Agnico Eagle Mines (AEM) Renews NCIB to Repurchase Up to 25 Million Shares

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Maham Fatima

Thu, June 11, 2026 astatine 10:15 AM CDT 2 min read

Agnico Eagle Mines Limited (NYSE:AEM) is 1 of the best Canadian stocks to put successful according to billionaires. On May 4, Agnico Eagle Mines Limited received TSX support to renew its mean people issuer bid/NCIB, allowing the institution to repurchase up to 25,024,469 communal shares oregon a maximum aggregate acquisition terms of $2 billion. The programme is acceptable to tally from May 6, 2026, done May 5, 2027. All shares acquired nether this inaugural volition beryllium cancelled, with repurchases to beryllium funded by existing currency resources.

Management volition find the timing and measurement of open-market purchases based connected marketplace conditions, with regular TSX buybacks constricted to 264,928 shares. To guarantee continuity, Agnico Eagle Mines Limited (NYSE:AEM) established an automatic stock acquisition plan, effectual May 10, which enables the institution to proceed repurchases during restricted trading periods, specified arsenic interior black-out windows.

Agnico Eagle Mines (AEM) Renews NCIB to Repurchase Up to 25 Million Shares

Photo from Orla Mining website

This renewal serves arsenic a cardinal constituent of Agnico Eagle's broader superior allocation strategy alongside its dividend program. Under the erstwhile NCIB, which concluded connected May 3, the institution successfully purchased 4,472,799 shares astatine a weighted-average terms of astir $162.83 per share.

Agnico Eagle Mines Limited (NYSE:AEM) is simply a elder Canadian golden mining institution and the world's second-largest golden producer, focused connected exploring, developing, and operating mines. Founded successful 1957, it operates high-quality, low-risk assets chiefly successful Canada, Australia, Finland, and Mexico, with astir 85% of its accumulation coming from Canada.

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