Agnico Eagle Mines (NYSE:AEM) has launched a multi-billion-dollar acquisition spree, striking three deals to gain control of one of Finland’s biggest gold‑producing regions.
The Toronto-based miner is acquiring Rupert Resources (OTCQX:RUPRF) for approximately C$2.9 billion (about US$2.1 billion), Aurion Resources (OTCQX:AIRRF) for about $350 million in cash, and purchasing B2Gold’s (AMEX:BTG) 70% stake in the Fingold joint venture for $325 million.
Combined, the deals give Agnico full control over a 2,492 square-kilometer land package in Finland’s Central Lapland Greenstone Belt.
“The scale of the mineralized trends, combined with the elimination of property boundaries, provides a strong foundation for disciplined, multi‑year exploration aimed at expanding resources and delivering new discoveries,” Agnico’s Executive VP Guy Gosselin said in the announcement.
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