Overview
- Agnico said it agreed to buy Rupert Resources, Aurion Resources, and B2Gold’s 70% stake in Fingold for roughly $3.8 billion.
- The Rupert offer carries a 67% premium and pays part in shares with milestone‑linked cash over ten years.
- The purchases give Agnico full ownership of the Fingold project and add Rupert’s Ikkari deposit, which targets 2030 output with an expected 20‑year mine life.
- The company said the combined Finland platform could reach about 500,000 ounces of annual production once projects start producing.
- Agnico already runs the Kittilä mine in Lapland, operating since 2009 and among Europe’s largest gold mines, which anchors this regional expansion.