Agnico Eagle Concludes Acquisition of 15% Interest in OnGold Resources

Group 1: Transaction Details - On November 25, 2024, AEM's subsidiary, Yamana Gold Ontario Inc., entered into an asset purchase agreement with Manitoba Ltd., a subsidiary of ONGold, for certain assets in exchange for common shares issued to AEM [1] - The transaction was completed on December 20, 2024, with Agnico Eagle acquiring 8.7 million shares, representing approximately 15% of ONGold's issued and outstanding common shares [5] - An investor rights agreement was established, granting Agnico Eagle rights to acquire up to a 19.99% interest in ONGold [11] Group 2: Stock Performance - AEM's shares have increased by 138.9% over the past year [4] - Agnico Eagle's shares have gained 42.5% in the past year, outperforming the industry's growth of 10.6% [12] Group 3: Production and Cost Projections - Agnico Eagle expects its 2024 gold production to be between 3.35 million and 3.55 million ounces, aiming for the mid-point of this range [9] - The company anticipates total cash costs per ounce to be in the range of $875 to$925 and all-in sustaining costs (AISC) per ounce to be between $1,200 and$1,250 for 2024 [9] - Total capital expenditures for 2024, excluding capitalized exploration, are projected to be between $1.6 million and$1.7 million [9]