Agnico Eagle Mines Limited (NYSE:AEM) signed binding agreement to acquire Fosterville exploration licence EL007795 Australia from Southern Star Exploration Pty Ltd for AUD 17 million on October 30, 2025. A cash consideration of AUD 17 million will be paid by Agnico Eagle Mines Limited. As part of consideration, AUD 17 million is paid towards assets of Fosterville exploration licence EL007795 Australia.

Completion of the Tenement Sale is subject to Victorian Government approval and to the satisfaction of other customary conditions, and is expected to take up to two months to complete.

Corrs Chambers Westgarth acted as legal advisor for Southern Star Exploration Pty Ltd. Salient Corporate acted as Corporate Adviser to the transaction.

Agnico Eagle Mines Limited (NYSE:AEM) completed the acquisition of Fosterville exploration licence EL007795 Australia from Southern Star Exploration Pty Ltd on December 22, 2025