What The Agnico Eagle IR Person Told Me Yesterday.
posted on
Jun 29, 2016 08:02AM
I was told, that unlike Agnico Eagle (AEM), there are mining companies looking to acquire that are now "chasing after" good exploration projects. While there has been little to no exploration done in the last five years, AEM, unlike other miners, has kept drilling at a number of its projects.... I was also told AEM has more than $100m budgeted for exploration.....In any event, it was nice to hear that there may well be a chase by other miners to acquire reserves. This could explain why there may be a dozen or so groups now seriously looking at Tyhee. And, why I've heard nothing about any of them abandoning their due diligence.