Agnico Eagle Mines Limited (NYSE:AEM) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 24,961,914 shares, representing 5% of its issued and outstanding share capital, for $500 million. The bid will be funded using company?s existing cash resources.

The repurchased shares will be cancelled. The bid will terminate on the earlier of May 3, 2025, and the completion of purchases under the bid, up to the lesser of 5% of its issued and outstanding common shares. As of April 26, 2024, the company had 499,238,285 issued and outstanding shares.