Agnico Eagle Sells Stake in Gunnarn Mining to Goldsky
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy AEM?
Source: seekingalpha
Agnico Eagle Mines Ltd's stock has hit a 5-day low, reflecting a decline of 6.84% in regular trading.
The company has entered into a share purchase agreement with Goldsky Resources, where Goldsky will acquire a 55% stake in Gunnarn Mining AB for $20 million in cash and over 75.5 million common shares. This strategic divestment aligns with Agnico's focus on optimizing its internal project pipeline, allowing it to concentrate resources on higher-quality projects. Following the transaction, Agnico will hold approximately 32.5% of Goldsky's shares, enhancing its influence within the company.
This move is part of Agnico's broader strategy to streamline its operations and focus on projects with greater potential for development. The market's reaction to this news may reflect investor sentiment regarding Agnico's long-term growth prospects.
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Analyst Views on AEM
Wall Street analysts forecast AEM stock price to rise
13 Analyst Rating
7 Buy
5 Hold
1 Sell
Moderate Buy
Current: 221.000
Low
1.60
Averages
231.12
High
337.00
Current: 221.000
Low
1.60
Averages
231.12
High
337.00
About AEM
Agnico Eagle Mines Limited is a Canada-based and led senior gold mining company engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of exploration and development projects. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine and Pinos Altos. Its exploration sites include Barsele, Delta, Dubuisson, El Barqueno, Hammond Reef, Hope Bay, Jennings, Morelos Sur, North Madsen, Northern Territory, Pandora/Wood-Pandora, and others. The Canadian Malartic complex is located in the town of Malartic, 25 kilometers (km) west of Val-d’Or in northwestern Quebec. The Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo. It also owns a 100% interest in all its properties (128,680 hectares) in Quebec. Its projects also include Marban Alliance, Horizon, Alpha, Launay, Peacock, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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