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Abitibi Greenstone Belt

Detour Lake mine still shines as one of Agnico Eagle’s stars – by Ian Ross (Northern Ontario Business – February 24, 2025)

https://www.northernontariobusiness.com/

Underground mine construction activity planned for 2025, pending arrival of government permit

Agnico Eagle wants to grow its northeastern Ontario assets by more than 50 per cent as early as 2030. The leading Toronto gold company has a slew of development projects underway in Ontario, western Quebec and Nunavut, including the Detour Lake mine, northeast of Cochrane, where plans are afoot to drive production there to one million ounces a year.

Both the Detour expansion and the Upper Beaver mine project in the Larder Lake area are looked upon as two of Agnico’s catalysts for growth.

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Agnico Eagle wants to buy its gold exploration neighbour in western Quebec – by Staff (Northern Ontario Business – December 13, 2024)

https://www.northernontariobusiness.com/

Agnico eyes O3 Mining’s Marbon deposit with $204-million cash offer

Agnico Eagle is looking to expand its mining footprint in the Abitibi region. The Kirkland Lake and Detour Lake gold miner is making a takeover bid for O3 mining, a neighbouring gold company on the Quebec side of the prolific Abitibi mineral belt.

Agnico announced Dec. 12 that it has entered into a definitive support agreement to acquire all of the outstanding common shares of O3 in an offer valued at $204 million. The proposed deal is built around the acquisition of O3 Mining’s main asset, its Marban Alliance property, located outside Val d’Or, that is next to Agnico Eagle’s Canadian Malartic mine complex.

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Sudbury companies can tap into Ontario’s gold rush, chamber told – by Hugh Kruzel (Sudbury Star – November 15, 2024)

https://www.thesudburystar.com/

Agnico Eagle Mines Limited outlines its plans to develop gold mines in the province

Agnico Eagle Mines Limited is planning to spend billions developing gold mines in Ontario – a fact that should benefit mining services and supply companies based in Sudbury. That’s one of the messages Andre Leite, Ontario vice president of Agnico Eagle Mines Limited, brought to a Greater Sudbury Chamber of Commerce President’s Series Luncheon on Thursday.

Agnico Eagle’s business is gold production and Sudbury is the home base for Leite. His company is recognized globally for its leading environmental, social and governance practices.

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Agnico Eagle eyes 2030 mine startup for Larder Lake-area deposit – by Ian Ross (Northern Ontario Business – August 7, 2024)

https://www.northernontariobusiness.com/

Gold company spending US$300 million on exploration ramps at Upper Beaver, Detour Lake

Agnico Eagle is spending a combined US$300 million on two exciting gold projects in northeastern Ontario to lengthen its life in the Abitibi gold belt.

Heading into the next decade, the Toronto gold company has plans to build two underground mines by expanding its Detour Lake mine, northeast of Cochrane, and develop its Upper Beaver Project, north of Larder Lake. To Agnico, both Detour and Upper Beaver are considered low-cost, long-life projects with solid returns and blue sky potential.

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TROILIUS GOLD SPONSORSHIP: A Premium 11 Million Ounce (AU/EU IND.) Brownfield Gold Development in Quebec’s Prolific Abitibi Greenstone Belt

For more info on this project: https://troilusgold.com/

Troilus Gold Corp’s (TSX:TLG) is systematically advancing and de-risking the gold and copper Troilus project, one of Canada’s largest undeveloped gold-copper assets, toward a potential mine restart. The company holds a 435km2 land package in one of the world’s richest gold regions within the prolific Frôtet-Evans Greenstone Belt, in Quebec, Canada and in the northeastern portion of the prolific Abitibi Greenstone Belt.

Quebec, Canada is a tier 1 mining jurisdiction having consistently ranked as one of the world’s most attractive mining jurisdictions for exploration and development companies, most recently as the 5th most attractive jurisdiction globally according to the 2023 Fraser Institute’s annual survey of the mining industry).

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Agnico Eagle looks underground at Detour Lake pit – by Ian Ross (Northern Ontario Business – June 20, 2024)

https://www.northernontariobusiness.com/

Agnico Eagle sizes up $1-billion investment to construct underground exploration ramp, expand mill production

Agnico Eagle is on a path to upsize its Detour Lake mine, near the Quebec border, into a one-million-ounce per year gold producer.

The Toronto gold company has posted a preliminary economic assessment and a new mine plan that involves digging beneath its current open-pit operation to tap into a “high-grade core of mineralization” and follow a gold system that tracks west on its property.

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Sean Boyd built Canada’s largest miner. Now he’s fighting for the nation’s Arctic sovereignty – by Gabriel Friedman (Financial Post – June 20, 2024)

https://financialpost.com/

The longtime leader of Agnico Eagle is newly focused on his vision of how industry and government can partner to develop the North

Sean Boyd has spent the past four decades building Toronto-based Agnico Eagle Mines Ltd. into Canada’s largest mining company and the world’s second-largest gold miner.

Now, having “retired” in December and transitioned to company chair from executive chair, he is making frequent visits to Ottawa to push the federal government to more aggressively assert sovereignty over the Canadian Arctic, where Agnico has built three mines (two are currently producing) and is planning a fourth project.

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McEwen Mining invests $30 million in Timmins-area exploration – by Staff (Northern Ontario Business – June 18, 2024)

https://www.northernontariobusiness.com/

Toronto gold company funds next mine in its stable of gold properties

McEwen Mining has raised $30 million to fund exploration and development of the next mine in the project pipeline at its Fox Complex, east of Timmins.

The Toronto gold company closed financing last week through a flow-through share offering, which will be earmarked for exploration drilling and construction of an underground access ramp from the surface to reach gold at its Stock East and West properties.

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Canada Nickel secures strategic investment from Korea’s Samsung SDI – by Niall McGee (Globe and Mail – January 12, 2024)

https://www.theglobeandmail.com/

Canada Nickel Company Inc. (CNC-X) chief executive Mark Selby sees the potential for a major mining company to buy the firm after it attracted yet another strategic investment from a global power player.

Toronto-based Canada Nickel on Friday announced an US$18.8-million equity financing from Korean electric car battery maker Samsung SDI Co., Ltd. The funds will be used to develop an Ontario electric vehicle battery minerals mine that Canada Nickel hopes to have in production before the end of the decade.

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JV Article: Archer’s Grasset nickel deposit is getting its ‘day in the sun’ – by Northern Miner Staff (Canadian Mining Journal – August 28, 2023)

https://www.canadianminingjournal.com/

A multi-million-tonne nickel sulphide deposit discovered more than 10 years ago in the northern Abitibi region of Quebec is receiving fresh scrutiny

A multi-million-tonne nickel sulphide deposit discovered more than 10 years ago in the northern Abitibi region of Quebec is receiving fresh scrutiny from Archer Exploration (CSE: RCHR; US-OTC: RCHRF), the latest addition to Canada’s emerging league of battery material-focused junior exploration companies.

Grasset is one of the largest nickel sulphide deposits in Canada’s Abitibi region and the only North American nickel sulphide deposit with more than 50,000 contained tonnes of nickel and an average nickel-equivalent grade of over 1.5% that isn’t controlled by a major mining company.

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Agnico Eagle touts exploration success at Detour and Kirkland Lake – by Ian Ross (Northern Ontario Business – July 28, 2023)

https://www.northernontariobusiness.com/

Toronto company sets record gold production in second quarter results

The Abitibi Gold Belt of northeastern Ontario and western Quebec continue to be the happy, high grade hunting grounds for Agnico Eagle. The seemingly never-ending gold potential of the Toronto miner’s Detour and Kirkland Lake operations were among the highlighted items in the company’s second quarter results released this week.

Agnico Eagle reported an adjusted profit of $322.4 million this week, up 11 per cent from a year earlier, on the back of record gold production of 873,204 ounces from its mines in Ontario, Quebec, Nunavut Territory, Mexico and Finland. Its all-in-sustaining cost is US$1.150 per ounce.

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Gold Fields deal gives Osisko option to fast-track high-grade gold at Windfall – by Colin McClelland (Northern Miner – May 8, 2023)

https://www.northernminer.com/

The Windfall gold project in Quebec, boosted last week by a $600-million investment by Gold Fields (NYSE: GFI; JSE: GFI), may tweak plans to increase first-year production by a third, founding partner Osisko Mining (TSX: OSK) says.

The equal partnership would extend the undergound project’s ramp currently planned to run 630 metres deep to 800 metres instead, accessing ore grading about 9.1 grams gold per tonne rather than 8.1 grams, which could lift annual output to 400,000 oz. in contrast to 306,000 oz. in last year’s feasibility study, chairman and CEO John Burzynski said in a phone interview.

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Gold Fields inks joint development agreement with Canadian miner Osisko – by Marleny Arnoldi (MiningWeekly – May 2, 2023)

https://www.miningweekly.com/

Diversified gold producer Gold Fields has partnered with TSX-listed Osisko Mining to develop and mine the Windfall project, in Québec, Canada. The agreement between the companies, with the joint venture (JV) to be called the Windfall Mining Group, involves Gold Fields acquiring a 50% interest in Windfall through a wholly-owned Canadian subsidiary.

Gold Fields has paid a $220-million, or C$300-million, cash consideration on signing, and will pay another $220-million on the issuance of key permits by the Canadian authorities for the project to be built and operated.

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Timmins’ newest gold mine started operations Easter Monday – by Nicole Stoffman (Timmins Daily Press – April 18, 2023)

https://www.timminspress.com/

Gowest seeking local diamond drillers for exploration planned for later this spring

Gowest Gold’s Bradshaw Mine, 42 kilometres north of Timmins, began operations on April 10. The company’s president Dan Gagnon shared the news at a luncheon hosted by the Timmins Chamber at the Porcupine Dante Club on Tuesday.

“We are the new mine in Timmins,” said Gagnon, adding that the mine will produce 200 tonnes of gold ore a day (from which gold is extracted) this year at 5.6 grams of gold per tonne of ore, and ramp up to 1,300 tonnes a day by its third year.

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Agnico Eagle raising the gold production bar in the Abitibi – by Ian Ross (Northern Ontario Business – February 21, 2023)

https://www.northernontariobusiness.com/

Mine expansion at Detour Lake and Kirkland Lake figure prominently in gold production plans

There are more ounces to be pulled from the Abitibi gold belt, says Agnico Eagle. The Toronto gold company maintains it can produce more than two million ounces out of this region of northeastern Ontario and western Quebec by 2025, an area where Agnico got its start in the late 1950s. Agnico has five mines within this 32,000-square-kilometre area.

In a Feb. 17 conference call with analysts, Agnico management said it believes 2023 is an exciting year to advance a pipeline of projects and start to expand production at its existing operations while keeping production and total costs down to a low of $800 an ounce.

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