Global Finance News
09 Sep 2025, 18:55
Agnico Eagle Mines announced it has sold its entire 11.3% stake in Orla Mining for C$560.5 million, divesting 38 million shares at C$14.75 each through the Toronto Stock Exchange.
CEO Ammar Al-Joundi said the decision reflects Agnico Eagle’s commitment to disciplined capital allocation and allows redeployment of funds toward its strategic priorities. The company, which first invested in Orla in 2017 when it was an early-stage developer, highlighted the miner’s growth into a mid-tier producer with an established shareholder base.
Following the sale, Agnico Eagle no longer holds any Orla shares and stated it has no current intention of re-acquiring them. Orla CEO Jason Simpson thanked Agnico Eagle for its long-term support, noting the backing was instrumental in the company’s transformation from exploration to production.
Agnico Eagle, Canada’s largest mining company and the world’s second-largest gold producer, said the move aligns with its practice of periodically reviewing and, where appropriate, divesting its smaller “toe-hold” investments.
CEO Ammar Al-Joundi said the decision reflects Agnico Eagle’s commitment to disciplined capital allocation and allows redeployment of funds toward its strategic priorities. The company, which first invested in Orla in 2017 when it was an early-stage developer, highlighted the miner’s growth into a mid-tier producer with an established shareholder base.
Following the sale, Agnico Eagle no longer holds any Orla shares and stated it has no current intention of re-acquiring them. Orla CEO Jason Simpson thanked Agnico Eagle for its long-term support, noting the backing was instrumental in the company’s transformation from exploration to production.
Agnico Eagle, Canada’s largest mining company and the world’s second-largest gold producer, said the move aligns with its practice of periodically reviewing and, where appropriate, divesting its smaller “toe-hold” investments.