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Stock impact report

Agnico Eagle Mines Expands With Ikkari Deal And Valuation Gap In Focus [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 (NYSE:AEM) agreed to acquire all outstanding shares of Rupert Resources in a deal valued at about C$2.9b. The transaction gives Agnico Eagle full ownership of the Ikkari gold project in Finland, described as Europe's largest undeveloped gold deposit. Rupert shareholders are set to receive contingent value rights in addition to the cash and share consideration. Agnico Eagle Mines is a gold producer with a portfolio of mining operations and development projects, and this deal adds a large undeveloped deposit in a European jurisdiction to its project pipeline. For investors who follow gold miners, consolidation around sizeable projects is one way companies seek to secure long-term resource optionality and potential future production. By bringing Ikkari fully under its control, Agnico Eagle reduces partnership complexity and centralizes decision making on how and when to advance the project. The combination of upfront consideration and contingent value rights a Show less Read more
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