Agnico Eagle sells interest in Orla Mining

Agnico Eagle (AEM) sold 38,002,589 common shares of Orla Mining in a sale to buyers in Canada, the U.S. and elsewhere through the facilities of the TSX at a price of C$14.75 per common share for total consideration of C$560,538,188. Immediately prior to the Disposition, Agnico Eagle had beneficial ownership of, or control or direction over, 38,002,589 common shares, representing approximately 11.3% of the issued and outstanding common shares on a non-diluted basis. After giving effect to the Disposition, Agnico Eagle does not have beneficial ownership of, or control or direction over, any common shares. The company invested at an early stage and has been a shareholder since Orla was established in 2017. Agnico Eagle completed the Disposition in order to monetize its investment in Orla and does not currently have any intention to acquire common shares or other securities of Orla.