PROJECT FINANCE

Canada's Agnico hikes investment in Val-d'Or junior

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

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. ...

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