Agnico Eagle (TSE:AEM) has released an update.
Agnico Eagle Mines Limited has announced an updated life of mine plan for its Detour Lake mine, indicating a projected increase to an average annual gold production of one million ounces over a 14-year period starting in 2030. The plan involves the development of an underground mining project alongside the existing open pit, aiming to position Detour Lake as one of the world’s top five gold mines by output. To achieve this, the company is investing $100 million over the next three years to study and de-risk the project, which includes an exploration ramp and bulk sample collection.
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