Agnico Eagle Mines takes 12.98% stake in Maple Gold with C$1.62M purchase

Strategic foothold in junior explorer

Agnico Eagle Mines announces it has purchased 662,780 common shares of Maple Gold Mines at C$2.45 per share for aggregate consideration of C$1.62 million, acquiring the shares from several sellers who participated in Maple’s recent flow‑through offering. The move increases Agnico Eagle’s holding to 8,716,825 common shares and 586,619 warrants, representing about 12.98% of Maple’s issued and outstanding common shares on a non‑diluted basis and roughly 13.73% on a partially‑diluted basis, assuming exercise of its warrants and giving effect to concurrent Maple issuances.

Agnico frames the purchase as part of a targeted strategy to establish strategic positions in companies and assets with high geological potential, reinforcing its ability to access prospective exploration opportunities without taking operational control. The company says such minority stakes give it optionality to support exploration that aligns with Agnico’s technical priorities and regional focus, while allowing Maple to retain autonomy over project execution and local development plans.

The transaction also reinforces Agnico’s role as a strategic partner under an investor rights agreement dated Oct. 13, 2020, which allows Agnico, while maintaining specified ownership thresholds, to participate in equity financings to preserve its pro rata interest or increase its stake up to 19.9%. Under the same agreement Agnico is entitled to nominate one director — or two directors if Maple’s board expands to eight or more directors — though the miner says it does not presently intend to exercise nomination rights. Agnico adds that, depending on market conditions and its strategic priorities, it may either acquire additional Maple securities or dispose of some or all of its holdings.

Regulatory and reporting steps

Agnico says it will file an amended early warning report in accordance with applicable securities laws to reflect the share purchases and provide the required disclosures. The company points stakeholders to its Investor Relations office in Toronto for enquiries.

Holdings context

Agnico previously disclosed in an early warning report on Sept. 9, 2025 that it held common shares and warrants representing about 15.38% non‑diluted and 16.32% partially‑diluted of Maple’s common shares; subsequent dilutive issuances reduced that interest to roughly 12.90% non‑diluted and 13.71% partially‑diluted immediately before the recent purchases.