The Financial Post reports in its Wednesday edition that Agnico Eagle Mines has sold its 11.3-per-cent share of Orla Mining. A Canadian Press dispatch to the Post says Agnico sold the shares to buyers in Canada, the United States and elsewhere for a price of $14.75 per share for a total of $560.5-million. Agnico Eagle was an early stage investor in Orla and has been a shareholder since it was established in 2017. The company has since grown into an established mid-tier producer. Agnico Eagle chief executive officer Ammar Al-joundi says the investment in Orla has been beneficial for both companies. With Orla's success in evolving into an intermediate producer and in the context of the current gold market, Mr. Al-joundi says now is the right time to sell Agnico Eagle's stake. The news was released after markets closed on Tuesday. Both stocks trade on the Toronto Stock Exchange.