Agnico Eagle Sells 11.3% Orla Mining Stake, Plans to Redeploy Capital

Core Insights - Agnico Eagle Mines Limited (AEM) has sold 38,002,589 common shares of Orla Mining Ltd. for C$14.75 per share, totaling proceeds of C$560,538,188, ending its 11.3% ownership stake in Orla [1][2][8] - The sale marks the conclusion of a mutually beneficial relationship as Orla Mining has transitioned from a junior exploration company to a mid-tier gold producer [3][8] - Agnico Eagle plans to focus on high-quality internal growth projects and redeploy capital into strategic positions with high geological potential [4][8] Financial Performance - AEM's stock has increased by 96% over the past year, outperforming the industry average rise of 74.5% [6] - The Zacks Rank for AEM is currently 1 (Strong Buy), indicating strong market confidence [7]