12:04 PM EDT, 05/01/2025 (MT Newswires) -- (Adds detail and updates shares.)

Agnico Eagle Mines ( AEM ) on Thursday said it received TSX approval to renew its normal course issuer bid.

Under the NCIB, the company can buy bac and cancel the lesser of 25.17-million shares, 5% of its outstanding shares, with a $1-billion spending limit on the buybacks.

The NCIB will begin May 4 and run for up to 12 months.

Under its current NCIB, which expires on May 3, the company repurchased 1.86 million of an allowed 24.96-million shares.

Agnico Eagle shares were last seen down $4.50 to $157.53 on the Toronto Stock Exchange.

Price: 157.47, Change: -4.56, Percent Change: -2.81