Stock Symbol: AEM (NYSE and TSX)
(All amounts expressed in U.S. dollars unless otherwise noted)
Agnico-Eagle Completes Compulsory Acquisition Of Remaining Cumberland Common Shares
Toronto (July 9, 2007) - Agnico-Eagle Mines Limited ("Agnico-Eagle") announced today that its wholly-owned subsidiary, Agnico-Eagle Acquisition Corporation, has completed the compulsory acquisition of 6,624,271 common shares of Cumberland Resources Ltd. ("Cumberland") not acquired pursuant to the take-over bid initiated on March 12, 2007. It is expected that the consideration for the Cumberland share certificates deposited to date will be mailed to the depositing shareholders this week. Cumberland is now a wholly-owned indirect subsidiary of Agnico-Eagle.
It is expected that Cumberland's common shares will be delisted from the Toronto Stock Exchange at the close of business (Toronto time) on July 10, 2007 and trading of Cu
mberland's common shares on the American Stock Exchange will be suspended prior to the commencement of trading on July 10, 2007. Cumberland will make applications to cease to be a reporting issuer in Canada and the United States as soon as reasonably practicable.
About Agnico-Eagle
Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec and exploration and development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's largest gold deposit in terms of reserves. The Company has full exposure to changes in gold prices consistent with its policy of no forward gold sales. It has paid a cash dividend for 25 consecutive years.
For further information:
David Smith; VP, Investor Relations
(416) 947-1212
RENMARK FINANCIAL COMMUNICATIONS INC.
JOHN BOIDMAN : JBOIDMAN@RENMARKFINANCIAL.COM
HENRI PERRON : HPERRON@RENMARKFINANCIAL.COM
MEDIA - EVA JURA: EJURA@RENMARKFINANCIAL.COM
TEL.: (514) 939-3989
FAX: (514) 939-3717
WWW.RENMARKFINANCIAL.COM
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Agnico-Eagle Mines Limited
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PRODUCTEUR |
CODE : AEM.TO |
ISIN : CA0084741085 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Agnico-Eagle est une société de production minière d'or basée au Canada. Agnico-Eagle est productrice d'or, d'argent, de cuivre, de plomb et de zinc au Canada, au Mexique et en Finlande, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc au Canada, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont LARONDE, LARONDE (EL COCO) MINE, MEADOWBANK et LARONDE EXTENSION au Canada, PINOS ALTOS au Mexique et KITTILA en Finlande, ses principaux projets en développement sont LAPA, GOLDEX et LARONDE au Canada et ses principaux projets en exploration sont BOUSQUET MINE, JOUTEL, NIGHTHAWK, GERMAN PROPERTY, MOUNTJOY PROPERTY, THORNLOE, REID, NW DELORO, CARR - WILKIE, WHITNEY TISDALE, WARK, EASTER DOME, MELIADINE, ELLISON, BOUSQUET AND ELLISON, COLOMAC MINE, CABALLO BLANCO PROPERTY et VICTORY LAKE au Canada et MORELOS SUR au Mexique. Agnico-Eagle est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,9 milliards CA$ (14,5 milliards US$, 13,6 milliards €). La valeur de son action a atteint son plus bas niveau récent le 29 octobre 1999 à 10,10 CA$, et son plus haut niveau récent le 13 novembre 2020 à 99,66 CA$. Agnico-Eagle possède 230 990 000 actions en circulation. |