Agnico Eagle Mines Ltd. is weighing what to do with its only Australian gold mine after landing two big takeovers within two years that turned the Canadian company into the world’s third-largest gold producer.
“We like Australia, we have no intention to sell Australia, but it would be disingenuous for me to say that we’ve got this big competitive advantage in Australia when we’ve got one mine,” Al-Joundi said Friday in an interview atThe CEO’s road ahead comes as mining companies worldwide pursue deals to boost output and improve efficiencies to counter rising costs and the challenges of harder-to-mine deposits.
Agnico Eagle has 11 operating mines in four countries: Canada, Mexico, Australia and Finland. Its biggest producers are its Canadian assets, with seven facilities accounting for 77% of overall annual output last year. Australia’s Fosterville mine, 130 kilometers north of Melbourne, accounted for about 11% of production and is the fifth-biggest producing asset.
Can we sort out the Dominican Republic nonsense first? agnicoeagle GQCMining nationalpost DO NOT INVEST HERE!! La inversión extranjera y el proyecto minero en San Juan. Foreign investment and the mining project in San Juan. melaniejoly CanadaTrade