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Agnico bets on high-grade gold as it digs in Canada's remote north
By Nicholas Saminather
Reuters
Tuesday, April 23, 2019
TORONTO -- Agnico Eagle Mines is doubling down this year on Nunavut, Canada's least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north.
For miners desperate to shore up reserves, the choice is often between safer jurisdictions with inhospitable geographies and easier-to-reach ores in politically challenging locations.
... Dispatch continues below ...
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Investors have been rewarded for backing Agnico's strategy.
The company's shares have surged 71 percent over the past five years, trouncing the 0.3 percent gain in the benchmark S&P/TSX Global Gold Index. Investors believe the company is making the right move again, thanks to high-grade ores in Nunavut and Agnico's 12 years of experience in the Arctic territory. ...
... For the remainder of the report:
https://ca.reuters.com/article/businessNews/idCAKCN1RZ1PO-OCABS
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