agnico eagle mines limited

Agnico Eagle is a global leader in the gold mining business. Description Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. TORONTO--(BUSINESS WIRE)--Feb 2, 2021--TMAC Resources Inc. (TSX: TMR) (“ TMAC ” or the “ Company ”) is pleased to announce today that it has concluded the previously announced plan of arrangement (the “ Transaction ”) pursuant to which Agnico Eagle Mines Limited (“ Agnico Eagle ”) has acquired all of the issued and outstanding common shares of the Company (the “ CommonShares [3], In 1974, the Joutel mine went into production and would eventually produce approximately 1.1 million ounces of gold until its closure in 1993. It also owns 50% of the Canadian Malartic mine. ... Last I checked, "we" don't own Agnico Eagle Mines, so I don't think the company's resources are "ours" in any way. [8], Employing 213 people, with an estimated mine life of 10 years (2008-2018); Goldex is an underground mine located just outside Val-d'Or, Quebec, Canada. Although Lapa may be a smaller operation in comparison to our other mines, it is one of Agnico Eagle's highest-grade mines, with reserve grades twice as rich as the company average. In 2011, the company also announced a $70 million (CAD) investment in Rubicon Minerals, representing a 9.2% ownership stake and access to the Phoenix gold project located in the heart of Red Lake, Ontario. With 375 employees, this open pit and underground mine is one of the largest known gold deposits in all of Europe, containing almost 4.9 million ounces of gold in reserves. [3] [3], In 1993, they completed the purchase of the Goldex mine, becoming the 100% owner of the largest unexploited gold deposit in Quebec. "Agnico" is derived from the periodic table of elements using the symbols for silver (Ag), nickel (Ni) and cobalt (Co). Company Participants. Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico and exploration and development activities extending to the United States. Pinos Altos began operation in 2009 and is expected to continue until 2026, resulting in an estimated 17 years of production. Human Resources For human resources contacts, please visit our Careers section. Meadowbank is an open-pit mine in the Kivalliq Region of Nunavut with an 8-year life expectancy (2010 – 2017). Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Now officially opened, the Centre allows firefighters to train in practical, real-time fire and rescue situations. Press Release Agnico Eagle Mines Limited Completes Acquisition of TMAC Resources Inc. Ensure we develop a best-in-class project pipeline to replenish reserves and production, while maintaining the quality, manageability and fit of our future portfolio. Transfer Agent Registrar and Stock Transfer Agent questions on stock The Company operates through three business units: Northern Business, Southern Business and Exploration. About Agnico Eagle Mines Ltd Agnico Eagle Mines Limited is a gold producer with operations primarily in northwestern Quebec, northern Mexico, northern Finland and Nunavut. The main headframe that is used at the Lapa mine was constructed almost entirely from a pre-existing headframe at LaRonde. Its operating mines are located in Canada, Finland and Mexico, with exploration and development activities in each of these countries as well as in the United States and Sweden. [8], Lapa, located about 11 km away from the LaRonde mine (see above), in the Rivière-Héva municipality of the Abitibi region in Quebec, Canada, is one of Agnico Eagle's smaller operations employing 192 people, with a 6-year mine life expectancy (2009-2015). Business data for Agnico Eagle Mines Limited: This page was last edited on 1 March 2021, at 06:56. The company operates through Northern Business and Southern Business segments. Find the latest Agnico Eagle Mines Limited (AEM) stock quote, history, news and other vital information to help you with your stock trading and investing. In 1963, visionary Paul Penna became the president of Agnico Mines, and he eventually oversaw the merger of Agnico Mines with Eagle Mines Ltd, a successful gold exploration company, enabling the development of Eagle's Joutel mining complex. The 2011 exploration program is expected to include more than 410 km of planned drilling to expand resources and convert our large gold resource to reserves. It operates through the following segments: Northern Business, Southern Business, and … Operating in … [10], reliable, independent, third-party sources, Learn how and when to remove this template message, deepest single lift shaft in the Western Hemisphere, "Financials for Agnico Eagle Mines Limited", "Agnico-Eagle Mines Ltd 2008 Annual Report", "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic", https://en.wikipedia.org/w/index.php?title=Agnico_Eagle_Mines_Limited&oldid=1009570011, Companies listed on the New York Stock Exchange, Companies listed on the Toronto Stock Exchange, Articles lacking reliable references from March 2013, Official website different in Wikidata and Wikipedia, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, 1953 as Cobalt Consolidated Mining Company. ET It began production in February 2014 and has a mine life expectancy of 6 years. The following slide deck was published by Agnico Eagle Mines Limited in conjunction with this event. Ensure our existing portfolio delivers on expectations, lowers operational risk and generates free cash flow. In 2010 the first gold brick was poured at Meadowbank, which was also the first ever gold brick to be poured in the history of Nunavut. Agnico Eagle Mines Limited 145 King Street East, Suite 500 Toronto, ON Canada M5C 2Y7. [9] [8], Agnico Eagle's largest employer, with 972 employees, is the Pinos Altos mine located in the state of Chihuahua, in northern Mexico. Here is how we do it: Agnico Eagle's mission is to build a high quality, easy to understand business – one that generates superior long-term returns for our shareholders, creates a great place to work for our employees, and contributes positively to the communities in which we operate. The origins of the Agnico property can be traced to 1903, at a time when northern Ontario remained wilderness. [4], In 2018, CEO Sean Boyd received The Northern Miner's "Mining Person of the Year Award" at the annual Pacific Mine Forum (PMF). Develop and provide growth opportunities for our people, and provide the skills infrastructure to support the development of our operations and projects. The original headframe was dismantled, sand blasted and painted before it was installed at Lapa. In 1953, five struggling mining companies joined together to become Cobalt Consolidated Mining, which would last until 1957, when the company changed its name to Agnico Mines. About Agnico Eagle Mines Limited. Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Agnico Eagle Mines Ltd. Agnico Eagle Mines Ltd. engages in the exploration and production of gold. Get the latest stock price for Agnico Eagle Mines Limited (AEM), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Agnico Eagle Mines Limited 145 King Street East, Suite 400 Toronto, ON Canada M5C 2Y7. Not only do the Goldex tailings neutralize and help rehabilitate the site, the system eliminates the need for a tailings pond at the Goldex site itself. Gilt Edge – In 2018, a former gold mine in South Dakota was acquired in an exploration-environmental partnership with the EPA. Agnico Eagle Mines Limited Entity with Fitch Analyst Adjusted Financials as featured on Fitch Ratings. Growing operating and free cash flows. [9], LaRonde/Bousquet/Ellison – 42,050 meters of drilling, which includes a follow-up exploration program for Ellison. As of 2017, it has paid a cash dividend every year since 1983. Pending the results of a planned mining study in 2011, a reserve conversion program will also be considered. Agnico-Eagle Mines Limited is a Toronto-based Canadian gold producer, with its shares trading on the Toronto Stock Exchange and the New York Stock Exchange. Agnico Eagle Announces Investment In Maple Gold Mines Ltd. By PR Newswire. Agnico-Eagle was created in 1972 by Canadian businessman Paul Penna when he merged Agnico Mines Limited and Eagle Gold Mines Limited. In December 2016 Agnico invested CA$4.5 million into Canadian junior mining company Cartier Resources to conduct exploration on the Chimo, Benoist, Wilson, Fenton and Cadillac Extension projects in Quebec. Major programs are planned at the following locations: Meliadine – 90,000 meters of diamond drilling, an underground bulk sample, new permanent accommodations at the exploration camp, permitting infrastructure upgrades. The open-pit and underground mining operation is in the mountainous Sierra Madre gold and silver belt of northern Mexico.[8]. Build a growing, high-quality, low risk, sustainable business. Agnico Eagle’s mission is to build a high-quality, manageable business that generates superior long-term returns per share by: Increasing gold production in lower risk jurisdictions. Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales. Find out more about our management team, including their background and experience. Its nine mines are located in Canada, Finland and Mexico, with exploration and development activities in each of these regions as well as in the United States. Agnico Eagle Mines Limited is proud to have supported the construction of Rankin Inlet’s Regional Fire Training Centre with a donation of $250,000. During this period, Agnico Eagle also acquired the property and assets of Dumagami Mines Limited in north-western Quebec, which had recently gone into production a year earlier in 1988. 2004: Canadian gold-mining company Agnico-Eagle Mines Limited takes an interest in the Suurikuusikko deposit, purchasing 14% of Riddarhyttan’s shares. [3], As a result of these purchases, the following years would see Agnico Eagle grow from a single-operation gold producer (LaRonde) to a much larger company consisting of 6 mines in total, with Goldex going into production in 2008, Kittila, Lapa and Pinos Altos in 2009, and Meadowbank in 2010. [8], In the Lapland region of Northern Finland, Agnico Eagle's Kittila operation has a life expectancy of 23 years (2009 – 2032). 2005: Agnico-Eagle acquires the remainder of Riddarhyttan’s share capital. Raymond James analyst F. Hamed now expects that the company will earn $0.98 per share for … Agnico-Eagle Mines → Agnico Eagle Mines Limited – The company has re-branded themselves and their corporate name no longer includes the hyphen between the “Agnico” and “Eagle”. The company beat … Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales. Agnico Eagle Mines Limited (Agnico Eagle) is an international gold producer with operating mines in Canada, Finland and Mexico and exploration and development activities in each of these countries as well as in the United States and Sweden. The Dumagami mine would eventually be renamed the LaRonde mine, which is now considered the flagship mining operation for Agnico Eagle, and one of the largest gold deposits in Canada. [9], Pinos Altos – 33,800 meters of drilling including minesite (reserve conversion) and regional (resource expansion) drilling, and an underground exploration program and scoping study for the Cubiro zone. [6][7] LaRonde's Penna shaft (aka shaft #3) is believed to be the deepest single lift shaft in the Western Hemisphere, descending more than three kilometres below the surface, and is estimated to have the longest potential mine of Agnico Eagle's six operating mines, estimated to be approximately 35 years once completed, from 1988 to 2023. In 2010, Agnico Eagle completed the purchase of the Meliadine property, located southeast of Meadowbank near Rankin Inlet, Nunavut. [3] Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. [5], The LaRonde mine, formerly Dumagami Mine, is the deepest gold mine in North America; mines gold, zinc, copper and silver ores; and is located alongside Trans-Canada Highway, between Cadillac, Quebec (now amalgamated into Rouyn-Noranda) and Val-d'Or, in the Abitibi-Temiscamingue region of northwestern Quebec, Canada, with approximately 8400 employees. 1931-1986). Meadowbank is also Agnico Eagle's largest producer, estimated to produce 430,000 ounces of gold in 2014.[8]. Published: Feb. 2, 2021 at 8:54 a.m. Some of the most talented leaders in the gold mining business work at Agnico Eagle. La India is an open pit mine is located approximately 200 km east of Hermosillo in Sonora, Mexico. [9], Goldex – 58,200 meters of diamond drilling will principally target resource expansion for the D zone. We strive to earn and retain the trust of our shareholders through a steadfast commitment to sound and effective corporate governance. As of 2017, it has paid a cash dividend every year since 1983. The Company and its shareholders have full exposure to gold prices due to its long-standing policy of no forward gold Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico and exploration and development activities extending to the United States. Goldex is unique because of its partnership with the Quebec government in the restoration of the nearby abandoned Manitou mine tailings site. 2006: A feasibility study is presented to the Agnico-Eagle Board of Directors, who in June decides that a mine will be constructed. Get the latest Agnico Eagle Mines Limited AEM detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Readers hoping to buy Agnico Eagle Mines Limited (NYSE:AEM) for its dividend will need to make their move shortly, as the stock is about to trade ex … The mine was renamed to the LaRonde Mine by company founder Paul Penna, to honour its first project manager, mining engineer Donald J. Agnico Eagle Mines Limited (NYSE:AEM) defied analyst predictions to release its quarterly results, which were ahead of market expectations. The company’s stock price has collected 5.14% of gains in the last five trading sessions. [3], In 2016, Agnico Eagle was ranked as the 14th best of 92 oil, gas, and mining companies on indigenous rights in Arctic resource extraction. [9], Meadowbank – 32,000 meters of conversion and exploration drilling targeting extensions of the Vault deposit and underground potential beneath Goose South.[9]. Create value for our shareholders while operating in a safe, and socially and environmentally responsible manner, as we contribute to the prosperity of our employees, their families and the communities in which we operate. We are proud of our reputation as a leader in safety and sustainability, as well as the prosperity we bring to our employees, their families and the communities in which we operate. With LaRonde producing steadily, Agnico Eagle acquired more assets over the following years. "Don" LaRonde (c. This was followed by the purchase of the Lapa gold deposit in 2000, Riddarhyttan Resources AB (the 100% owner of the Suurikuusikko gold deposit in northern Finland, which would become the Kittilä mine) in 2005, the Pinos Altos project in Mexico in 2006, and the purchase of Cumberland Resources in 2007, giving Agnico Eagle 100% control of the Meadowbank gold project in Nunavut, Canada. Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) - Equities research analysts at Raymond James dropped their Q1 2021 EPS estimates for Agnico Eagle Mines in a report issued on Tuesday, March 9th. Agnico Eagle's mission is to build a high quality, easy to understand business – one that generates superior long-term returns for our shareholders, creates a great place to work for our employees, and contributes positively to the communities in which we operate. Providing meaningful dividends. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits. The newly formed company became Agnico Eagle Mines Limited. Meadowbank is one of Agnico Eagle's most recent mine to begin operation, and has about 650 employees. Press Release reported on 03/25/21 that Agnico Eagle … Minimizing share dilution. Designed By Craib Design & Communications. Through an innovative approach, the tailings from the Goldex mine are sent through a 25 km long pipeline to the Manitou site where they neutralize the acidic waters in the area, the result of years of poorly confined tailings generated between 1942 and 1979 by the mining companies operating the Manitou project at the time. Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Sean Boyd - Vice Chairman and Chief Executive Officer. Credit Ratings, Research and Analysis for the global capital markets. Agnico Eagle Mines Limited (NYSE:AEM) Q4 2020 Earnings Conference Call February 12, 2021 9:00 AM ET. [9], Kittilä – 56,200 meters of exploration and conversion drilling, and construction of an exploration ramp to accelerate the definition of resources and facilitate additional exploration at depth. Agnico Eagle Mines Limited (NYSE:AEM) went up by 1.18% from its latest closing price compared to the recent 1-year high of $89.23. 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