Agnico Eagle shares jump 5.85% premarket after announcing agreement to sell Barsele project stake to Goldsky Resources.

Agnico Eagle Mines (AEM) surged 5.85% in premarket trading following the announcement of an agreement to sell its 55% stake in the Barsele gold project in Sweden to Goldsky Resources. This transaction, confirmed by PR Newswire and CNW Group, positions Agnico to focus on core assets while generating capital from non-core projects. The deal aligns with recent analyst optimism, including JPMorgan’s valuation comparisons and bullish price targets from Insider Monkey, reinforcing investor confidence in Agnico’s strategic asset management and operational efficiency. The move contrasts with broader market fluctuations and gold price volatility, as the sale reflects a proactive approach to portfolio optimization rather than macroeconomic factors.