Agnico Eagle's CEO says Mexican copper investment strategic, not a sign he's losing faith in gold

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Agnico Eagle's CEO says Mexican copper investment was strategic, not a sign he's losing faith in gold

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Agnico, like other gold miners, is seeking to create a hedge by expanding its exposure to copper and other metals. The company recentlyto develop the San Nicolas copper-zinc project in Zacatecas, Mexico. But Al-Joundi said Agnico invested in San Nicolas for entirely different reasons. First, it has strong economics, with a 2021 prefeasibility study indicating that an open pit mine, producing 63,000 tonnes of copper and 147,000 tonnes of zinc per year, would provide a 33 per cent internal rate of return.

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

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Copper is a safe bet given the push for EV's.

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