Agnico plans to invest $1.2 billion in gold projects in Canada's north

Section:

By Danielle Bochove
Bloomberg News
Wednesday, February 15, 2017

Agnico Eagle Mines Ltd. plans to invest more than $1.2 billion in Canada's subarctic in the next three years as it builds one new mine and expands another.

North America's fourth-largest gold miner by market value is moving ahead with plans to develop its Meliadine project and a deposit near its Meadowbank mine in Nunavut, the company said today in its fourth-quarter earnings statement. The decision will boost Agnico's gold production to 2 million ounces a year by 2020, about 20 percent more than last year's output of 1.66 million ounces.

"This is very much low-risk, high-quality growth because it's an extension of what we've been doing for the last many, many years," Chief Executive Officer Sean Boyd said in an interview at the company's Toronto offices. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-02-15/agnico-to-invest-1-2-...



ADVERTISEMENT

Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



Join GATA here:

Dollar Vigilante Internationalization and Investment Summit
Friday, February 24, 2017
Resort Mundo Imperial
Acapulco, Mexico
http://tdvinvestmentsummit.com
For a 10% percent discount, use the discount code "GATA"

Mining Investment Asia
Tuesday-Friday, March 28-31, 2017
Marina Bay Sands, Singapore
http://bit.ly/1DBH5lb

Mines and Money Asia
Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
http://asia.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16