Agnico Eagle Plans $10 Billion Investment in Ontario Gold Assets

Agnico Eagle Mines Ltd. said it will invest about C$14 billion ($10.2 billion) in Ontario, which the province says is one of the biggest ever private sector commitments in its mining industry.

The world’s second-largest gold producer plans to invest C$12 billion across existing operations, development projects and exploration activities by 2030, Chief Executive Officer Ammar Al-Joundi said at a press conference Wednesday.