Agnico Eagle completed the acquisition of a 38.1% stake in Green Star Royalties for C$15m.

Agnico Eagle, a gold miner, completed the acquisition of a 38.1% stake in Green Star Royalties, a precious metal loyalty and streaming company, for C$15m. "We are thrilled to establish a strategic relationship with Agnico Eagle and we look forward to jointly maximizing the potential of Green Star Royalties. We recognize the alignment between our and Agnico Eagle’s commitments to sustainability and we welcome their expertise as not only a highly reputable senior Canadian gold mining company, but also a global ESG leader in their industry. The Private Placement supports the growing valuation of Green Star Royalties and represents a strong endorsement of our green royalty business model. We believe this support for our green strategy and increased scale following the Private Placement should accelerate our growth, which we expect would lead to a lower cost of capital going forward," Alex Pernin, Star Royalties CEO.