Agnico Eagle Extends Footprint In Mexico Dec. 2
Post# of 9903
Posted On: 12/07/2014 3:05:31 AM
Re: bigmoneytrader #5520
Agnico Eagle Extends Footprint In Mexico
Dec. 2, 2014 5:34 PM ET | by Christopher De Sousa | about: aem
Summary
Agnico Eagle purchases Cayden Resources for C$205 million ($181 million U.S.).Agnico Eagle plans to release a maiden resource estimate based on the El Barqueño mineral property.Agnico Eagle made a great buy, and investors should look forward to future drill results from these prospective properties.
Agnico Eagle Mines (NYSE:AEM) recently acquired gold exploration companyCayden Resources for C$205 million ($`181 million U.S.). This deal extends Agnico Eagle's exiting portfolio of Mexican gold mines, adding Cayden Resources' El Barqueño and Morelos Sur gold-bearing exploration properties (see Figure 1). Agnico Eagle has assigned $15 million toward an exploration program, with a key focus on deriving a maiden resource estimate from El Barqueño for next year.
http://m.seekingalpha.com/article/2722545-agn...-in-mexico
Dec. 2, 2014 5:34 PM ET | by Christopher De Sousa | about: aem
Summary
Agnico Eagle purchases Cayden Resources for C$205 million ($181 million U.S.).Agnico Eagle plans to release a maiden resource estimate based on the El Barqueño mineral property.Agnico Eagle made a great buy, and investors should look forward to future drill results from these prospective properties.
Agnico Eagle Mines (NYSE:AEM) recently acquired gold exploration companyCayden Resources for C$205 million ($`181 million U.S.). This deal extends Agnico Eagle's exiting portfolio of Mexican gold mines, adding Cayden Resources' El Barqueño and Morelos Sur gold-bearing exploration properties (see Figure 1). Agnico Eagle has assigned $15 million toward an exploration program, with a key focus on deriving a maiden resource estimate from El Barqueño for next year.
http://m.seekingalpha.com/article/2722545-agn...-in-mexico
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