Agnico Eagle Mines Limited
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Otis Gold president on discovery at Kilgore, Agnico investment
VANCOUVER — Explorer Otis Gold (TSXV: OOO; US-OTC: OGLDF) recently closed a $5-million strategic investment from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) thanks to exploration success at its wholly owned, royalty-free Kilgore gold property, roughly 50 km due northeast of the town of Dubois,…
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GOLD: GoldQuest closes $22.8M deal with Agnico Eagle
VANCOUVER and TORONTO – GoldQuest Mining Corp. has closed its non-brokered private placement of 38.1 million common shares with Agnico Eagle Mines. The common shares were priced at $0.60 each, raising $22.86 million. Agnico now holds approximately 15% of GoldQuest…
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GOLD: Agnico Eagle invests $14.5M in G4G/White Gold
TORONTO – Agnico Eagle Mines has invested $14.5 million in G4G Capital Corp. with the purchase of 12.1 million shares at a price of $1.20 each. That gives Agnico about a 19.93% interest in the smaller company, that plans to…
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Abitibi Snapshot: Five companies to watch
The renewed strength in gold prices this year has reinvigorated the historic mining camps throughout the Abitibi region of Ontario and Quebec. Here’s a look at what Agnico Eagle, Golden Valley, Kirkland Lake Gold, Pelangio Exploration and Tahoe Resources are…
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SAFETY: Cementation earns gold for safety
NORTH BAY: Ontario-based contractor Cementation received a gold award at the Canada Occupation Safety Awards Gala in Toronto in October. The award recognizes the mine and facilities contracting and engineering firm as one of the safest employers in Canada for 2016…
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ECONOMY: Canada’s territories on diverging GDP paths: Conference Board of Canada
It’s tough enough to have an economy dependent on commodity cycles, but doubly so in the small economies of Canada’s three territories, where the opening or closing of a single mine can make the difference between a growing or shrinking…
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SECOND QUARTER: Losses still plague Canadian miners
This is the season of quarterly reports (one of four times annually), but importantly the end of June marks the mid-point of 2016. From the results so far, this year is going to be an exceedingly difficult one in which…
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GOLD: Rob McEwen boosts interest in Abitibi Royalties
QUEBEC – Rob McEwen has boosted his interest in Abitibi Royalties of Val d’Or with the purchase of 439,084 Abitibi shares for approximately $2.3 million. That increases his interest in the company to 12.3% from 8.7%. Abitibi president and CEO…
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GOLD-COPPER: Agnico-Eagle follows up drilling at Perron project
QUEBEC – Agnico Eagle Mines of Toronto has finished its winter drilling program on the Perron property 8 km northwest of the village of Normetal, about 110 km north of Rouyn-Noranda. The property is optioned from Amex Exploration of Montreal.…
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Agnico touts project pipeline, promising exploration results
VANCOUVER — Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has been one of the best performing gold equities during the recent downturn due to a strong balance sheet and a knack for picking the right projects and developing mines the right way.…
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Auryn touts ‘district-scale’ potential at Committee Bay
VANCOUVER — Explorers often opine on district scale discovery potential. When it comes to Auryn Resources (TSXV: AUG) and its massive land position on the Committee Bay gold belt in Nunavut, however, the collection of financial and scientific minds behind that claim make it seem…
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GOLD: Agnico Eagle’s Meadowbank mine certified under Cyanide Code
NUNAVUT – The International Cyanide Management Institute (ICMI) has certified both the Meadowbank gold mine 70 km north of Baker Lake and its supply chain have been certified in full compliance with the Cyanide Code. The mine belongs to Agnico…
