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Agnico brings in new investor

Agnico Eagle Mines (US:AEM) has got the gold market tongues wagging after agreeing to sell US$220 million worth of stock to an unnamed institutional investor.

Agnico brings in new investor Agnico brings in new investor Agnico brings in new investor Agnico brings in new investor Agnico brings in new investor

Agnico has big plans for its production hub in Nunavut, Canada

The gold miner said it would sell just over five million shares to the US investor at a price of $43.97 per share, slightly ahead of its closing price in New York last week.