Agnico-Eagle poised to triple production
Agnico-Eagle Mines (AGE-T) is proceeding with plans to boost daily production at its Laronde gold mine in Quebec to 5,000 tons.In the mid-1990s, the company discovered extensive gold-silver-copper-zin…
LaRonde Mine
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Listless gold eclipsed by rebounding base metals
Gold prices continued to languish below the US$260 mark during the June 16-22 report period, slipping 20 cents over the week to US$258.70 per oz. on the London morning fix of June 23.Gold’s woes dragg…
PRECIOUS METALS — Laronde development on fast track
Having endured yet another quarterly loss, mid-tier gold producer Agnico-Eagle Mines (AGE-T) is forging ahead with expansion plans at its Laronde mine in northwestern Quebec.For the 3-month period end…
EXPLORATION 1999 — Agnico-Eagle comes of age at LaRonde
Having kept Agnico-Eagle Mines (AGE-T) alive through some tough times in the past, retail investors still make up about 65% of the company’s shareholder base. But the mid-tier gold producer is now att…
Agnico starts up Laronde’s zinc circuit
With the attainment of commercial production from a new zinc circuit during the third quarter, Agnico-Eagle Mines (AGE-T) has reached another milestone in its expansion program at the Laronde gold min…
Agnico-Eagle adds tonnage to LaRonde
While Agnico-Eagle Mines (AGE-T) struggles to return to profitability, there has been nothing but good news from the exploration and development programs under way at the company’s flagship LaRonde go…
Agnico-Eagle keeps Laronde expansion on track
Agnico-Eagle Mines (AGE-T) is continuing to push ahead with its expansion of the Laronde division, a development that will slash costs and boost gold production once the project hits its stride in the…
Lacklustre gold prices take shine off Agnico-Eagle
For 1997, Agnico-Eagle Mines (AGE-T) reported a loss of $121.6 million (or $2.83 per share), attributing the red ink to low gold prices. By comparison, the previous year saw the company earn $300,000 …
Agnico-Eagle reports second-quarter loss
Lower gold prices and production, as well as reduced interest income, led to a loss for Agnico-Eagle Mines (age-t) in the second quarter.The company recorded a net loss of $1.2 million (or 3 cents per…
STOCK MARKETS — Golds lead TSE as base metals rise
A rally by the golds enabled the Toronto Stock Exchange to improve over the period ended May 7. Nonetheless, the TSE 300 composite finished at another record high of 5,167.07 after having dipped sligh…
Agnico-Eagle bullish on LaRonde results
The latest drill results from the LaRonde gold-silver-copper mine of Agnico-Eagle Mines (TSE) should soon enable the company to boost its resource estimate, says President Paul Penna.Drilling at the m…
New mineralization found at LaRonde mine
Drilling has expanded the size of the mineralized zone at the LaRonde mine, 55 km west of Val d’Or, Que., and owner Agnico-Eagle Mines (TSE) is optimistic about increasing the reserves.Drill holes adv…