital LP to the Board, each stating that the Offer is fair, from a financial point of view, to O3 Mining shareholders (other than Agnico Eagle and its affiliates). On December 19, 2024, Agnico Eagle has commenced its offer to acquire all of the issued and outstanding common shares of O3 Mining not already owned, directly or indirectly, by Agnico Eagle. As of January 23, 2025, All of the conditions of the Offer have been satisfied or waived. Agnico Eagle has extended the expiry time of the Offer by a mandatory period of 10 days to 11:59 p.m. (EST) on February 3, 2025 (the "Expiry Time") in order to allow the remaining shareholders of O3 Mining to tender their Common Shares to the Offer and receive the all-cash offer price of $1.67 per Common Share. As of February 4, 2025, the tender offer has been expired. Agnico Eagle has taken-up and acquired an aggregate of 114,785,237 Common Shares that were tendered to the Offer, representing approximately 95.6% of the issued and outstanding Common Shares on a basic basis. As a result, as of the date hereof, Agnico Eagle beneficially owns, and exercises control and direction over, an aggregate of 115,842,990 Common Shares, representing approximately 96.5% of the issued and outstanding Common Shares on a basic basis. Agnico Eagle will pay for the Deposited Shares by February 6, 2025. The amalgamation is expected to close prior to March 31, 2025. As of March 17, 2025 O3 Mining Shareholders approved the transaction which is now expected to close on March 18, 2025. Edgehill Advisory Ltd. is acting as financial advisor to Agnico Eagle. Patricia L. Olasker, Marc Pontone, Andrew Mihalik and Jim Dinning of Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Agnico Eagle. Maxit Capital is acting as financial advisor and fairness opinion provider to O3 Mining. Sander A.J.R. Grieve, Andrew N. Disipio, Jean Tessier, Vanessa Trépanier, Jeff Taylor, Philip B. Ward, Julia Qian Wang, Zirjan (Zee) J. Derwa, Talia K. Bregman and Simon Grant Bennett of Jones LLP is acting as legal advisor to O3 Mining. Fort Capital is acting as financial advisor and fairness opinion provider to the Special Committee. Jay Goldman, Lindsay Clements and Jasmine Qin of Cassels Brock & Blackwell LLP is acting as legal advisor to the Special Committee. Laurel Hill Advisory Group acted as depository and information agent to O3 Mining. Odyssey Trust Company acted as transfer agent to O3 Mining. Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of O3 Mining Inc. (TSXV:OIII) from Globex Mining Enterprises Inc. (TSX:GMX), Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others on March 18, 2025. Agnico Eagle Mines completed the acquisition of 100% of the outstanding common shares of O3 Mining (the "Common Shares") pursuant to the amalgamation (the "Amalgamation") of O3 Mining and Agnico Eagle Abitibi Acquisition Corp., a wholly-owned subsidiary of Agnico Eagle. O3 Mining is now a wholly-owned subsidiary of Agnico Eagle. It is expected that the Common Shares will be delisted from the TSX Venture Exchange on or around March 20, 2025 and O3 Mining will file an application to cease to be a reporting issuer under Canadian securities laws.

Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	6/6
Financial Health	5/6
Dividends	4/6

Historical stock prices
Current Share Price	US$124.30
52 Week High	US$0
52 Week Low	US$0
Beta	0.57
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	93.61%
5 Year Change	143.73%
Change since IPO	446.13%

	AEM	CH Metals and Mining	CH Market
7D	n/a	-0.6%	0.7%
1Y	n/a	69.8%	17.3%

AEM volatility
AEM Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	7.2%
Market Average Movement	4.3%
10% most volatile stocks in CH Market	7.4%
10% least volatile stocks in CH Market	2.1%

AEM fundamental statistics
Market cap	CHF 62.22b
Earnings (TTM)	CHF 4.29b
Revenue (TTM)	CHF 10.88b

AEM income statement (TTM)
Revenue	US$13.54b
Cost of Revenue	US$3.54b
Gross Profit	US$10.00b
Other Expenses	US$4.66b
Earnings	US$5.34b

Earnings per share (EPS)	10.68
Gross Margin	73.87%
Net Profit Margin	39.46%
Debt/Equity Ratio	0.7%

Agnico Eagle Mines dividend dates
Ex Dividend Date	Sep 01 2026
Dividend Pay Date	Sep 15 2026
Days until Ex dividend	60 days
Days until Dividend pay date	74 days

Data	Last Updated (UTC time)
Company Analysis	2026/07/02 09:48
End of Day Share Price	2026/07/02 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
Harriet Li	Accountability Research Corporation
Richard Gray	ATB Cormark
Farooq Hamed	Barclays

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Price History & Performance

Recent News & Updates

Insufficient new directors

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of remaining 86.1% stake in Rupert Resources Ltd. (TSX:RUP) from BlackRock, Inc. (NYSE:BLK) and others.

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of remaining 93.1% stake in Aurion Resources Ltd. (TSXV:AU) from Global Strategic Management Inc. and others.

Agnico Eagle Mines Limited (NYSE:AEM) announces an Equity Buyback for 25,024,469 shares, representing 5% for $2,000 million.

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of 70% stake in Fingold Ventures Ltd. from B2Gold Corp. (TSX:BTO).

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive arrangement agreement to acquire remaining 93.1% stake in Aurion Resources Ltd. (TSXV:AU) from Global Strategic Management Inc. and others for approximately CAD 410 million.

Recent updates

Insufficient new directors

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of remaining 86.1% stake in Rupert Resources Ltd. (TSX:RUP) from BlackRock, Inc. (NYSE:BLK) and others.

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of remaining 93.1% stake in Aurion Resources Ltd. (TSXV:AU) from Global Strategic Management Inc. and others.

Agnico Eagle Mines Limited (NYSE:AEM) announces an Equity Buyback for 25,024,469 shares, representing 5% for $2,000 million.

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of 70% stake in Fingold Ventures Ltd. from B2Gold Corp. (TSX:BTO).

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive arrangement agreement to acquire remaining 93.1% stake in Aurion Resources Ltd. (TSXV:AU) from Global Strategic Management Inc. and others for approximately CAD 410 million.

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive arrangement agreement to acquire remaining 86.5% stake in Rupert Resources Ltd. (TSX:RUP) for approximately CAD 2.5 billion.

Vior Gold Corporation Inc. (TSXV:VIO) entered into an asset purchase agreement to acquire Kinebik, Peacock and Launay properties located in the Abitibi Greenstone Belt, Quebec from Agnico Eagle Mines Limited (NYSE:AEM) for CAD 6.2 million.

Agnico Eagle Mines Limited Provides Update on 2026 Exploration Plans

Goldsky Resources Corp. (TSXV:GSKR) agreed to acquire remaining 55% stake in Barsele Project from Agnico Eagle Mines Limited (NYSE:AEM) for approximately CAD 290 million.

Agnico Eagle Mines Limited, Annual General Meeting, May 01, 2026

Agnico Eagle Mines Limited to Report Q4, 2025 Results on Feb 12, 2026

Agnico Eagle Mines Limited Reiterates Production Guidance for the Full Year 2025

Agnico Eagle Mines Limited (NYSE:AEM) acquired Detour East Claims from Wallbridge Mining Company Limited (TSX:WM) for CAD 8 million.

Agnico Eagle Mines Limited Declares Quarterly Cash Dividend, Payable on September 15, 2025

Agnico Eagle Mines Ltd. Provides an Update on Its 100%-Owned Upper Beaver Project Located in the Kirkland Lake Camp of Northeastern Ontario

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of O3 Mining Inc. (TSXV:OIII) from Globex Mining Enterprises Inc. (TSX:GMX), Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others.

Agnico Eagle Mines Limited, Annual General Meeting, Apr 25, 2025

Agnico Eagle Mines Limited to Report Q1, 2025 Results on Apr 24, 2025

ONGold Resources Ltd. (TSXV:ONAU) completed the acquisition of The Monument Bay Gold Project located in Manitoba from Agnico Eagle Mines Limited (NYSE:AEM) and Capella Minerals Limited (TSXV:CMIL).

ONGold Resources Ltd. (TSXV:ONAU) completed the acquisition of Domain Project located in Manitoba, Canada from Capella Minerals Limited (TSXV:CMIL) and Agnico Eagle Mines Limited (NYSE:AEM).

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive to acquire O3 Mining Inc. (TSXV:OIII) from Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others for approximately CAD 190 million.

Orosur Mining Inc. (TSXV:OMI) completed the acquisition of remaining 51% stake in Anzá Project in Colombia from Newmont Corporation (NYSE:NEM) and Agnico Eagle Mines Limited (NYSE:AEM).

ONGold Resources Ltd. (TSXV:ONAU) agreed to acquire The Monument Bay Gold Project from Agnico Eagle Mines Limited (NYSE:AEM) and Capella Minerals Limited (TSXV:CMIL)

Agnico Eagle Mines Limited Declares Cash Dividend for the Fourth Quarter of 2024, Payable on December 16, 2024

Agnico Eagle Mines Limited announced that it expects to receive CAD 55.208001 million in funding

Second quarter dividend of US$0.40 announced

Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.66 in 2Q 2023)

CEO, President & Director recently sold CHF10m worth of stock

Upcoming dividend of US$0.40 per share

Chair of the Board of Directors recently sold CHF7.2m worth of stock

First quarter dividend of US$0.40 announced

First quarter 2024 earnings released: EPS: US$0.70 (vs US$3.87 in 1Q 2023)

Agnico Eagle Mines Limited Provides Gold Production Guidance for 2024

Full year 2023 earnings released: EPS: US$3.97 (vs US$1.53 in FY 2022)

Fourth quarter dividend of US$0.40 announced

Full year 2023 earnings released: EPS: US$3.97 (vs US$1.53 in FY 2022)

Agnico Eagle Declares Quarterly Cash Dividend, Payable on March 15, 2024

Agnico Eagle Mines Limited to Report Q2, 2024 Results on Jul 31, 2024

Upcoming dividend of US$0.40 per share at 3.2% yield

Third quarter 2023 earnings released: EPS: US$0.36 (vs US$0.17 in 3Q 2022)

Agnico Eagle Mines Limited Announces Transition of Boyd from Executive Chair to Chair of the Board of Directors, Effective December 31, 2023

Upcoming dividend of US$0.40 per share at 3.3% yield

Agnico Eagle Mines Limited Provides Production Guidance for the Year 2023

Agnico Eagle Mines Limited Approves Quarterly Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings released: EPS: US$0.66 (vs US$0.61 in 2Q 2022)

Upcoming dividend of US$0.40 per share at 3.1% yield

Executive VP of Legal recently sold CHF234k worth of stock

Full year 2022 earnings released: EPS: US$1.53 (vs US$2.31 in FY 2021)

CEO & Non-Independent Director recently bought CHF350k worth of stock

Agnico Eagle Mines Limited Provides Production Guidance for the Full Year 2023, 2024, 2025

Full year 2022 earnings released: EPS: US$1.53 (vs US$2.23 in FY 2021)

Agnico Eagle Mines Limited Declares Quarterly Cash Dividend, Payable on March 15, 2023

Agnico Eagle Mines Limited to Report Q4, 2022 Results on Feb 16, 2023

Insider recently sold CHF171k worth of stock

Insider recently sold CHF500k worth of stock

Independent Director recently bought CHF118k worth of stock

Upcoming dividend of US$0.40 per share

High number of new directors

Third quarter 2022 earnings released: EPS: US$0.17 (vs US$0.47 in 3Q 2021)

Upcoming dividend of US$0.40 per share

Second quarter 2022 earnings released: EPS: US$0.61 (vs US$0.78 in 2Q 2021)