Agnico Eagle Mines (AEM) Sells 38,002,589 Common Shares of Orla Mining Ltd

Agnico Eagle Mines Limited (NYSE:AEM) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 9, the company announced that it sold 38,002,589 common shares of Orla Mining Ltd. in a sale to buyers in Canada, the US, and elsewhere via the facilities of TSX. This was done at the price of C$14.75 per share for a total amount of C$560,538,188. This reflects Agnico Eagle Mines Limited (NYSE:AEM)’s commitment to disciplined capital allocation and enables it to redeploy capital to the strategic priorities.

Elsewhere, Agnico Eagle Mines Limited (NYSE:AEM) announced that it acquired 586,619 units of Maple Gold Mines Ltd. in a non-brokered private placement. This was done at the price of $0.60 per unit for the total amount of $351,971.40. Agnico Eagle Mines Limited (NYSE:AEM)’s portfolio of high-quality assets delivered strong results in Q2 2025, generating record FCF, more than doubling compared to the prior quarter. This showcases the strength of the gold price environment, its disciplined cost management as well as the consistency of its operational execution. It saw FCF of $1,305 million.

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Disclosure: None. This article is originally published at Insider Monkey.