Agnico Eagle Mines Limited
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Agnico Eagle Mines Limited
Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico and exploration and development activities extending to the United States. Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales. As of 2017, it has paid a cash dividend every year since 1983. History In 1953, five struggling mining companies joined together to become Cobalt Consolidated Mining, which would last until 1957, when the company changed its name to Agnico Mines. "Agnico" is derived from the periodic table of elements using the symbols for silver (Ag), nickel (Ni) and cobalt (Co). In 1963, visionary Paul Penna became the president of Agnico Mines, and he eventually oversaw the merger of Agnico Mines with Eagle Mines Ltd, a successful gold exploration company, enabling the development of Eagle's Joutel mining complex. The newly formed company became Agnico Eagle Mines Limited. In 1974, the Joutel mine went into ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Paul Penna
Paul may refer to: *Paul (given name), a given name (includes a list of people with that name) *Paul (surname), a list of people People Christianity *Paul the Apostle (AD c.5–c.64/65), also known as Saul of Tarsus or Saint Paul, early Christian missionary and writer *Pope Paul (other), multiple Popes of the Roman Catholic Church *Saint Paul (other), multiple other people and locations named "Saint Paul" Roman and Byzantine empire *Lucius Aemilius Paullus Macedonicus (c. 229 BC – 160 BC), Roman general *Julius Paulus Prudentissimus (), Roman jurist *Paulus Catena (died 362), Roman notary *Paulus Alexandrinus (4th century), Hellenistic astrologer *Paul of Aegina or Paulus Aegineta (625–690), Greek surgeon Royals *Paul I of Russia (1754–1801), Tsar of Russia *Paul of Greece (1901–1964), King of Greece Other people *Paul the Deacon or Paulus Diaconus (c. 720 – c. 799), Italian Benedictine monk *Paul (father of Maurice), the father of Maurice, Byzan ...
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Meadowbank Gold Mine
The Meadowbank Gold Mine is an open pit gold mine operated by Agnico-Eagle Mines in the Kivalliq district of Nunavut, Canada approximately 300 km west of Hudson Bay. Meadowbank was Agnico Eagle’s first Low Arctic mine. Discovery Discoveries of gold-containing Archean greenstone in the Baker Lake region were made in the 1980s. Asamera Minerals and Complex set out as partners in the project. The Third Portage deposit was discovered in 1987; this was followed by the discovery of the Goose Island deposit, and the North Portage deposit. Cumberland completed their acquisition of Complex's share in the discovery in 1997 taking sole ownership of the project. Since then three further discoveries have been made including the Vault deposit (October 2000), the PDF deposit (October 2002) and the Cannu zone (September 2005). The entire area has probable gold reserves of 3.5 million ounces (29.3 million tonnes of ore at 3.7 grams per tonne) and is open on strike and at depth. Geology T ...
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