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-0.00165752900675774 -0.00242254239449187 -0.000255004462578044 0.00114752008160147 0.00306005355093708 0.00155042713247483 0.00102001785031236 -0.000255004462578044
Stock impact report

Agnico Eagle Concludes Acquisition of 15% Interest in OnGold Resources [Yahoo! Finance]

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Agnico Eagle Mines Limited AEM stated that it has concluded a transaction with ONGold Resources Ltd. and acquired 8.7 million shares in the latter. On Nov. 25, 2024, AEM's wholly-owned subsidiary, Yamana Gold Ontario Inc., entered into an asset purchase agreement with Manitoba Ltd., a wholly-owned subsidiary of ONGold. Per the agreement, Manitoba agreed to purchase certain assets from Yamana in exchange for (among other things) the issuance of common shares to Agnico Eagle. On Dec. 20, 2024, this transaction was completed, with Agnico Eagle acquiring 8.7 million shares. This represents roughly 15% of ONGold's issued and outstanding common shares. Agnico Eagle did not own any shares in ONGold before this transaction. In connection with the closing of the transaction, Agnico Eagle and ONGold entered into an investor rights agreement pursuant to which the latter granted Agnico Eagle certain rights to acquire up to a 19.99% interest in ONGold. Agnico Eagle expects its 2024 gold p Show less Read more
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