Agnico-Eagle bids C$710 million for Cumberland

Agnico-Eagle Mines (AEM-T, AEM-N) plans to take on Canadas North with its proposed takeover of Cumberland Resources (CLG-T, CLG-A).Cumberlands 100%-owned Meadowbank open-pit gold project near Baker Lake, Nunavut, will produce about 400,000 oz. over its first four years and would...

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