Agnico Eagle to Acquire Rupert, Aurion and 70% Stake in Fingold JV for C$481m and $325m
Agnico Eagle will acquire all outstanding shares of Rupert and Aurion Resources, spending C$481m on Aurion and $325m for a 70% Fingold JV stake. The consolidation expands its Central Lapland Greenstone Belt package to 2,492km², secures 3.5moz Ikkari reserves and targets 500,000oz annual output plus C$500m synergies by Q3 2026.
1. Transaction Details
Agnico Eagle has entered into definitive agreements to acquire all outstanding shares of Rupert Resources and Aurion Resources, buying Aurion shares at C$2.60 each for approximately C$481m and securing a 70% stake in the Fingold Ventures joint venture from B2Gold for $325m.
2. Asset Portfolio and Reserves
The transactions will expand Agnico Eagle’s Central Lapland Greenstone Belt holdings to a 2,492km² land package. The Rupert-owned Ikkari gold project brings 3.5 million ounces of probable mineral reserves, while the broader belt offers significant exploration upside.
3. Production Targets and Synergies
Combined assets are poised to deliver up to 500,000 ounces of annual gold production over the next decade. Integration with the existing Kittilä mine is expected to generate development synergies valued at C$500m, supported by a planned comprehensive drill programme and three-year regional exploration initiative.
4. Timeline and Approvals
Both transactions require approval from shareholders and regulatory bodies, with completion anticipated by early Q3 2026. A collaboration agreement with B2Gold will also enhance operational efficiencies across shared environments in Nunavut, Canada.