Canadian gold miner Agnico Eagle Mines (TSX,NYSE:AGM) is grabbing a significant land position in a well-known Yukon gold play that has already yielded two purchases by major gold mining companies.
Agnico Eagle Mines Mining News
Steve Todoruk, a broker at Sprott Global Resource Investments Ltd., has been eyeing the next possible takeover. He believes he’s narrowed down the most likely targets.
Shares climb 40 percent on take-over announcement.
Agnico Eagle Mines Ltd. has asked the federal government to intervene and provide compulsory arbitration in its talks with the Kivalliq Inuit Association on an Inuit impacts and benefits agreement for the proposed Meliadine gold project.
Results beat analyst expectations, showed record production.