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Canadian gold miner Agnico Eagle Mines has increased its shareholding in Toronto-listed junior Cartier Resources which is exploring Quebec’s Val-d’Or region and aiming to re-start the Chimo gold mine.
Cartier gets Agnico backing
As part of a non-brokered private placing, Agnico will increase its stake to 19.7% from 13.3% on a partially-diluted basis assuming the exercise of its warrants in a deal worth around C$1.82 million.
Government incentives, mining culture and exploration potential combine for exciting results.
Eldorado takes position in Probe Metals
Shopping time for gold majors?
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