The mining newspaper for Alaska and Canada's North

Homestake attracts well-funded partner

Investment opens new vistas for longtime explorer in northwestern British Columbia, while Hecla Mining eyes neighboring project

In today's difficult financing climate, Homestake Resources Corp. is living the dream of most junior mining companies. Agnico-Eagle Mines Ltd., an aggressive intermediate gold producer, has signed on to pay the bills at the Homestake Ridge project located in northwestern British Columbia in a deal where the gold producer could spending up to C$25.3 million and earn up to a 70 percent interest in t...

 

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