UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2023.
Commission File Number 001-13422
AGNICO
EAGLE MINES LIMITED
(Translation of registrant’s name into English)
145
King Street East, Suite 400, Toronto, Ontario M5C 2Y7
(Address of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ¨ Form 40-F x
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101 (b)( 1): ¨
Note:
Regulation S-T Rule 101 (b)( 1) only permits the submission in paper of a Form 6-K if submitted solely to provide
an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101 (b)(7): ¨
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of
the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press
release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b): 82- .
EXHIBITS
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
AGNICO EAGLE MINES LIMITED |
|
(Registrant) |
|
Date: January 2, 2024 |
By: |
/s/ Chris Vollmershausen |
|
|
Chris Vollmershausen |
|
|
Executive Vice-President, Legal, General Counsel & Corporate Secretary |
Exhibit 99.1
Stock Symbol: | |
AEM (NYSE and TSX) |
| |
|
For further information: | |
Investor Relations |
| |
(416) 947-1212 |
AGNICO EAGLE ANNOUNCES INVESTMENT IN CANADA
NICKEL COMPANY INC.
Toronto (December 29, 2023) – Agnico
Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) announced today that it acquired 19,600,000 units (“Units”)
of Canada Nickel Company Inc. (TSX-V: CNC) (“Canada Nickel”) at a price of $1.18 per Unit for total consideration of approximately
$23,128,000 from several sellers that acquired the Units in connection with an offering of flow-through Units by Canada Nickel (the “Share
Purchases”). Each Unit was comprised of one common share of Canada Nickel (a “Common Share”) and 0.35 of one common
share purchase warrant of Canada Nickel (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the
holder to acquire one Common Share at a price of $1.77 at any time prior to December 29, 2026, subject to acceleration of the expiry
date upon the occurrence of certain events.
Agnico Eagle has spent approximately two years
evaluating the critical minerals sector, focusing on Canada and the regions where it operates, where the Company believes it has a competitive
advantage. Agnico Eagle’s investment in Canada Nickel represents an early stage investment in this growing sector. Canada Nickel’s
large, prospective land package and portfolio of early-stage nickel-sulphide deposits are located in northern Ontario, in close proximity
to Agnico Eagle’s operations in the Abitibi region of Ontario and Quebec. Canada Nickel’s Crawford Nickel-Cobalt Sulphide
Project has a large nickel resource and is expected to have a low carbon footprint. Aligning with Agnico Eagle’s well-established
strategy of early-stage project investments, this investment represents an opportunity to establish a presence in an emerging nickel belt
and monitor both the project's progress and emerging technologies relevant to its development.
Prior to the Share Purchases, Agnico Eagle did
not own any Common Shares. Following the Share Purchases, Agnico Eagle owns 19,600,000 Common Shares and 6,860,000 Warrants, representing
approximately 12% of the issued and outstanding Common Shares on a non-diluted basis and 15.6% of the issued and outstanding Common Shares
on a partially-diluted basis (assuming the exercise of the Warrants).
Concurrently with the Share Purchases, Agnico
Eagle and Canada Nickel entered into an investor rights agreement, pursuant to which Agnico Eagle is entitled to certain rights, provided
Agnico Eagle maintains certain ownership thresholds in Canada Nickel, including: (a) the right to participate in equity financings
and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in Canada Nickel
at the time of such financing or acquire up to a 15.6% ownership interest, on a partially diluted basis, in Canada Nickel; and (b) the
right (which Agnico Eagle has no present intention of exercising) to nominate one person to the board of directors of Canada Nickel.
Agnico Eagle acquired the Common Shares and the
Warrants for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional
Common Shares, common share purchase warrants or other securities of Canada Nickel or dispose of some or all of the Common Shares, common
share purchase warrants or other securities of Canada Nickel that it owns at such time.
An early warning report will be filed by Agnico
Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:
Agnico Eagle Mines Limited
c/o Investor Relations
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com
Agnico Eagle’s head office is located at
145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Canada Nickel’s head office is located at 130 King Street West,
Suite 1900, Toronto, Ontario M5X 1E3.
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining
company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration
and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry,
recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently
created value for its shareholders, declaring a cash dividend every year since 1983.
For further information regarding Agnico Eagle,
contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.
Forward-Looking Statements
The information in this news release has been
prepared as at December 29, 2023. Certain statements in this news release, referred to herein as “forward-looking statements”,
constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of
1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be
identified by the use of words such as “may”, “will” or similar terms.
Forward-looking statements in this news release
include, without limitation, statements relating to: Agnico Eagle’s acquisition or disposition of securities of Canada Nickel in
the future; the prospects of the critical minerals sector; the prospects and potential resources of Canada Nickel’s properties,
including the Crawford Nickel-Cobalt Sulphide Project; and expectations regarding the carbon footprint and potential use of emerging technologies
in respect of Canada Nickel’s properties.
Forward-looking statements are necessarily based
upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently
subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause
actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico
Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.
Agnico Eagle Mines (NYSE:AEM)
Historical Stock Chart
From Sep 2024 to Oct 2024
Agnico Eagle Mines (NYSE:AEM)
Historical Stock Chart
From Oct 2023 to Oct 2024