Últimas noticias sobre Agnico Eagle Mines (NYSE:AEM) Bolsa

Agnico Eagle Mines

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

Agnico Eagle Mines Ltd

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Agnico Eagle Mines shares are trading higher after Scotiabank maintained a Sector Outperform rating on the stock and raised its price target from $103 to $105.

Scotiabank analyst Tanya Jakusconek maintains Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) with a Sector Outperform and raises the price target from $103 to $105.

News

Price Target

Analyst Ratings

Scotiabank Maintains Sector Outperform on Agnico Eagle Mines, Raises Price Target to $105

The C$1.67 per share offer by Agnico Eagle for O3 Mining appears to value O3 Mining at an Enterprise Value of C$162.8m1, representing a significant discount to both sell side analyst Net Present Value "NPV" estimates at C$1.6bn2, and in our analysis – updating pre-feasibility estimates – also a C$1.6bn NPV3.
In our assessment Agnico Eagle will maximize its profit participation in O3 Mining only by raising the price of its takeover offer, given what appears to be a significant gap between the current takeover offer and NPV, and assuming an otherwise constrained tender ratio by independent shareholders who would then retain as minority shareholders a significantly larger share of the development profit available.
In the scenario of the current offer price remaining unchanged, and assuming the 90% delisting threshold is not achieved, non-tendering shareholders may judge their optimal outcome as continued public float ownership alongside Agnico Eagle as majority owner and as a well-funded, and arguably best-in-class, development partner.
 LONDON, Jan. 17, 2025 (GLOBE NEWSWIRE) -- &nbsp;
GreenAsh Partners oversees investment funds including the GA-Courtenay Special Situations Fund, which holds 3,393,500 shares in O3 Mining, or 2.7% of the shares outstanding4.
On December 12th, 2024, Agnico Eagle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) announced a recommended takeover of O3 Mining (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/OIII#TSXV">OIII</a>) at an all cash offer for C$1.67 per share, which it has not yet declared as final5.
We believe independent shareholders will welcome the aspect of the deal design that requires just 662/3% acceptance by shareholders, and a condition which the offeror has reserved the right to waive to no less than 50% acceptance6. The attraction of this characteristic is in its prospective allowing of non-tendering shareholders a long-term profit participation in that listed O3 Mining equity remaining post-takeover and with Agnico Eagle as majority shareholder (assuming the 90% of tenders required for de-listing7 is not achieved).
However, we are perplexed at what appears to be the deeply discounted valuation&nbsp;of the proposed takeover of O3 Mining and a pricing level which may deliver no material advantage to Agnico Eagle, to the extent that, if shareholders agree with our assessment of deep undervaluation, this&nbsp;is likely to disincentivise meaningful tenders beyond the 39% irrevocables already committed8.
For an independent assessment of the Net Present Value of O3 Mining we would point to, prior to the takeover announcement, the published NPV estimates by a number of sell side brokers. For example, research by Canaccord, published on November 19th 2024, estimated the NPV of O3 Mining at C$1.6bn9.
By comparison, the C$1.67 per share offer by Agnico Eagle values the equity of O3 Mining at C$204m, yet this equates to an Enterprise Value "EV" of just C$162.8m post adjustments for net cash and investments including marketable securities10.
Even the 2022 pre-feasibility study ("PFS") of O3 Mining, written by Ausenco Engineering Canada and who can also be considered as independent experts, estimated a C$639m NPV (5% discount rate) for core asset the Marban Mining Project albeit using a $1,900 gold price input11, significantly below the current gold price of $2,700.
Simply by extrapolating the sensitivity scale in the same PFS, and applying cost base inflation estimates, in our analysis the NPV output today also rises to C$1.6bn, a match of the Canaccord estimate, and indicating the offer EV on an up-to-date basis may be at as much as a 90% discount to NPV.
A deeply discounted offer consideration is only rational from the perspective of an offeror when the additional cost of raising the offer sufficient to achieve 100% of tenders would exceed the profit otherwise sacrificed by the offeror due to the failure of its deeply discounted offer to achieve the full tender ratio (this profit sacrifice calculated as: the development profit [i.e. the gap between takeover price and NPV] multiplied by the percentage of shareholders that do not tender).
In this case, the gap between takeover price and NPV appears very significant, and as such, the optimal economic outcome from the perspective of Agnico Eagle may only be reached by a meaningful raise in their offer price, assuming for the alternative of an unchanged offer price that tenders are not materially higher than the minimum thresholds.
Naturally, we believe independent shareholders would welcome further public disclosure by either Agnico Eagle or the O3 Mining directors that would justify meaningful tenders if the current offer price is unchanged.
However, in the scenario that Agnico Eagle does not raise the offer price, whilst the minimum acceptance thresholds may be met given the 39% irrevocables already committed, it is unlikely in our view that the 90% threshold required for de-listing will be reached. We make this assessment in the context that we believe at the current pricing of the takeover it will instead be rational for a meaningful proportion of independent shareholders in O3 Mining to elect for continuing long-term participation in the deeply discounted public equity float of O3 Mining. This equity is also now prospectively significantly enhanced by its combination with a well-funded, and arguably best-in-class, development partner.

TSXV:OIII

Agnico Eagle Offers C$1.67 Per Share For O3 Mining, Valuing It At C$162.8M; GreenAsh Holds 2.7% Shares; Offer Requires 66.67% Shareholder Acceptance But Can Be Lowered To 50%; 90% Delisting Threshold Not Met

Jefferies analyst David Hove maintains Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) with a Hold and raises the price target from $85 to $88.

Jefferies Maintains Hold on Agnico Eagle Mines, Raises Price Target to $88

GOLD

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) has outperformed the market over the past 20 years by 1.39% on an annualized basis producing an average annual return of 9.82%. Currently, Agnico Eagle Mines has a market capitalization of $41.47 billion. 
Buying $100 In AEM: If an investor had bought $100 of AEM stock 20 years ago, it would be worth $642.42 today based on a price of $82.68 for AEM at the time of writing.
<h3>Agnico Eagle Mines's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736262010_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$100 Invested In Agnico Eagle Mines 20 Years Ago Would Be Worth This Much Today

The positive trends for commodities are likely to continue in 2025. With escalating conflicts and instability in several regions, we explore a list of prospective <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">junior commodity companies</a> focusing on safe jurisdictions.
Volt Lithium
Volt Lithium (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/VLTLF#OTCQB">VLTLF</a>) is a Canadian junior resource company focused on advancing technology for <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/06/39480795/exclusive-volt-lithium-ceo-touts-6b-cash-flow-opportunity" rel="noreferrer noopener">lithium extraction from oilfield brine</a>. The company aims to be the first commercial producer of brine-based lithium, as its proprietary direct lithium extraction technology allows it to achieve all-in production costs of less than $2,900 per ton. Lithium prices have been hovering around $10,000 per ton, even after collapsing from 2022 highs of over $80,000.
Under the leadership of seasoned entrepreneur Alex Wylie, the firm established a test facility in the Permian Basin in Texas. The next milestone is scheduled over the next few weeks, when the firm plans to commission the next-generation field unit, capable of processing 10,000 barrels of oilfield brine per day. The stock is up 38.64% year-to-date.
Northern Superior
Northern Superior (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NSUPF#OTCQB">NSUPF</a>) is a junior gold firm focused on projects in Quebec and Ontario. The firm focuses on developing the Chibougamau mining district, where it owns four sites with over <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/08/40135946/exclusive-northern-superior-ceo-simon-marcotte-explains-companys-strategic-expansion-future-p" rel="noreferrer noopener">3 million gold ounces</a>. Due to their physical proximity, these resources could support a single operational design and feed a single mill.
CEO Simon Marcotte commented for Benzinga, saying that "the Chibougamau Gold Camp is drawing increasing attention, including recognition from National Bank, Quebec's largest bank and IAMGOLD's lead underwriter, which has identified the camp as the next stage of growth for IAMGOLD." Marcotte expects that the positive M&amp;A trend in the sector will continue in 2025, with a focus on top-tier jurisdictions like Quebec.
The firm also spun off its Ontario assets as ONGold Resources (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/ONGRF#OTCQB">ONGRF</a>), where it holds 62% stake, with Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>), the third largest global gold producer, owing 15%. Northern Superior stock has risen around 2.1% year-to-date.
Sierra Madre Gold And Silver
Sierra Madre Gold and Silver (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SMDRF#OTC">SMDRF</a>) is a mineral exploration company focused on projects in Canada and Mexico. Its flagship project is Guitarra silver-gold mine near Toluca, Mexico. As an underground operation, this project is safe from a potential ban on open-pit mining, which has been debated in the country.
The project's total resource estimate is 200,000 ounces of gold and over 33 million ounces of silver. The testing activities have already generated over $2.5 million in revenues, and a full commercial mining announcement is expected immediately. The stock has returned 27% year-to-date.
Friedman Industries
Friedman Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FRD#AMEX">FRD</a>) is an established domestic steel manufacturer. Over the last five decades, the company has become a notable operator in the North and South Central US. As Donald Trump's second mandate starts on January 20, the domestic steel sector will be the focus of his "America First "policies, which, in the first mandate, included a 25% tariff on steel imports. Trump's stance against the Nippon Steel takeover of US Steel was a rare instance where his <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41445066/as-trump-kamala-harris-and-biden-unite-against-nippon-steels-15b-us-steel-acquisition-japanese-s" rel="noreferrer noopener">opinion aligned</a> with President Joe Biden and Vice President Kamala Harris.
Friedman Industries has an unusual ownership structure with high hedge fund ownership at 11.7%. Insider ownership is also notable (4.8%), and insiders have been exclusively buying in 2024. The stock has been flat year-to-date, rising 0.7%.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42672565/why-trumps-return-to-office-could-drive-gold-demand-in-2025" target="_blank" rel="noreferrer noopener">Why Trump's Return To Office Could Drive Gold Demand In 2025</a>
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Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) has outperformed the market over the past 10 years by 1.05% on an annualized basis producing an average annual return of 12.15%. Currently, Agnico Eagle Mines has a market capitalization of $39.61 billion. 
Buying $100 In AEM: If an investor had bought $100 of AEM stock 10 years ago, it would be worth $330.84 today based on a price of $78.99 for AEM at the time of writing.
<h3>Agnico Eagle Mines's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734996621_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Agnico Eagle Mines 10 Years Ago Would Be Worth This Much Today

Whales with a lot of money to spend have taken a noticeably bearish stance on Agnico Eagle Mines.
Looking at options history for Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $192,460 and 5, calls, for a total amount of $149,604.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $90.0 for Agnico Eagle Mines during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Agnico Eagle Mines options trades today is 721.5 with a total volume of 1,016.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Agnico Eagle Mines's big money trades within a strike price range of $75.0 to $90.0 over the last 30 days.
<h3>Agnico Eagle Mines 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734983128_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$15.0</td>
<td>$14.8</td>
<td>$15.0</td>
<td>$90.00</td>
<td>$126.0K</td>
<td align="right">129</td>
<td align="right">85</td>
</tr>
<tr>
<td>AEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$2.6</td>
<td>$2.5</td>
<td>$2.55</td>
<td>$75.00</td>
<td>$38.2K</td>
<td align="right">883</td>
<td align="right">235</td>
</tr>
<tr>
<td>AEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$3.4</td>
<td>$3.2</td>
<td>$3.28</td>
<td>$85.00</td>
<td>$32.8K</td>
<td align="right">576</td>
<td align="right">199</td>
</tr>
<tr>
<td>AEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$3.4</td>
<td>$3.2</td>
<td>$3.22</td>
<td>$85.00</td>
<td>$32.4K</td>
<td align="right">576</td>
<td align="right">280</td>
</tr>
<tr>
<td>AEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.2</td>
<td>$4.9</td>
<td>$5.01</td>
<td>$80.00</td>
<td>$30.0K</td>
<td align="right">875</td>
<td align="right">66</td>
</tr>
</tbody>
</table>

<h3>About Agnico Eagle Mines</h3>
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
Having examined the options trading patterns of Agnico Eagle Mines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Agnico Eagle Mines</h3>
<ul>
<li>Currently trading with a volume of 1,279,367, the AEM's price is up by 0.61%, now at $78.64. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 52 days.</li>
</ul>
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If you want to stay updated on the latest options trades for Agnico Eagle Mines, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

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Markets

Unpacking the Latest Options Trading Trends in Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/AEM#TSX">AEM</a>)&nbsp;("Agnico Eagle") announced today that it has completed a transaction with ONGold Resources Ltd. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ONAU#TSXV">ONAU</a>) ("ONGold") which resulted in Agnico Eagle acquiring 8,700,000 common shares ("Common Shares") of ONGold.
On November 25, 2024, Yamana Gold Ontario Inc. ("Yamana"), a wholly-owned subsidiary of Agnico Eagle, and 10215825 Manitoba Ltd. (the "Buyer"), a wholly-owned subsidiary of ONGold, entered into an asset purchase agreement, pursuant to which the Buyer agreed to purchase certain assets from Yamana in exchange for, among other things, the issuance of Common Shares to Agnico Eagle (the "Transaction"). On December 20, 2024, the Transaction was completed, which resulted in Agnico Eagle acquiring 8,700,000 Common Shares.
Agnico Eagle currently owns 8,700,000 Common Shares, representing approximately 15.0% of the issued and outstanding Common Shares on a non-diluted basis. Prior to the closing of the Transaction, Agnico Eagle did not own any Common Shares.
In connection with closing of the Transaction, Agnico Eagle and ONGold entered into an investor rights agreement pursuant to which ONGold granted Agnico Eagle certain rights, provided that Agnico Eagle maintains certain ownership thresholds in ONGold, including: (a) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in ONGold at the time of such financing or acquire up to a 19.99% ownership interest in ONGold; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of ONGold to eight or more directors, two persons) to the board of directors of ONGold.

TSX:AEM

TSXV:ONAU

Agnico Eagle Acquires 8.7M Shares Of ONGold, Secures 15% Stake; Granted Rights To Boost Holdings Up To 19.99%

All cash offer represents a 58% premium to O3 Mining's closing price on December 11, 2024.&nbsp;
Offer unanimously recommended by Board and Special Committee of O3 Mining and supported by shareholders representing 39% of outstanding shares of O3 Mining.

OIIIF

Agnico Eagle Commences Offer To Acquire All Issued And Outstanding Common Shares Of O3 Mining  For C$1.67 In Cash Per Common Share

Mexico's President Claudia Sheinbaum has announced a review of a controversial bill to ban <a target="_blank" href="https://www.benzinga.com/topic/mining" rel="noreferrer noopener">open-pit mining</a>. Congress approved the bill in July after debating balancing environmental protection with economic priorities.
"Open-pit mining warrants a thorough review, as activities such as sand extraction for cement production and lithium mining—critical for national development—are conducted using this method. It is vital to assess the specifics of the constitutional reform's provisions," Sheinbaum <a target="_blank" href="https://www.gob.mx/presidencia/articulos/version-estenografica-conferencia-de-prensa-de-la-presidenta-claudia-sheinbaum-pardo-del-6-de-diciembre-de-2024?idiom=es" rel="noreferrer noopener">said</a>.
Mexico's mining industry is a pillar of its economy, accounting for around 8% of its industrial GDP. In 2022, mining exports totaled $17.6 billion, generating a trade surplus of $12.8 billion. It directly employs over 370,000 workers and supports millions more in related industries such as logistics and equipment manufacturing.
Large operating open-pit mines include Newmont's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) Peñasquito and Southern Copper's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) Buenavista. The ban would likely stop the San Nicolás copper-zinc project, a 50-50 partnership between Teck Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECK#NYSE">TECK</a>) and Agnico Eagle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>).
CAMIMEX, Mexico's primary mining chamber, warned that an outright ban could reduce GDP by 1% and threaten nearly 200,000 jobs. Open-pit mining accounts for 60% of the country's mining production value and is critical for extracting key resources like gold, silver, copper and strategic minerals like lithium.
Under former President Andrés Manuel López Obrador (AMLO), Mexico's mining sector faced heavy restrictions. In 2023, AMLO nationalized lithium, declaring it a strategic resource for Mexico's energy independence and banning new concessions for private companies.
He also established a state-run lithium company and canceled multiple existing concessions, triggering international arbitration disputes.
While the bill passed Congress during his administration, Sheinbaum took over in October, becoming the first female president.
Unlike AMLO, she faces economic difficulties at the beginning of her six-year term. Without foreign capital, it will be hard to provide quality jobs, education, and healthcare.
Meanwhile, El Salvador's President Nayib Bukele is pushing to go in the opposite direction. In 2017, his predecessor implemented a total mining ban to protect the country's water resources.
Still, Bukele, a famous Bitcoin advocate, claims that the untapped mineral reserves could transform the economy.
"We potentially have the largest gold deposits per square kilometer in the world," he <a target="_blank" href="https://x.com/nayibbukele/status/1865129919870578791" rel="noreferrer noopener">stated</a>, arguing that responsible mining could generate $131 billion—equal to 380% of the country's GDP—from just 4% of identified reserves. Earlier this year, Bukele secured the second term, winning 84.65% of popular votes. With control over Congress, lifting the ban seems inevitable.
However, in contrast to Mexico, El Salvador is a small country, largely dependent on the Lempa River as a primary water source. Any large-scale operations, particularly in the gold-rich north of the country, could pollute this water flow and cause more problems for what it is worth.
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<ul>
<li>All cash offer of $1.67 per share representing a 58% premium to O3 Mining's closing price on December 11, 2024</li>
<li>Offer unanimously recommended by Board and Special Committee of O3 Mining and supported by shareholders representing 22% of outstanding shares of O3 Mining</li>
</ul>

General

Agnico Eagle Mines Has Agreed To Acquire O3 Mining At C$1.67 Per Share In Cash By Way Of A Take-over Bid, The Offer Is Valued At Approximately C$204M On A Fully Diluted In-the-money Basis

Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/AEM#TSX">AEM</a>) ("Agnico Eagle") and O3 Mining Inc. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/OIII#TSXV">OIII</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/OIIIF#OTCQX">OIIIF</a>) ("O3 Mining") are pleased to jointly announce that they have entered into a definitive support agreement (the "Definitive Agreement"), pursuant to which Agnico Eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining (the&nbsp;"Common Shares") at $1.67 per Common Share in cash by way of a take-over bid (the "Offer"). The Offer is valued at approximately $204 million on a fully diluted in-the-money basis.
The Premium Cash Offer
The offer price of $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).
O3 Mining's primary asset is its 100%-owned Marban Alliance property located near Val d'Or, in the Abitibi region of Québec, and is adjacent to Agnico Eagle's Canadian Malartic complex. The Marban Alliance property includes the Marban deposit, which is an advanced exploration project that could support an open pit mining operation similar to Agnico Eagle's Barnat open pit operations at the Canadian Malartic complex. O3 Mining has estimated that the Marban pit&nbsp; contains 52.4 million tonnes of indicated mineral resources grading 1.03 g/t gold for 1.7 million ounces of gold and 1.0 million tonnes of inferred mineral resources grading 0.97 g/t gold for 32 thousand ounces of gold (effective date of February 27, 2022). O3 Mining also owns 100% of the Alpha property and 100% of the Kinebik property.

Agnico Eagle to Acquire O3 Mining in $204M Deal Implying 57% Premium, Boosting Québec Gold Assets

GATO

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Shares of precious metals stocks are trading higher amid strength in gold and silver prices. Gold may be rising amid reports of renewed China Central Bank purchases as well as geopolitical uncertainty following Assad's ouster in Syria.

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver, which are rebounding after falling last week.

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Shares of precious metals stocks are trading lower as gold prices drop amid a rise in the US dollar.

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

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Shares of metals and materials companies are trading lower. The sector may be reacting to China's recent stimulus efforts which have struggled to buoy the economy and business conditions.

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GDX: Take Advantage Of The Low Valuations For The Gold Miners

In today's uncertain economic conditions, gold mining stocks are leveraging rising gold prices and technological advancements. Thus, investors could consider quality gold mining stocks, such as Barrick Gold (GOLD), Agnico Eagle Mines (AEM), and Gold Fields (GFI), for stability amid market volatility. Read more… Gold mining stocks have long been a go-to investment during periods of economic uncertainty, particularly as a hedge against inflation. When inflation rises, the value of fiat currencies tends to decline, making gold an attractive alternative store of value. Mining companies benefit from this trend as demand for gold increases, driving up prices and, in turn, their profitability.
Given this backdrop, investors could scoop up shares of fundamentally stable gold mining stocks Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>), and Gold Fields Limited (<a href="https://stocknews.com/stock/GFI/">GFI</a>) for investment to hedge against inflation.
Geopolitical tensions and central bank policies are key drivers for gold prices. In the last two years, governments <a href="https://www.miningnewswire.com/central-banks-are-hoarding-gold-should-you-follow-their-lead/">added over 2,000 tonnes of gold to their reserves</a>. With central banks around the world diversifying their reserves by adding gold, mining companies stand to benefit from the sustained demand. Additionally, global uncertainties often lead to increased gold buying, further boosting the profitability of mining operations.
The industry has seen steady growth, fueled by higher gold prices <a href="https://www.ey.com/en_us/insights/mining-metals/long-term-competitiveness-for-gold-mining-companies">and improved extraction technologies</a>. The adoption of upcoming modern and sophisticated digital tools improves the ability to monitor processes.
Technologies such as the Internet of Things (IoT), sensors, autonomous vehicles, drones, and digital twins enhance safety, ease mine prospecting, and establish predictive mechanisms. Many companies are reinvesting in exploration to expand reserves, ensuring a long-term supply pipeline.
Moreover, the gold mining industry is anticipated to reach <a href="https://www.marketresearchfuture.com/reports/gold-mining-market-16112">$274.2 billion by 2032</a>, exhibiting a CAGR of 3.5%. Gold mining stocks offer a dual advantage to long-term investors, a hedge against inflation and the potential for capital appreciation.
Considering the industry's conducive trends, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> stocks, starting with the third choice.
Stock #3: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Headquartered in Toronto, Canada, GOLD is a gold and copper producer, engaged in engages in the exploration, mine development, production, and sale of gold and copper properties internationally. It also explores and sells silver and energy materials.
On December 16, GOLD paid a quarterly dividend of $0.10 per share to its shareholders. GOLD pays an annual dividend of $0.40, which translates to a yield of 2.58% at the current share price. Its four-year average dividend yield is 3.02%. Moreover, the company's dividend payouts have increased at a CAGR of 14.9% over the past five years.
On October 2, GOLD announced the launch of the Super Pit development at Barrick's Lumwana copper mine by Zambian President Hakainde Hichilema and his cabinet. This launch should reinforce the company's commitment to expanding its copper operations, driving growth, and strengthening its position in the global copper market.
During the third quarter of 2024, which ended on September 30, GOLD's revenues increased 17.7% year-over-year to $3.37 billion. Its attributable EBITDA rose 20.6% from the year-ago value to $1.29 billion with a margin of 46% (up 100 bps year-over-year). Its adjusted net earnings stood at $529 million and $0.30 per share, up 26.6% and 25% year-over-year, respectively. Also, the company's <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> for the quarter increased 23.7% from year-ago value to $444 million.
Street expects GOLD's revenue for the fiscal fourth quarter (ending December 2024) to increase 34.8% year-over-year to $4.12 billion. Moreover, its EPS estimate of $0.45 for the same period indicates a 65.5% year-over-year growth. In addition, it surpassed the consensus revenue and EPS estimates in three of the trailing four quarters, which is excellent.
GOLD shares have surged 3% intraday to close the last trading session at $15.97.
GOLD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
GOLD has a B grade for Growth and Quality. It is ranked #13 out of 41 stocks in the <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry. <a href="https://stocknews.com/stock/GOLD/">Click here</a> to see the additional ratings for GOLD (Value, Momentum, Stability, and Sentiment).
Stock #2: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
Based in Toronto, Canada, AEM is a gold mining company that explores, develops, and produces precious metals. The company's mines are located in Canada, Australia, Finland and Mexico.
On December 12, AEM announced the acquisition of O3 Mining Inc. (OIIIF) through a wholly-owned subsidiary that offers to acquire all of the issued and outstanding common shares of O3 Mining for $1.67 in cash per common share. This acquisition is the integration of the Marban Alliance property to the Canadian Malartic land package, creating significant and unique synergies.
On November 12, AEM was awarded $10 million from the Province of Ontario's Skills Development Fund Training Stream to provide a comprehensive skills development program to support the availability of a qualified workforce in the mining industry. This award will address the needs of the labor market and strengthen the economic future of the mining industry.
AEM's revenues from mining operations for the third quarter (ended September 30, 2024) increased 31.2% year-over-year to $2.16 billion. The company reported an adjusted EBITDA of $1.26 billion, indicating a 63.5% growth from the prior year quarter.
AEM's adjusted net income came in at $572.60 million and $1.14 per share, reflecting increases of 165% and 159.1% year-over-year, respectively. Moreover, its free cash flow rose 653.8% from the same period last year to $620.40 million.
The consensus revenue estimate of $2.16 billion for the fiscal fourth quarter (ending December 2024) represents a 22.8% increase year-over-year. The consensus EPS estimate of $1.20 for the same quarter indicates a 111.3% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past year, the stock has surged 51.7%, closing the last trading session at $81.99.
AEM's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Growth, Sentiment, and Quality. Within the Miners - Gold industry, it is ranked #12. <a href="https://stocknews.com/stock/AEM/">Click here</a> to see AEM's ratings for Value, Momentum, and Stability.
Stock #1: Gold Fields Limited (<a href="https://stocknews.com/stock/GFI/">GFI</a>)
Headquartered in Sandton, South Africa, GFI operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores copper and silver deposits.
On December 2, GFI and Torq Resources Inc. announced getting into a definitive Implementation Agreement for the Santa Cecilia Project. Under this agreement, GFI is to acquire up to 75% indirect interest in the project by funding $48 million.
For the six-month period that ended on June 30, 2024, GFI's revenue amounted to $2.12 billion. The company's profit attributable to owners of the parent came in at $389 million and $0.43 per share.
Analysts expect GFI's revenue and EPS for the fiscal year (ending December 2024) to grow 9.7% and 27.6% year-over-year to $4.94 billion and $1.20, respectively. For the fiscal year 2025, its revenue is expected to increase 26.4% year-over-year to $6.24 billion, while its EPS is forecasted to settle at $2.01, indicating a 67.5% improvement over the prior year.
The stock has gained 6.5% intraday to close the last trading session at $14.06.
It's no surprise that GFI has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Sentiment and Quality. Out of 41 stocks in the same industry, GFI is ranked #7.
Beyond what is stated above, we've also rated GFI for Growth, Value, Momentum, and Stability. Get all GFI's ratings <a href="https://stocknews.com/stock/GFI/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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AEM shares were trading at $81.23 per share on Friday afternoon, down $0.76 (-0.93%). Year-to-date, AEM has gained 3.86%, versus a 0.98% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/aem-gold-gfi-3-gold-mining-stocks-to-hedge-against-inflation/>3 Gold Mining Stocks To Hedge Against Inflation</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Gold Mining Stocks To Hedge Against Inflation

Agnico Eagle Mines: The Double-Edged Sword Of Gold Mining Companies

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Financing

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