14:04:07 EST Mon 08 Dec 2025
Enter Symbol
or Name
USA
CA



Agnico Eagle Mines Ltd
Symbol AEM
Shares Issued 501,633,587
Close 2025-12-05 C$ 233.57
Market Cap C$ 117,166,556,916
Recent Sedar Documents

Globe says Agnico Eagle, Nukik plan hydro-fibre link

2025-12-08 08:36 ET - In the News

The Globe and Mail reports in its Monday, Dec. 8, edition that Agnico Eagle Mines is partnering with Inuit leaders to create a $3.2-billion electricity and broadband link from Manitoba to Nunavut, aiming for a clean power source for its gold-mining operations. The Globe's Jeffrey Jones writes that Agnico and Nukik Corp. have signed a memorandum of understanding to collaborate on the technical aspects of the proposed Kivalliq Hydro-Fibre Link and formalize commercial discussions. The KHFL would extend 1,200 kilometres to central Nunavut from Northern Manitoba, comprising high-voltage power lines with capacity for 150 megawatts and fibre-optic cables to bolster telecommunications. Proposed by Inuit-owned Nukik, it is designed to serve Arviat, Whale Cove, Rankin Inlet, Chesterfield Inlet and Baker Lake, which are reliant on diesel-fuel power generators. Agnico Eagle's Meliadine gold mine is located 25 kilometres north of Rankin Inlet in the Kivalliq region. The underground and open-pit operation opened in 2019. The companies had been working together informally to advance the project. Now the memorandum of understanding makes it official as the backers prepare to seek consideration by Ottawa's Major Projects Office.

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