Morningstar

Agnico-Eagle Mines to Renew 5% Buyback Program

Provided by Dow Jones May 4, 2026, 1:24:00 PM

By Adriano Marchese

Agnico-Eagle Mines intends to renew its share-repurchase program to buy back up to 5% of its issued and outstanding shares over the course of a one-year period.

The Toronto-based miner on Monday said it received approval from the Toronto Stock Exchange to renew its normal course issuer bid to buy back up to about 25 million shares.

Shares have risen in 2026, and are currently 7.3% higher since the start of the year. The stock closed on Friday at 249.67 Canadian dollars.

At Friday's closing price, the value of the shares intended for buyback would be worth about C$6.25 billion (US$4.6 billion).

Agnico-Eagle can begin buying back shares starting on May 6.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 04, 2026 09:24 ET (13:24 GMT)

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