07:28 AM EST, 01/24/2025 (MT Newswires) -- Agnico Eagle Mines ( AEM ) on Friday said 94% of O3 Mining ( OIIIF ) shares have been tendered as part of buyout offer at $1.67 per share.

The total consideration payable to O3 shareholders, who have so far tendered 110.4 million shares, is $184.4 million. Agnico Eagle extended the expiry date of the offer by a mandatory 10 days to Feb. 3.

In connection with the results of buyout, the O3 board of directors has been reconstituted to include four Agnico Eagle representatives. O3 Mining ( OIIIF ) President and Chief Executive Jose Vizquerra and Chief Financial Officer Elijah Tyshynski will continue in their roles until the deal closes, a statement noted.