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Agnico Eagle Mines Ltd (Ontario) T.AEM

Alternate Symbol(s):  AEM

Agnico Eagle Mines Limited is a Canada-based gold mining company, which is engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. The Company has a pipeline of exploration and development projects in these countries as well as in the United States. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine and Pinos Altos. Its exploration site includes Anza, Barsele, Delta, Douay/Joutel, Kirkland Lake Regional, Kuotko, Monument Bay and others. The Canadian Malartic Complex is located over 25 kilometers (km) west of Val-d’Or in northwestern Quebec, Canada. The Detour Lake operation is located in northeastern Ontario, over 300 km northeast of Timmins and 185 km by road northeast of Cochrane, within the northernmost Abitibi Greenstone Belt. The Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo.


TSX:AEM - Post by User

Comment by TheREVOlutionon Mar 04, 2024 2:09am
92 Views
Post# 35912561

RE:Looks like Agnico going to make a move to buy Prism

RE:Looks like Agnico going to make a move to buy Prism

Now you have to read this to understand why Agnico will be going through with this. https://www.canadianminingjournal.com/featured-article/steady-hands-whip-detour-lake-into-shape/

Excerpt: " One of the more exciting aspects of Detour’s future, however, is the new high-grade discovery south of the current open pit along a major east-west structural break less than 6km south of the Sunday Lake deformation zone that hosts the Detour Lake mine and which Beaudoin describes as “one of the most important discoveries on the Detour Trend in forty years.” Earlier this summer Detour released assay results from its exploration program in the Lower Detour area with highlights from the 58N Zone including intercepts of 12.74 grams gold per tonne over 28 metres, 11.82 grams gold over 32.4 metres and 9.69 grams gold over 30.3 metres. Drilling in Zone 75, 20 to 50 metres south of the 58N Zone, returned assays of 4.31 grams gold over 7.3 metres, 10.82 grams gold over 7.0 metres and 7.41 grms gold over 5.1 metres. Beaudoin is encouraged by the results so far and says he hopes to find a lot more to potentially develop a higher grade feed source for the mine." “Within two seasons we’ve proven that we have high-grade material close to the mine, right on our doorstep,” he says. “We’re all excited about this and if we could spike grades it would be a screamer.”

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