Agnico sheds entire 18% stake in Royal Road

Royal Road Minerals is exploring in Saudi Arabia, Morocco, Colombia and Argentina. Credit: Royal Road Minerals Agnico Eagle Mines (NYSE, TSX: AEM) says it has sold its entire 18% shareholding in copper-gold explorer Royal Road Minerals (TSXV: RYR) for proceeds of approximately C$5.51 million.The shares, totalling nearly 47.9 million, were sold at C$0.115 each. This represents a 6% discount over Royal Road’s market open price of C$0.16 on Monday, the day of Agnico’s disclosure. On Tuesday, it again traded at ...