GIFT: Agnico Eagle gives $1M to Cobalt legacy fund

COBALT, Ontario – Agnico Eagle Mines is making a gift of $1 million to the Historic Cobalt Legacy Fund. The Fund is an endowment established in 2014 with the purpose of preserving Cobalt's historical past and cultural heritage.

Most of the funds from Agnico will be used to support the Cobalt Public Library. Grants will also be made to various other local organizations, including the Cobalt Mining Museum, the Bunker Military Museum of Cobalt, the Classic Theatre of Cobalt and the Cobalt Heritage Silver Trail.

 “We are very pleased to make this contribution in honour of Agnico Eagle’s founder Paul Penna, as well as on behalf of all the men and women whose commitment, perseverance and spirit helped to transform Agnico Eagle into a leading international gold mining company," said Sean Boyd, Agnico’s CEO. “Cobalt is the foundation of our company and as many of our former silver division employees remain in the region, they will continue to benefit from the preservation of these important cultural and community organizations.”

Cobalt has a long and proud history as one of Canada's earliest silver and cobalt producers. What was incorporated as the Cobalt Consolidated Mining Co. in 1953 became Agnico Mines in 1957.

Review the history of "Canada's Cradle of Mining" at CobaltMiningLegacy.ca/mininghistory.php.