Agnico-Eagle Mines Ltd.
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|Eröffnet am:||22.08.04 17:57||von: FlorianPasca.||Anzahl Beiträge:||2|
|Neuester Beitrag:||16.03.05 17:21||von: FlorianPasca.||Leser gesamt:||3.056|
FlorianPascale : Agnico-Eagle Mines Ltd.
FlorianPascale : Mexico's Penoles Grants Gold Mine Option To Agnico
MEXICO CITY (Dow Jones)--Mexican mining company Industrias Penoles SA (PE& OLES.MX) said Tuesday it has granted Canada's Agnico-Eagle Mines Ltd (AEM) an option to acquire a gold project in Mexico's northern state of Chihuahua.In a press release, Penoles, the world's biggest silver producer, said Agnico- Eagle will invest $2.8 million to confirm reserves and evaluate the Pinos Altos project.At the end of a seven-month evaluation, the Canadian concern will have the option to buy the project for $65 million.
"Although the Pinos Altos deposit is of high quality, the identified volumes did not reach Penoles' investment criteria in terms of size of operation," Penoles said.
Penoles had sales of 16.6 billion pesos ($1=MXN11.2337) last year. The company produced 80.5 million ounces of silver, and 756,084 ounces of gold.