New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
10:00 EDTAEMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:53 EDTAEMAgnico-Eagle downgraded to Neutral from Overweight at HSBC
Subscribe for More Information
January 21, 2015
08:39 EDTAEMGoldcorp acquires additional interest in Probe from Agnico-Eagle for CAN43M
Goldcorp (GG) has entered into an agreement to purchase 7,320,200 common shares of Probe Mines Limited and 2,347,951 warrants to purchase common shares of Probe from Agnico Eagle Mines (AEM) for cash consideration of CAN5.00 per common share and CAN2.90 per warrant for an aggregate purchase price of approximately CAN43M. Each warrant is exercisable to purchase one common share of Probe at a price of CAN2.10 until May 28. The purchase is expected to close on or about January 28. Following the acquisition from Agnico, Goldcorp will own 15,720,200 Probe shares and 2,347,951 warrants, representing beneficial ownership of 19.9% of shares on a partially-diluted basis. If the proposed Plan of Arrangement pursuant to which Goldcorp proposes to acquire all of the outstanding common shares of Probe is approved by the shareholders of Probe, Goldcorp will acquire 100% of the issued and outstanding Probe shares.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use