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AGNICO EAGLE agrees to acquire three firms in Finland gold consolidation

April 20, 2026 6:31 AM

Agnico Eagle Mines Limited (NYSE: AEM) announced three separate transactions to consolidate properties in Finland's Central Lapland Greenstone Belt. The company has entered into definitive agreements to acquire Rupert Resources Ltd., Aurion Resources Ltd., and B2Gold Corp.'s 70% interest in Fingold Ventures Ltd.

Under the Rupert transaction, shareholders will receive 0.0401 Agnico Eagle shares plus contingent value rights worth up to $3.00 per share based on development milestones. The total upfront consideration is valued at approximately $2.87 billion on a fully-diluted basis, representing a 67% premium to Rupert's closing price on April 17, 2026.

Aurion shareholders will receive $2.60 cash per share, totaling approximately $481 million on a fully-diluted basis. This represents a 46% premium to Aurion's closing price on the TSX Venture Exchange as of April 17, 2026.

Agnico Eagle will pay B2Gold $325 million for its 70% stake in the Fingold joint venture. Combined with Aurion's 30% interest, this will give Agnico Eagle full ownership of the joint venture upon completion of both transactions.

The acquisitions will add Rupert's Ikkari gold project, which contains 3.5 million ounces of gold in probable mineral reserves, to Agnico Eagle's existing Kittila mine in Finland. The consolidated land package will total approximately 2,492 square kilometers.

Agnico Eagle expects the integration to generate operating and development synergies of up to $500 million. The company plans a three-year regional exploration program costing $60-100 million, including 100,000 to 175,000 meters of drilling.

All three transactions are expected to close in the third quarter of 2026, subject to shareholder and regulatory approvals. The Rupert and Aurion transactions require two-thirds shareholder approval, while the B2Gold transaction does not require shareholder approval.

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Corporate News Mergers and Acquisitions

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