Agnico Eagle Signs Agreement with Aura Silver Resources
Silver | 2014-06-12 06:00:16
Agnico Eagle Limited, a Canada-based leading silver producer has penned an agreement with Aura Silver Resources Inc. to revive its drilling operations at Aura’s Greyhound Property situated in Nunavut, Canada.
By Paul Ploumis
OTTAWA (Scrap Monster):Agnico Eagle Limited, a Canada-based leading silver producer has penned an agreement with Aura Silver Resources Inc. to revive its drilling operations at Aura’s Greyhound Property situated in Nunavut, Canada.
As per the agreement, Agnico Eagle has owned to have an undivided 51 percent ownership interest in mining area.
The company also bought the right to expand its ownership interest in the mine to 70 percent over a further three year period. It has absolute authority over Greyhound Property.
The Greyhound property is approximately 35 kilometers north of Agnico Eagle’s Meadowbank gold mine.
