Friday''s additional top analyst upgrades and downgrades were on Agnico Eagle Mines, Bed Bath & Beyond, Century Aluminum, Micron Technology, Voya Financial and more.
Upgrades According to TD Securities, the prior rating for Brookfield Renewable Partners LP (NYSE: BEP ) was changed from Buy to Action List Buy. Brookfield Renewable earned $0.03 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Brookfield Renewable shows a 52-week-high of $41.95 and a 52-week-low of $30.85. Moreover, at the end of the last trading period, the closing price was at $30.94. Citigroup upgraded the previous rating for Agnico Eagle Mines Ltd (NYSE: AEM ) from Neutral to Buy. In the second quarter, Agnico Eagle Mines showed an EPS of $0.75, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.14 and a 52-week-low of $36.69. Agnico Eagle Mines closed at $41.43 at the end of the last trading period. For Bed Bath & Beyond Inc (NASDAQ: BBBY ), Odeon Capital upgraded the previous rating of Sell to Hold. In the second quarter, Bed Bath & Beyond showed an EPS of $3.22, compared to $0.04 from the year-ago quarter.
A whale with a lot of money to spend has taken a noticeably bullish stance on Agnico Eagle Mines . Looking at options history for Agnico Eagle Mines (NYSE: AEM ) we detected 15 strange trades. If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish. From the overall spotted trades, 3 are puts, for a total amount of $128,500 and 12, calls, for a total amount of $661,433. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting … Full story available on Benzinga.com
Agnico Eagle Mines is down more than 50% from its highs, a decline that''s completely detached from fundamentals. Read why I see AEM as a Strong Buy below $40.00.
In recent trading session, Agnico Eagle Mines Limited (NYSE:AEM) saw 0.7 million shares changing hands at last check today with its beta currently measuring 0.83. Company’s recent per share price level of $41.55 trading at $0.44 or 1.07% at last check today assigns it a market valuation of $18.49B. That most recent trading price of … Analysts Say Agnico Eagle Mines Limited (NYSE:AEM) Can Really Get To $104.72 In 12 Months Read More »
In Wednesday’s session, Agnico Eagle Mines Limited (NYSE:AEM) marked $41.11 per share, down from $41.13 in the previous session. While Agnico Eagle Mines Limited has underperformed by -0.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AEM fell by -22.26%, with highs and lows ranging from […]
Over the past 12 months, Agnico Eagle has morphed into perhaps the top blue-chip in the precious metals mining industry. Click to read why I think AEM stock is a buy.
(Kitco News) - Agnico Eagle Mines announced today that the company has agreed to subscribe for a 50% interest in Minas de San Nicolás (MSN), a wholly-owned subsidiary of Teck Resources, which owns the San Nicolás copper-zinc development project located in Zacatecas, Mexico.
Agnico Eagle Mines (AEM) has agreed to subscribe for a 50% interest in Minas de San Nicolás ((MSN)), a wholly-owned Teck Resources (TECK) subsidiary that owns the San Nicolás…
day''s top analyst upgrades and downgrades included Adobe, Agnico Eagle Mines, Amgen, Barrick Gold, Comstock Resources, Enphase Energy, Huntsman, JD.com, Kinder Morgan, Lucid, Newmont, Okta, Starbucks, Union Pacific and Vale.
Newmont (NEM), Agnico Eagle Mines (AEM) and Wheaton Precious Metals (WPM) rose in premarket trading Monday after Goldman Sachs rated their stocks as a Buy while initiating coverage…
Friday, September 9, 2022 11:16 AM EST - Orosur Mining Inc. : Announced a key development at the Company''s flagship Anzá Project in Colombia. The Project is subject to an Exploration Agreement with Venture Option with Colombian company Minera Monte Águila. MMA is itself a JV between Newmont Corporation and Agnico Eagle Mines Limited, and is the Colombian entity by which these two companies jointly exercise their rights and obligations with respect to the Exploration Agreement over the Project. Orosur Mining Inc. ( V.OMI ) shares were unchanged at 0.235. Stocks in Play: Orosur Mining Inc. , Fri, 09 Sep 2022 11:27:06 EST
Agnico is in a league of its own, sporting production growth, 45% AISC margins, with ultra-low GHG emissions. Read why I see AEM stock as a must-own name.
Stocks in Toronto declined sharply Wednesday, as weakness in metals more than offset gains in health-care and technology issues. The TSX declined 182.09 points to finish Wednesday at 19,330.81 The Canadian dollar fell 0.25 cents to 76.14 cents U.S. Gold weighed heaviest on the market, as B2Gold fell six cents, or 1.5%, to $4.02, while Eldorado Gold dropped off nine cents, or 1.2%, to $7.25. In communications, Rogers hurtled lower 84 cents, or 1.5%, to $56.62, while Quebecor lost 31 cents, or 1.1%, to $28.40. In materials, Agnico Eagle Mines skidded $1.17, or 2.1%, to $54.25, while SilverCrest Metals dipped a dime, or 1.4%, to $7.17. Health-care concerns had a good day, however, led by Bausch Health, up $1.17, or 17.4%, to $7.89, while Aurora Cannabis tacked on 12 cents, or 6%, to $2.11. In techs, Dye & Durham jumped 76 cents, or 5.5%, to $14.50, while Open Text Corporation popped $1.15, or 2.8%, to $41.59. In industrials, Bombardier leaped 71 cents, or 2.1%, to $32.73, while Finning International hiked 60 cents, or 2.2%, to $28.26.
Agnico Eagle Mines Limited (AEM)’s stock has witnessed a price declined of -1.51% from the previous close with its current price standing at $41.66. Its current price is -37.95% under its 52-week high of $67.14 and 9.57% more than its 52-week low of $38.02. Based on the past 30-day period, the stock price is -11.22% […]
Agnico Eagle (NYSE:AEM) had declared $0.40/share quarterly dividend, in line with previous.Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug.
August 24, 2022 – TheNewswire - TORONTO, ON – Star Royalties Ltd. (“ Star Royalties ”, or the “ Company ”) (TSXV:STRR ) , ( OTC:STRFF) is pleased to report its financial results for the quarter ended June 30, 2022. All amounts are in U.S. dollars unless otherwise indicated. Q2 2022 Corporate and Financial Highlights Record quarterly revenue, with a 26% increase over the prior-year quarter. Strategic investment by Agnico Eagle Mines Limited ( Agnico Eagle ”) (NYSE, TSX: AEM) into Green Star Royalties (“ Green Star ”) was completed in May 2022, with Star Royalties now a 61.9% owner of Green Star. The Elk Gold mine became the Company’s second producing royalty asset. Recognized an $18.6 million gain on the deconsolidation of Green Star. Alex Pernin, Chief Executive Officer of Star Royalties, commented: “During the second quarter of 2022, Star Royalties took significant steps towards unlocking the value of both our green and precious metals royalty and streaming platforms. We crystallized the growing value of Green Star through the closing of a private placement by Agnico Eagle and expanded Green Star’s flagship regenerative agriculture carbon royalty more than fourfold.
Agnico Eagle Mines Limited with ticker code (AEM) now have 13 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 100.64 and 73.46 calculating the mean target price we have 85.23. Given that the stocks previous close was at 44.16 this would imply there is a potential upside of 93.0%. There is a 50 day moving average of 45.41 and the 200 moving average now moves to 52.3. The market capitalisation for the company is $20,008m. Visit the company website at: https://www.agnicoeagle.com [stock_market_widget type="chart" template="basic" color="green" assets="AEM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $38,616m based on the market concensus. Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments.
Agnico Eagle Mines Limited (NYSE:AEM) price is hovering lower on Tuesday, August 16, dropping -2.55% below its previous close. A look at today’s price movement shows that the recent level at last check reads $45.48, with intraday deals fluctuating between $44.50 and $45.55. The company’s P/E ratio in the trailing 12-month period read 25.62. Taking … Agnico Eagle Mines Limited (NYSE: AEM) Falls -2.55% In Recent Session, What Are The Points You Absolutely Need To Consider? Read More »
Agnico Eagle Mines (AEM) +1.6% in Friday''s trading after providing an update on exploration activities at several projects the miner said yielded "exciting results."At Detour Lake,…
Agnico Eagle Mines Limited (NYSE:AEM) traded at $46.83 at close of the session on Wednesday, August 10, made an upward move of 4.23% on its previous day’s price. Looking at the stock we see that its previous close was $44.93 with the day’s price range being $44.455 – $45.69. The company has a trailing 12-month … Agnico Eagle Mines Limited (NYSE: AEM) Is The Among Hot Stock Right Now Read More »
Agnico Eagle Mines Limited with ticker code (AEM) have now 13 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 100.31 and 73.22 calculating the average target price we see 84.84. Given that the stocks previous close was at 43.76 this would indicate that there is a potential upside of 93.9%. The 50 day MA is 47.18 while the 200 day moving average is 52.84. The market cap for the company is $19,904m. Company Website: https://www.agnicoeagle.com [stock_market_widget type="chart" template="basic" color="green" assets="AEM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $38,589m based on the market concensus. Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.
Canada''s main stock index slipped on Thursday following a mixed bag of results, while gloomy forecasts by U.S. companies and an early reading showing the economy contracted again on the other side of the border exacerbated recession fears. The TSX gained 64.84 points to move into noon hour EDT Thursday at 19,319.40. The Canadian dollar eased 0.10 cents to 78 cents U.S. Weighing on the index, Bausch Health dropped $5.64, or 50.6%, to $5.50, its lowest level in more than 25 years, dragging the healthcare index down. Agnico Eagle Mines jumped $4.11, or 8.1%, to $54.77, on reporting better-than-expected quarterly earnings, while cannabis producer Tilray Brands gained 32 cents, or 7.7%, to $4.50, on a jump in revenue. Cenovus Energy regained 18 cents to $23.81, even as it reported a near 11-fold surge in second-quarter profit, helped by its purchase of rival Husky and rising energy prices after the Russian invasion of Ukraine. Ballard Power Systems jumped $1.37, or 15.1%, to $10.44, tracking the jump in U.S. clean energy stocks after Democratic Senator Joe Manchin, a key swing vote, told Senate Majority Leader Chuck Schumer on Wednesday he will now support proposal for new climate change spending.
Tuesday, July 26, 2022 12:24 PM EST - Mistango River Resources Inc : Reports multiple gold intercepts at its Omega Gold Project, including one that yielded 13.83g/t Au over 1 meter in hole OMG22-006. Mistango will follow up on these gold intercepts at the Omega Gold Project in a subsequent drill program. The Company is also expected to resume drilling at its flagship Kirkland Lake West project located adjacent to Agnico Eagle Mines Limited''s Macassa Mine in Kirkland Lake, Ontario. Mistango River Resources Inc ( C.MIS ) shares were unchanged at 0.05. Stocks in Play: Mistango River Resources Inc, Tue, 26 Jul 2022 12:27:07 EST
Stocks were choppy Monday as investors looked ahead to a busy week. In addition to Big Tech earnings slated for release over the next several sessions, the Federal Reserve''s latest policy decision is due out Wednesday afternoon. SEE MORE 10 Best Low-Volatility Stocks to Buy Now "The Fed is still in a very good position to deliver another 75 basis-point hike as inflation stays around a four-decade high and as the economy is still adding jobs at a healthy clip," says Edward Moya, senior market strategist at currency data provider OANDA. "Since the Fed was late to fight inflation, it should not come as a surprise that they will try to remain aggressive with tightening as the [economic] outlook dims." The energy sector (+3.7%) outperformed today as U.S. crude futures jumped 2.1% to $96.70 per barrel, while consumer discretionary stocks (-0.9%) lagged on a sharp selloff in Weber ( WEBR , -12.7%) shares. The grill maker issued preliminary fiscal third-quarter sales figures that came in well below analysts'' consensus estimate and withdrew its full-year guidance, citing "rising inflation, supply-chain constraints, fuel prices and geopolitical uncertainty." Weber also said it is replacing its CEO, effective immediately, as it looks to better position itself "to navigate historic macroeconomic challenges." Sign up for Kiplinger''s FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
* The Toronto Stock Exchange’s TSX rises 0.51 percent to 19,079.67 * Leading the index were Secure Energy Services Inc , up 7.6%, Spartan Delta Corp, up 6.8%, and Precision Drilling Corp, higher by 6.8%. * Lagging shares were Lightspeed Commerce Inc, down 6.9%, Sprott Inc, down 6.3%, and Agnico Eagle Mines Ltd, lower by […]
While it may be odd to start a list of best gold stocks to buy now with a caveat, investors ought to know that the narrative for precious metals is extremely risky. At the same time, contrarianism tends to be very profitable as fewer people are looking at the target trade. Therefore, once the public gets wind of the bullish opportunity, the wave comes in, driving up the sector to potentially ridiculous heights. That’s the optimistic thesis. In reality, investors must have incredibly strong conviction to take a dip in the precious metals sector, even with the so-called best gold stocks to buy now. At the moment, a strong U.S. dollar index buoyed by the Federal Reserve’s commitment to killing inflation has imposed an ugly environment for gold and other commodities. Nevertheless, two factors bolster the case for the best gold stocks to buy now. First is the fear trade. What I mean is that with economic and geopolitical scourges going all biblical on everybody, there’s a lot of fear in the air.
On Wednesday, 193 stocks hit new 52-week lows. Significant Points From Today''s 52-Week Lows: The largest company by market cap to set a new 52-week low was Shell (NYSE: SHEL ) . Grom Social Enterprises (NASDAQ: GROM ) was the smallest firm on a market cap basis to set a new 52-week low. Kornit Digital (NASDAQ: KRNT ) ''s stock traded down the lowest, falling 30.17% to reach a new 52-week low. Sierra Metals (AMEX: SMTS ) shares rebounded the highest, with shares trading up 0.01%, bouncing back after reaching its new 52-week low. The following stocks achieved new 52-week lows on Wednesday: Caterpillar (NYSE: CAT ) shares moved down 2.08% on Wednesday to hit a new 52-week low of $169.72, drifting down 2.08%. Banco Santander (NYSE: SAN ) stock hit a new 52-week low of $2.56. The stock was down 4.63% on the session. Freeport-McMoRan (NYSE: FCX ) shares moved down 2.71% on Wednesday to hit a new 52-week low of $26.21, drifting down 2.71%. Eni (NYSE: E ) shares set a new 52-week low of $21.61.
If history is any guide, there may be trouble ahead for shares of Agnico Eagle Mines (NYSE: AEM ). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses … Full story available on Benzinga.com
TORONTO , June 10, 2022 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM ) (TSX: AEM ) ("Agnico Eagle") has been notified of an unsolicited mini-tender offer made by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2,000,000 Agnico Eagle common shares, or approximately 0.44% of Agnico Eagle''s outstanding common shares, at a price of C$64.00 per share. Agnico Eagle does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender their shares to the offer. Agnico Eagle cautions shareholders that the mini-tender offer has been made at a price below the current market price for Agnico Eagle''s shares. The offer represents a discount of approximately 4.51% and 4.68% to the closing price of Agnico Eagle''s shares on the Toronto Stock Exchange and the New York Stock Exchange, respectively, on June 7, 2022 , the last trading day before the mini-tender offer was commenced. The mini-tender offer is also … Full story available on Benzinga.
Agnico Eagle, Newmont (NEM), and Barrick Gold (GOLD) continue to be my preferred long gold miners. See why I recommend buying AEM stock at or below $51.
Shares of Yamana Gold (NYSE: AUY ) are up about 15% on news that the Canadian mining company is being acquired by South Africa’s Gold Fields (NYSE: GFI ) in an all-stock deal worth $6.7 billion that will create the world’s fourth largest gold producer. Gold Fields said it will own about 61% of the combined company once the deal is closed, while Yamana Gold shareholders will own 39%. Yamana currently operates gold mines in Canada, Argentina, Chile, and Brazil, and Gold Fields said the acquisition fits its “strategy of expanding in the Americas.” Prior to today’s move higher, shares of Yamana Gold had risen 33% year-to-date to $5.61 as commodity prices have risen and gold price firmed up in recent months. Gold Fields’ stock is down over 20% today on news of the acquisition, erasing all of its gains for the current year. What Happened In a news release , Gold Fields said that it is offering a sixth of one of its shares for each Yamana Gold share. The deal represents a 34% premium to Yamana stock’s closing price last Friday (May 27).
May 30, 2022 – TheNewswire - TORONTO, ON – Star Royalties Ltd. (“ Star Royalties ”, or the “ Company ”) (TSXV:STRR ) , ( OTC:STRFF) is pleased to report its financial results for the quarter ended March 31, 2022. All amounts are in U.S. dollars unless otherwise indicated. Alex Pernin, Chief Executive Officer of Star Royalties, commented: “During the first quarter of 2022, Elk Gold Mine commenced production, while our Keysbrook royalty continued to outperform and exceed our cash flow expectations. We announced a strategic investment from Agnico Eagle, a gold mining giant and a global ESG leader, into our pure-green subsidiary, Green Star. This allowed us to immediately pursue a fourfold expansion of our flagship regenerative agriculture royalty in partnership with Bluesource, North America’s largest and most reputable carbon offset developer and marketer. We look forward to continuing the momentum into what should be a catalyst-full 2022. ” Q1 2022 Corporate and Financial Highlights Quarterly revenue increased 47% over the prior-year period Elk Gold Mine commenced ore production and delivery to New Gold’s New Afton processing plant Green Star expanded its existing carbon offset credit royalty on the Elizabeth Metis Settlement Forest Green Star acquired a royalty on diesel displacement company, MOBISMART Star Royalties announced a strategic investment by Agnico Eagle into Green Star Summary of Q1 2022 Financial Result s Quarter ended Quarter ended March 31, 2022 March 31, 2021 Revenue $ 215,361 $ 146,072 Net loss Basic and diluted loss per share (706,393) (0.
MAY 30, 2022 – TheNewswire - TORONTO, ON – Star Royalties Ltd. (the “ Company ” or “ Star Royalties ”) (TSXV:STRR ) ( OTC:STRFF) is pleased to announce the closing of the previously announced strategic non-brokered private placement (the “ Private Placement ”) of 15,384,620 common shares (“ Green Star Shares ”) of its subsidiary, Green Star Royalties Ltd. (“ Green Star ”), at a price of C$1.00 per Green Star Share. Agnico Eagle Mines Limited (“ Agnico Eagle ”) (NYSE, TSX: AEM) has purchased 14,134,620 Green Star Shares for an aggregate purchase price of C$14.13 million. The Company’s management team and Board of Directors (collectively, “ Management ”) have purchased the remaining 1,250,000 Green Star Shares in the Private Placement for an aggregate purchase price of C$1.25 million. Following the closing of the Private Placement, Green Star is now owned 61.9% by Star Royalties, 35% by Agnico Eagle and 3.1% by Management. Management’s direct or indirect holding of Green Star Shares are now: Kevin MacLean (0.84%), Anthony Lesiak (0.74%), Alexandre Pernin (0.52%), Dmitry Kushnir (0.25%), Jay Layman (0.25%), Kylie Dickson (0.25%), Jinhee Magie (0.12%), Kenneth Ngo (0.10%), and Belinda Labatte (0.03%).
Here''s why Nutrien (TSX:NTR)(NYSE:NTR) and Agnico Eagle (TSX:AEM)(NYSE:AEM) are two mining stocks to consider right now. The post 2 Mining Stocks That Have Double-Up Potential appeared first on The Motley Fool Canada .
(Kitco News) - Agnico Eagle (TSX: AEM) announced yesterday that it has agreed to subscribe for 14,000,000 units of Cartier Resources (TSX-V: ECR) in a non-brokered private placement at a price of $0.13 per unit for total consideration of approximately $1,820,000.
John Paulson''s fund, Paulson & Co. reported its 13F filing for Q2 wherein it added Agnico Eagle Mines (AEM) and SPDR Gold Trust ETF (GLD) in new positionsIt increased its stakes in…
JPMorgan Chase & Co. (NYSE:NYSE:AEM) Q1 2022 Results Conference Call April 29, 2022 08:30 AM ET Company Participants Ammar Al-Joundi - President and CEO David Smith - CFO Guy Gosselin -…
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. For the majority of gold mining operations, the business model is similar: mine for gold, extract gold and sell gold on international markets. The homogeneity of this model is not necessarily a bad thing. Miners like Agnico Eagle Mines Ltd. (NYSE: AEM ) and Barrick Gold Corp. (NYSE: GOLD ) have generated considerable revenue through it, and the vast majority of mining companies have succeeded by following this route. But that doesn’t mean it’s the only way to operate a mining company. Two possible downsides of this model are the risk and cost associated with funding mining operations and the business’s complete dependence on the results of the mining operations for its survival. For Madre Tierra Mining Ltd. , a … Full story available on Benzinga.com
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL) successfully completed their US$10-billion merger on Feb. [] The post Agnico Eagle, Kirkland Lake Gold close US$10B merger appeared first on Canadian Mining Journal .
(Kitco News) - Agnico Eagle Mines and Kirkland Lake Gold today announced the successful completion of the previously announced merger of equals transaction.
Gold stocks like Agnico-Eagle Mines (TSX:AEM)(NYSE:AEM) could be top picks for 2021. The post The Best Gold Stock for 2021 appeared first on The Motley Fool Canada .
Agnico Eagle Mines Ltd. (TSX:AEM)(NYSE:AEM) is executing on an exploration program that is expected to drive growth in 2020 and add to the company''s value proposition. The post Agnico Eagle Mines (TSX:AEM): Should You Buy It Now? appeared first on The Motley Fool Canada .
A pure gold play royalty investment A global portfolio and experienced management Low overheads and track record of growth What Maverix Metals does: Maverix Metals Inc (CVE:MMX) is a rapidly growing gold royalty and streaming firm with high margins and growing free cashflow. In return for making an upfront payment, Maverix receives a royalty on the underlying precious metal sold by an operator, or in the case of a precious metal stream, the right to purchase an agreed-upon amount of gold, silver or other precious metal, at a significant discount to the spot commodity price. Such agreements provide Maverix, and its shareholders, with exposure to precious metals price rises and the exploration upside of the mine or project without any additional capital outlay, while also fixing the ongoing costs of acquiring precious metals in the case of a stream. Since being founded in 2016 by chairman Geoff Burns and CEO Daniel OFlaherty, Vancouver-based Maverix, with a market cap of around US$760 million, now has 121 royalties and streams, 13 of which are paying.
TORONTO, June 28, 2021 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle " or the " Company ") today announced that it will release its second quarter 2021 results on Wednesday, July 28,
Vancouver, British Columbia(Newsfile Corp. June 25, 2021) EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the Company or EMX) is pleased to announce that it has closed the previously announced asset purchase transaction pursuant to which Gold Line Resources Ltd. (TSXV: GLDL) (Gold Line) has acquired a 100% interest in Agnico Eagle Mines Read More » EMX Royalty Corporation Closes Asset Purchase Transaction of the Oijarvi and Solvik Gold Projects The post EMX Royalty Corporation Closes Asset Purchase Transaction of the Oijarvi and Solvik Gold Projects appeared on Stocks News Feed .
Related Stocks: AEM ,
VANCOUVER, BC , June 24, 2021 /CNW/ - Gold Line Resources Ltd. (TSXV: GLDL ) (" Gold Line " or the " Company ") is pleased to announce that it has closed the previously announced asset purchase transaction pursuant to which Gold Line has acquired a 100% interest in Agnico Eagle Mines Limited''s (TSX: AEM ) (" Agnico ") Oijärvi Gold Project located in central Finland and Solvik Gold Project located in southern Sweden (collectively, the " Projects ") for an aggregate purchase price of US$10 million comprised of cash and shares of each of Gold Line and EMX Royalty Corp. (TSXV: EMX ) (" EMX ") (the " Transaction "). In connection with the Transaction, Agnico will retain a 2% net smelter return (" NSR ") royalty on the Projects, 1% of which may be purchased at any time by EMX for US$1 million . Adam Cegielski , President, CEO and Director of Gold Line comments, " We are incredibly excited to have closed our transaction with Agnico for the Oijärvi and Solvik Projects. These are district scale opportunities in excellent mining jurisdictions, and we are now moving quickly to secure drilling permits for the projects.
Agnico Eagle Mines Limited (TSX:AEM)(NYSE:AEM) has built a strong pipeline of projects to drive future production. The post TFSA Investors: 1 Gold Value Stock Trading at a Big Discount appeared first on The Motley Fool Canada .
AEM Holdings, Semiconductor systems, manufacturing services, supply chain disruption