Completion of QSM Acquisition

Inventory Image: AEM (NYSE and TSX)

Agnico Eagle Mines Restricted (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) introduced at present that it has accomplished a transaction with ONGold Assets Ltd. (TSXV: ONAU) (“ONGold”) which resulted in Agnico Eagle buying 8,700,000 widespread shares (“Widespread Shares”) of ONGold.

On November 25, 2024 , Yamana Gold Ontario Inc. (“Yamana”), a wholly-owned subsidiary of Agnico Eagle, and 10215825 Manitoba Ltd. (the “Purchaser”), a wholly-owned subsidiary of ONGold, entered into an asset buy settlement, pursuant to which the Purchaser agreed to buy sure belongings from Yamana in alternate for, amongst different issues, the issuance of Widespread Shares to Agnico Eagle (the “Transaction”). On December 20, 2024 , the Transaction was accomplished, which resulted in Agnico Eagle buying 8,700,000 Widespread Shares.

Agnico Eagle at present owns 8,700,000 Widespread Shares, representing roughly 15.0% of the issued and excellent Widespread Shares on a non-diluted foundation. Previous to the closing of the Transaction, Agnico Eagle didn’t personal any Widespread Shares.

In reference to closing of the Transaction, Agnico Eagle and ONGold entered into an investor rights settlement pursuant to which ONGold granted Agnico Eagle sure rights, supplied that Agnico Eagle maintains sure possession thresholds in ONGold, together with: (a) the proper to take part in fairness financings and top-up its holdings in relation to dilutive issuances with a purpose to keep its professional rata possession curiosity in ONGold on the time of such financing or purchase as much as a 19.99% possession curiosity in ONGold; and (b) the proper (which Agnico Eagle has no current intention of exercising) to appoint one individual (and within the case of a rise within the measurement of the board of administrators of ONGold to eight or extra administrators, two individuals) to the board of administrators of ONGold.

Agnico Eagle acquired the Widespread Shares as consideration for the sale of sure belongings in reference to the Transaction. Agnico Eagle might, now and again, purchase extra Widespread Shares or different securities of ONGold or eliminate some or all the Widespread Shares or different securities of ONGold that it owns at such time.

An early warning report will probably be filed by Agnico Eagle in accordance with relevant securities legal guidelines. To acquire a duplicate of the early warning report, please contact:

Agnico Eagle Mines Restricted
c/o Investor Relations
145 King Avenue East , Suite 400
Toronto, Ontario M5C 2Y7
Phone: 416-947-1212
E mail: investor.relations@agnicoeagle.com

Agnico Eagle’s head workplace is situated at 145 King Avenue East, Suite 400, Toronto, Ontario M5C 2Y7. ONGold’s head workplace is situated at 120 Adelaide Avenue West, Suite 1410, Toronto, Ontario M5H 1T1.

About Agnico Eagle

Agnico Eagle is a Canadian based mostly and led senior gold mining firm and the third largest gold producer on this planet, producing valuable metals from operations in Canada , Australia , Finland and Mexico . It has a pipeline of high-quality exploration and improvement initiatives in these nations in addition to in the USA . Agnico Eagle is a companion of selection throughout the mining business, acknowledged globally for its main environmental, social and governance practices. Agnico Eagle was based in 1957 and has constantly created worth for its shareholders, declaring a money dividend yearly since 1983.

Ahead-Trying Statements

The knowledge on this information launch has been ready as at December 23, 2024 . Sure statements on this information launch, referred to herein as “forward-looking statements”, represent “forward-looking statements” throughout the that means of the USA Personal Securities Litigation Reform Act of 1995 and “forward-looking data” below the provisions of Canadian provincial securities legal guidelines. These statements may be recognized by means of phrases similar to “might”, “will” or related phrases.

Ahead-looking statements on this information launch embody, with out limitation, Agnico Eagle’s acquisition or disposition of securities of ONGold sooner or later.

Ahead-looking statements are essentially based mostly upon quite a lot of elements and assumptions that, whereas thought of affordable by Agnico Eagle as of the date of such statements, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. Many elements, recognized and unknown, may trigger precise outcomes to be materially completely different from these expressed or implied by such forward-looking statements. Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date made. Apart from as required by legislation, Agnico Eagle doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements.

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