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Abitibi Greenstone Belt

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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Riding a 44% gain in its share price, Agnico’s first new CEO in 25 years is bullish on 2023 – by Gabriel Friedman (Financial Post – January 4, 2023)

https://financialpost.com/

‘I think 2023 really is going to be about optimizing the assets we have,’ says Ammar Al-Joundi

For the first time in almost 25 years, Toronto-based Agnico Eagle Mines Ltd. — the largest gold miner inside Canada — will begin the year with a chief executive who isn’t named Sean Boyd.

Instead, Ammar Al-Joundi is the CEO while Boyd has moved into the role of executive chairman. Asked what lies ahead for Agnico and whether any big changes are planned, Al-Joundi relies on what could politely be characterized as boardroom jargon.

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Canada’s largest gold mine, an open pit in northern Ont., looks to expand underground – by Sergio Arangio (CTV News Northern Ontario – December 8, 2022)

https://northernontario.ctvnews.ca/

In one of the company’s first public addresses since merging with Kirkland Lake Gold in February and becoming the third-largest gold miner in the world (ranked by Canadian Mining Journal for the first half of 2022), Andre Leite, Agnico Eagle’s Ontario vice-president, said he sees more growth potential in northeastern Ontario.

That’s what he told local stakeholders at the Timmins chamber’s State of Mining conference Wednesday afternoon, saying there’s potential to dramatically boost output at Canada’s largest gold mine: the Detour Lake open pit.

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Peter Marrone has few regrets as he prepares to exit Yamana Gold after a nearly 20-year run – by Niall McGee (Globe and Mail – November 17, 2022)

https://www.theglobeandmail.com/

Peter Marrone has few regrets as he prepares to walk away from the big Canadian gold mining company he founded and is now poised to sell to a pair of Canadian precious metals companies.

Last week, Toronto-based Yamana YRI-T agreed to sell itself to Agnico Eagle Mines Ltd. and Pan American Silver Corp. for US$4.8-billion. That offer topped an earlier and deeply unpopular bid by South African miner Gold Fields Ltd., which was originally worth US$6.7-billion.

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