Agnico-Eagle Mines (TSE) and Hecla Mining of Coeur d’Alene, Idaho, announced that, subject to approval of their boards of directors, the companies will form a joint association for exploration of precious metals within identified areas of North America. The concept will exclude areas within which the companies currently operate. A new company is contemplated for the project, to be financed initially by Hecla and Agnico-Eagle with consideration to be given to direct participation being offered to the shareholders of both companies.
Be the first to comment on "Agnico-Hecla"