09:58 AM EDT, 10/09/2025 (MT Newswires) -- Agnico Eagle Mines ( AEM ) said Thursday it has acquired 5 million subscription receipts issued by a subsidiary of Fuerte Metals at 1.65 Canadian dollars ($1.18) per subscription receipt in a private placement worth CA$8.25 million.

The Canadian gold mining company said each receipt will automatically convert into one unit of Fuerte, which will consist of one common share of Fuerte and one share purchase warrant.

Each warrant will allow the holder to acquire one common share of Fuerte at a price of CA$2.50 over a five-year period, the company said.

Price: 168.27, Change: -1.30, Percent Change: -0.77