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Agnico Eagle invests $14.8M in Scout, aiming up to 70% stake via exploration funding in key Idaho projects.

Company Fundamentals
18 Sep 2026
Newsfile Corp
View Source
Bullish
Agnico Eagle invests $14.8M in Scout, aiming up to 70% stake via exploration funding in key Idaho projects.

Agnico Eagle Mines has invested $14.8 million for a 14.9% stake in Scout Discoveries, alongside Electrum Group's $10.2 million investment raising its stake to 30%. The funds will support exploration at Scout's Idaho projects including Cuddy Mountain, Speed Goat, Elk City, and Muldoon. Agnico Eagle may earn up to a 70% interest in the Elk City and Muldoon projects by funding up to $60 million and $30 million respectively over eight years. Initial exploration budgets total approximately $9.4 million through 2027, with Scout operating drilling activities. This partnership validates Scout's long-term strategy to develop district-scale mineral systems in Idaho with a leading gold producer.

Following Agnico Eagle Mines' strategic investment in Scout Discoveries, AEM shares are trading at USD 198.56, down 1.40% as of Sep 18, 2026 21:41 WIB on Pluang. The stock's market cap stands at $102.13 billion, with a 52-week range between $136.34 and $252.19. Pluang investors currently show full buy interest in AEM, reflecting confidence in the company's ongoing projects and partnerships.

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