Gold miner Agnico Eagle sells its 18 per cent stake in Royal Road Minerals

Gold miner Agnico Eagle Mines Ltd. has signed an agreement to buy O3 Mining Inc. in a friendly deal valued at about $204 million.The Agnico logo is shown in a handout. THE CANADIAN PRESS/HO

By The Canadian Press

Posted Sep 29, 2025 09:23:22 AM.

Last Updated Sep 29, 2025 12:45:23 PM.

TORONTO — Agnico Eagle Mines Ltd. says it has sold its 18 per cent stake in Royal Road Minerals Ltd. for about $5.5 million.

The gold miner says it sold 47,944,981 shares in Royal Road at a price of 11.5 cents per share.

Agnico Eagle says it completed the sale in order to monetize its investment.

Royal Road has development projects in Morocco, Saudi Arabia and Colombia.

In a separate news release, Royal Road announced that Rio2 Ltd. has bought a 15 per cent stake in the company.

Rio2, which is developing the Fenix project in Chile, says it acquired the shares for investment purposes.

This report by The Canadian Press was first published Sept. 29, 2025.

Companies in this story: (TSX:AEM, TSX:RIO, TSXV:RYR)

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