Agnico Eagle Mines Limited announced on September 29, 2025 that it had sold 47,944,981 ordinary shares of Royal Road Minerals Limited at a price of C$0.115 per share, generating a total consideration of C$5,513,673. The disposition eliminates the company’s 18 % beneficial ownership of Royal Road’s shares, which it held prior to the sale.
The sale aligns with Agnico Eagle’s stated focus on high‑quality internal growth projects and strategic positions in prospective opportunities. By monetizing its investment in Royal Road, the company frees capital that can be redirected toward its core mining operations and development pipeline.
The transaction will be reported in an early warning filing as required by securities law. While the divestiture does not affect Agnico Eagle’s day‑to‑day mining activities, it reduces the company’s equity exposure to Royal Road and reflects a strategic shift toward concentrating resources on its primary assets.
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