Rockcliffe Capital Initiates Coverage on Agnico Eagle Mines Ltd.  with a "Strong Buy" Rating and C$155 Price Target

Rockcliffe Capital Initiates Coverage on Agnico Eagle Mines Ltd. with a "Strong Buy" Rating and C$155 Price Target

Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Agnico Eagle Mines Ltd. (TSXNYSE: AEM) a premier senior gold mining company with operations spanning Canada, Finland, Australia, Mexico, and the U.S.

Following rigorous financial and operational analysis, Rockcliffe Capital assigns Agnico Eagle a "Strong Buy" rating, alongside a 12-month price target of C$155 , reflecting strong upside potential of approximately 25% from current market levels.

"Agnico Eagle has delivered extraordinary operating discipline and record earnings this quarter," said Felix Gelt, Managing Director of Research at Rockcliffe Capital. "With Q1 net income soaring to US$815 M—up 134% YoY—and free cash flow reaching US$594 M amid near-zero debt, Agnico offers both growth and balance sheet strength in the gold sector."

Investment Thesis Highlights:

  • Earnings Powerhouse: Q1 2025 net income rose to US$815 million (US$1.62 EPS) , a 134% YoY increase, driven by record operating margins from elevated gold prices.
  • Revenue & Margin Strength: Q1 revenue climbed 34.9% YoY to US$2.468 billion , while all-in sustaining costs (AISC) dropped ~10% to US$1,183/oz, delivering a ~59% margin.
  • Balance Sheet Resilience: Operating cash flow hit US$1.044 billion , free cash flow was US$594 million , enabling net debt to fall to just US$5 million, with cash reserves of US$1.138 billion.
  • Strategic Growth Initiatives: Ongoing capital deployment into high-quality projects like Detour Lake, Upper Beaver , and the O3 Mining acquisition enhances reserve base and future production visibility.
  • Shareholder Returns: Maintains a US$0.40/share quarterly dividend . NCIB buybacks of US$50 million executed in the quarter; the Board plans an expanded NCIB of up to US$1 billion.
  • ESG Leadership: Released its 16th Sustainability Report highlighting best-in-class emissions intensity (0.38 tCO₂e/oz), C$1 billion Indigenous economic commitment, and sector-leading safety.

Valuation & Target:
Utilizing a disciplined valuation framework with a projected 2026 EV/EBITDA multiple of ~8× and P/E multiple of ~18× , Rockcliffe Capital derives a 12-month price target of C$155 , equivalent to ~US$115/share, indicating ~25% upside from current levels.

Risk Factors:

  • Gold Price Volatility: A sustained decline in gold prices could compress margins and cash flow.
  • Project Execution: Delays at key sites (e.g., underground transitions, permitting) could affect supply outlook.
  • Macro Factors: A stronger U.S. dollar or higher real interest rates may weigh on gold sector valuations.

About Rockcliffe Capital Research
Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions.

Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership.

Please contact research@rockcliffe.capital for access to our full research suite and initiation reports.

Media Contact
Rockcliffe Capital
Research & Markets Division
research@rockcliffe.capital
+1 (416)-642-1967

This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities mentioned.


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Agnico Eagle Mines Limited

Agnico Eagle Mines Limited

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.

Basin Energy Ltd  Acquires Extensive Uranium and Rare Earth Portfolio

Basin Energy Ltd Acquires Extensive Uranium and Rare Earth Portfolio

Perth, Australia (ABN Newswire) - Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) is pleased to announce that it has entered into a binding agreement to acquire 100% of the issued capital of NeoDys Limited ("NeoDys"), a privately held critical minerals explorer with a dominant landholding in the Mount Isa region of northwest Queensland.

Key Highlights

- Binding agreement to acquire the largest prospective uranium and rare earth packages in Queensland, adjacent to Paladin Energy Limited's (ASX:PDN) Valhalla uranium deposit and Red Metal Limited's (ASX:RDM) Sybella rare earth discovery [1*]

- Early stage exploration supports three distinct, drill-ready exploration models, each amenable to low-cost shallow drilling:

o AEM geophysical survey previously reported identified extensive paleochannel network adjacent to the Sybella uranium "hot" granite.

o Significant hard rock granite rare earth element potential, analogous to Red Metal's Sybella discovery. Recent auger drill sampling returned numerous significant results including 5 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide, incl. 3 m @ 705 ppm Nd+Pr oxide.

o District-scale sediment-hosted ionic clay rare earth potential with $150,000 Queensland Government funding in place to fastrack drilling. Soil sampling completed with numerous samped returning >600 ppm TREO with a maximum of 653 ppm TREO.

- Additional Valhalla-style uranium targets with multiple untested radiometric anomalies, in proximity to Valhalla, Skal and Odin deposits which host a combined 116 Mlbs U3O8 [2*]

- The Company has received firm commitments from institutional and sophisticated investors to raise $1.25 million at $0.025 per share, representing a 9% premium to 20 day VWAP.

- With the oversubscribed placement along with the Queensland grant, Basin Energy is fully funded to test these drill-ready high priority targets, enabling the Company to fast-track multiple uranium and rare earth drill programs.

- Detailed targeting and drill planning is underway with exploration planned to commence in Q4 2025 to test shallow, high priority targets via aircore and reverse circulation drilling.

Managing Director, Pete Moorhouse commented:

"This acquisition propels Basin into Australia's uranium and rare earth exploration landscape. These projects deliver exceptional geology, strategic scale and compelling upside across two of the most critical mineral sectors of the energy transition. With drill-ready targets and a low-cost structure, this portfolio is primed to deliver value for shareholders. Over the next 6 months, Basin Energy will be drilling the first holes on three district-scale opportunities for uranium and rare earth deposits in Northwest Queensland.

The Company is delighted with the strong interest in the capital raising. On behalf of the Board, I welcome our new shareholders, and thank existing shareholders for their continued support at an exciting time of development for the Company. We will be holding a webinar to walk through the projects on 28th August and encourage people to log in and learn more about this opportunity."

Overview

This acquisition provides Basin with a commanding position over one of Australia's emerging and underexplored provinces for uranium and rare earth elements ("REE"), leveraging the recent Sybella rare earth discovery by Red Metal Limited (ASX:RDM) and the prospectivity of the adjacent Barkly Tableland.

Basin now holds 5,958 km2 of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling. NeoDys have an existing Queensland Government Collaborative Exploration Initiative funding agreement for $150,000, available for Basin to support upcoming drilling programs.

The drill-ready, district scale targets include:

- Paleochannel roll front uranium (1*)

- Sediment and ionic clay hosted rare earth elements (2*)

- Hard rock, granite hosted rare earth elements (3*)

In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhallastyle uranium targets defined for immediate assessment.

The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith ("the Sybella"), a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) Sybella Discovery with a recent JORC inferred resource estimate of 4.795 Bt at 302 ppm NdPr, 28 ppm DyTb (200 ppm NdPr cut-off) or 209 Mt at 377 ppm NdPr, 34 ppm DyTb (360 ppm NdPr cut-off) [1*]. The Sybella granites are also uranium rich, potentially being the source of Paladin Energy's (ASX:PDN) Valhalla deposits[2*] .

Terms of the Share Placement

The Company has received firm commitments to raise $1.25 million, by way of a two-tranche share placement ("Placement") of 50 million shares at an issue price of $0.025 per share. The Placement price represents the Company's last market close price, and a 9.1% premium to the 20-day VWAP.

Tranche two will be subject to a general meeting, to be called shortly and expected in early October.

The offer was significantly oversubscribed, with proceeds to be allocated as follows:

- Air core drilling on the Barkly Tablelands uranium and REE targets

- RC drilling at the Newmans Bore granite-hosted REE target

- Mapping and sampling of the West Valhalla Radiometric targets

- General working capital.

The Placement was managed internally and was not subject to broker fees.

To view the full announcement, please visit:
https://abnnewswire.net/lnk/3833C16P



About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.



Source:
Basin Energy Ltd

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