5 Best Canadian Stocks to Buy for Long Term

2. Agnico Eagle Mines Limited (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM) is one of the best Canadian stocks to buy for long term. On April 20, Agnico Eagle Mines announced a comprehensive plan to consolidate the Central Lapland Greenstone Belt/CLGB in Northern Finland through three definitive transactions. The company will acquire all outstanding shares of Rupert Resources Ltd. and Aurion Resources Ltd., as well as B2Gold’s 70% interest in the Fingold JV.

This move consolidates ~2,492 km² of highly prospective land, combining Agnico Eagle’s existing Kittila mine with the advanced Ikkari gold project. By eliminating property boundaries, the company aims to establish Finland as a multi-decade regional platform with a path toward producing approximately 500,000 ounces of gold annually within the next decade.

The financial structure of these acquisitions involves a mix of shares and cash. For the Rupert Transaction, shareholders will receive 0.0401 of an Agnico Eagle Mines Limited (NYSE:AEM) share per Rupert share, plus contingent value rights/CVRs worth up to $3 based on future mineral reserve and production milestones. The upfront consideration for Rupert is valued at ~$2.871 billion. Meanwhile, the Aurion acquisition is a cash deal valued at $2.60 per share (~$481 million total), and the purchase of B2Gold’s Fingold JV interest will be completed for $325 million in cash. Subject to shareholder and court approvals, the Rupert and Aurion transactions are expected to close early in Q3 2026.

Agnico Eagle Mines Limited (NYSE:AEM) is a senior Canadian gold mining company and the world’s second-largest gold producer, focused on exploring, developing, and operating mines. It operates high-quality, low-risk assets primarily in Canada, Australia, Finland, and Mexico, with about 85% of its production coming from Canada.