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Agnico Eagle sells entire $560M position in Orla Mining

By The Northwire Desk — AI Analysis Sep 09, 2025 · 20:17 OLA · 15.24 Orla Mining Ltd.
OLA · Price

Executive Summary

  • Agnico Eagle Mines Ltd. sold its entire 11.3 % stake (38,002,589 common shares) in Orla Mining Ltd. for $560.5 million at $14.75 per share.
  • The proceeds will be redeployed to Agnico Eagle’s strategic priorities and internal growth projects.
  • Following the transaction, Agnico Eagle no longer holds any ownership or control of Orla Mining Ltd.

Key Details

  • Shares sold: 38,002,589 common shares (≈11.3 % of Orla’s issued and outstanding common shares on a non‑diluted basis).
  • Sale price: $14.75 per share.
  • Total consideration: $560,538,188.
  • Transaction venue: Sold to buyers in Canada, the United States and elsewhere through the facilities of the Toronto Stock Exchange.
  • Post‑sale ownership: Agnostic Eagle holds 0 % of Orla Mining Ltd.; no longer has beneficial ownership, control, or direction over any Orla shares.
  • Strategic rationale: Monetize a non‑core investment to fund internal high‑quality growth projects and maintain disciplined capital allocation.
  • Future intent: No current intention to re‑acquire Orla shares or other securities.

Notable Quotes

“Our investment in Orla has been mutually beneficial for both companies… This demonstrates our commitment to disciplined capital allocation and allows us to redeploy capital to our strategic priorities.” – Ammar Al‑Joundi, President & CEO, Agnico Eagle

“This mutually beneficial next step allows Orla to broaden our investor base and enhance long‑term liquidity.” – Jason Simpson, President & COO, Orla Mining Ltd.

Read the original news release →

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