07:41 AM EDT, 09/29/2025 (MT Newswires) -- Agnico Eagle Mines Limited ( AEM ) , trading at 52 week highs in both Canada and the United States, was at last look up more than 2% in US premarket trade Monday as the company said it sold 47,944,981 ordinary shares of Royal Road Minerals Limited ( RRDMF ) through the facilities of the Toronto Stock Exchange at a price of C$0.115 per ordinary share for total consideration of C$5,513,673.

Immediately prior to the disposition, Agnico Eagle had beneficial ownership of, or control or direction over, 47,944,981 ordinary shares, representing approximately 18% of the issued and outstanding ordinary shares on a non-diluted basis. After giving effect to the disposition, Agnico Eagle does not have beneficial ownership of, or control or direction over, any ordinary shares.

Agnico Eagle said it completed the disposition in order to monetize its investment in Royal Road and does not currently have any intention to acquire ordinary shares or other securities of Royal Road.

Shares in AEM gained more than 2% and hit 52 week highs in Canada last Friday.