On June 12, Agnico Eagle Mines rose 3.01% in regular trading, trading at $162.59/share, with turnover of $154 million. The rally was driven by confirmation that the Supreme Court of British Columbia granted final approval for the company's acquisition of Rupert Resources.

Under the arrangement, Rupert shareholders will receive 0.0401 of an Agnico Eagle share per share held, plus a contingent value right of up to 3 Canadian dollars in cash tied to milestones over a 10-year period. The court order follows approval by Rupert securityholders at a special meeting earlier this week, and the transaction is expected to close next week. The acquisition is expected to further expand the company's exploration and development project reserves.

Agnico Eagle Mines is Canada's largest mining company and the world's second-largest gold producer, with precious metals operations across Canada, Australia, Finland, and Mexico.

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