AGNICO EAGLE ANNOUNCES DISPOSITION OF ITS INTEREST IN ROYAL ROAD MINERALS LIMITED

Core Viewpoint - Agnico Eagle Mines Limited has divested its entire stake in Royal Road Minerals Limited by selling 47,944,981 ordinary shares for a total of C$5,513,673, representing a strategic decision to monetize its investment [1][2][3]. Group 1: Transaction Details - The sale involved 47,944,981 ordinary shares at a price of C$0.115 per share, resulting in total proceeds of C$5,513,673 [1]. - Prior to the sale, Agnico Eagle owned approximately 18% of the issued and outstanding ordinary shares of Royal Road on a non-diluted basis [2]. Group 2: Strategic Focus - Agnico Eagle is concentrating on high-quality internal growth projects while also pursuing strategic acquisitions in opportunities with high geological potential [3]. - The company periodically reviews its investments against strategic priorities and may divest certain holdings as part of its strategy [3]. Group 3: Company Overview - Agnico Eagle is Canada's largest mining company and the second-largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [5]. - The company has a history of consistent shareholder value creation, having declared cash dividends every year since 1983 [5].