08:41 AM EDT, 05/01/2025 (MT Newswires) -- Agnico Eagle Mines ( AEM ) traded 2.6% lower at last look Thursday on NYSE pre-market trading as it received TSX approval to renew its normal course issuer bid (NCIB).

Under the NCIB, the company may purchase for cancellation up to the lesser of 25,174,240 shares or 5% of its issued and outstanding common shares; and that number of common shares that can be purchased by the company under the NCIB for an aggregate purchase price of not more than $1 billion.

The NCIB will begin May 4 and end May 3, 2026 at the latest.

Agnico Eagle believes that its NCIB is a flexible and complementary tool that, together with its quarterly dividend, is part of its overall capital allocation program and generates value for shareholders.