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Agnico Eagle Is Reviewing Cobalt Assets After Receiving Interest

  • Company ‘dusting off’ assets as battery makers seek supply
  • Gold producer isn’t considering merging with any rivals
A contractor works on a machine at the underground Agnico Eagle Mines Ltd. LaRonde mine in Malartic, Quebec, Canada. 

A contractor works on a machine at the underground Agnico Eagle Mines Ltd. LaRonde mine in Malartic, Quebec, Canada. 

Photographer: Valerian Mazataud/Bloomberg

Updated on

Agnico Eagle Mines Ltd. is dusting off cobalt assets in Ontario for potential sale as a global search for the rechargeable-battery ingredient expands amid surging demand.

The gold producer is doing an analysis of its Canadian cobalt holdings after receiving five or six inquiries, Chief Executive Officer Sean Boyd said Monday in a Bloomberg TV interview at the annual BMO mining conference in Florida.