03 January 2024
03 January 2024
In the offering, Agnico Eagle acquired 19.6 million units at C$1.18 ($0.89) apiece.
This final step was achieved through a $1.6m (C$2.14m) cash payment and the issuance of $1m in shares to Canagold Resources.
A study by India's fair trade regulator highlighted concerns around varied iron ore pricing and exports.
The wet commissioning process will use up the existing ore stockpile of 19,000 tonnes (t).
Teck Resources will have the option to acquire an 80% interest in the La Coipita project by investing $20m in exploration over five years.
With this deal, Liatam has increased its stake in the company from 3% to 6%.
The financing was secured through the sale of two million common shares at C$0.50 per share.
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