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Agnico Eagle raises Foran stake to 13.5%

Part of C$350 million private placement

Isabeau van Halm
The McIlvenna Bay project in Saskatchewan, Canada

The McIlvenna Bay project in Saskatchewan, Canada | Credits: Foran Mining

Agnico Eagle Mines raised its stake in Foran Mining from 9.9% to 13.5%, purchasing 30M shares of Foran at a price of C$3/share for a total of C$90 million. The deal is expected to close in two tranches,...

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