Origin Merchant Partners (“Origin”), is pleased to announce we have acted as Financial Advisor to the Special Committee of Rupert Resources Ltd. (“Rupert” or the “Company”) on its definitive arrangement agreement (the “Arrangement Agreement”) with Agnico Eagle Mines Limited (“Agnico Eagle”) pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Rupert (the “Rupert Shares”) it does not already own by way of plan of arrangement (the “Transaction”).
Under the terms of the Transaction, Rupert shareholders will receive 0.0401 of an Agnico Eagle common share for each Rupert share, representing C$12.00 per share based on Agnico Eagle’s recent trading price, plus a contingent value right (CVR) of up to C$3.00 per share in cash tied to future mineral reserve growth and the achievement of commercial production at Rupert’s Ikkari gold project in Finland. The total Transaction value based on the Share Consideration is approximately C$2.9 billion (on a 100% equity ownership basis). The consideration represents a 67% premium to Rupert’s closing share price prior to the announcement. The Transaction has been unanimously approved by Rupert’s Board of Directors and an independent Special Committee. As its financial advisor, Origin prepared and provided a MI 61-101 formal valuation and fairness opinion to the Special Committee.
Agnico Eagle’s financial strength and extensive operating experience in Finland are expected to accelerate the development of Ikkari and unlock its long‑term exploration potential. Rupert shareholders will retain continued exposure to the project’s upside through both Agnico Eagle share ownership and the CVRs.
The transaction is expected to close in early Q3 2026, subject to shareholder, court, and regulatory approvals.
About Rupert Resources:
Resources Ltd. Rupert Resources Ltd. is a gold exploration and development company focused on advancing the Ikkari project in the Central Lapland Greenstone Belt of Northern Finland. Ikkari has a >4Moz gold resource with high margins, lowest quartile costs and emissions, and is located in one of Europe’s most attractive mining jurisdictions.
Press release:
RUPERT RESOURCES TO BE ACQUIRED BY AGNICO EAGLE – Rupert Resources
Deal Team: Jim Meloche, Charles Pennock, Umer Randhawa
