Agnico Eagle Mines Ltd (AEM.N)
24 Mar 2017
* Agnico Eagle Mines - agreed to purchase 38.1 million common shares of Goldquest Mining Corp in non-brokered private placement at price of $0.60 per share
* Otis Gold - Agnico Eagle Mines agreed to acquire, by private placement, 14.42 million shares of co at price of $0.35 per common share
TORONTO/VANCOUVER After five years of painful belt-tightening, the world's biggest gold miners are starting to cautiously loosen their purse strings and spend more money to find new deposits and build mines.
Feb 15 Agnico Eagle Mines said on Wednesday it would invest more than $1.2 billion in building a gold mine in Canada's Arctic and expanding another, making it one of the few gold companies to be constructing mines at a time when industry output is shrinking.
* Agnico Eagle reports fourth quarter and full year 2016 results - Meliadine and Amaruq projects approved for development; annual gold production expected to grow to 2.0 million ounces in 2020
Agnico Eagle Mines Ltd said an employee of a local contractor died in an accident at their Kittila mine in northern Finland on Thursday.
* Agnico Eagle reports third quarter 2016 results: strong operational performance continues; ongoing exploration yields positive results at Amaruq, Sisar Zone at Kittila, Olmeca zone at El Barqueno and Barsele Project in Sweden