Agnico Eagle gets TSX approval to renew $2B share buyback program through May 2027.

Agnico Eagle Mines Limited has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing it to repurchase up to $2 billion worth of its common shares or 5% of outstanding shares until May 5, 2027. The buyback aims to return value to shareholders alongside its quarterly dividend and will be funded from existing cash resources. The company may adjust repurchase activity based on market conditions and share price, and shares bought back will be cancelled. This move follows a prior buyback program where 4.47 million shares were repurchased at an average price of $162.83 each.