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Stock Market & Financial Investment News

News Breaks
August 13, 2014
17:36 EDTAEMAgnico-Eagle updates mineral reserves/resources for Canadian Malartic mine
Agnico Eagle Mines Limited released updated mineral reserves and resources for its 50%-owned Canadian Malartic mine. Agnico Eagle and Yamana Gold I each acquired a 50% interest in the mine as part of the joint acquisition of Osisko Mining Corporation, that was completed on June 16,. The mine is operated by the Canadian Malartic GP under a joint management committee. The mineral reserves and resources set out in this news release reflect the aggregate of Agnico Eagle and Yamana's 50% interests in the Canadian Malartic mine. Highlights on the updated Canadian Malartic mine mineral reserve and resource are as follows: Proven and probable in-pit mineral reserves are 8.9M ounces of gold based on a US$1,300 per ounce engineered pit design, a cut-off grade between 0.28 g/t and 0.35 g/t gold, and C$/US$ exchange rate of 1.10. The addition of the 5% royalty payable to Osisko Gold Royalties increased the highest cut-off grade to approximately 0.35 g/t gold from 0.33 g/t gold. This represents a decrease of about 60,000 ounces to the reserve base from previous estimates published by Osisko. A $100 per ounce decline in the gold price would reduce the reserves by approximately 3.3% or 310,000 ounces. A $100 per ounce decline in the gold price would reduce the reserves by approximately 3.3% or 310,000 ounces.
News For AEM From The Last 14 Days
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March 30, 2015
07:30 EDTAEMJohn Tumazos to hold a conference
Very Independent Research Metals & Natural Resources Conference is being held in New York on March 30 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
March 26, 2015
07:52 EDTAEMAgnico Eagle management to meet with UBS
Meetings to be held in Dallas/Austin on March 26 hosted by UBS.
March 25, 2015
07:15 EDTAEMAgnico Eagle management to meet with UBS
Meetings to be held in Houston/Kansas City/San Antonio on March 25 hosted by UBS.
March 23, 2015
07:23 EDTAEMBarclays to hold a forum
Metals & Materials Cross Asset Forum is being held in New York on March 23-25.
March 20, 2015
06:00 EDTAEMAgnico Eagle names former Barrick Gold CFO Ammar Al-Joundi as president
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