The Globe and Mail reports in its Thursday edition that Agnico Eagle Mines plans to spend $14-billion in Ontario during the next five years, the provincial government and the company jointly announced Wednesday. The Globe's Matthew McClearn writes that Agnico said it will spend $12-billion by the end of 2030 on its operating, development and exploration assets in Ontario. Another $2-billion will be spent on expanding the operational Detour Lake mine and developing Upper Beaver, a historic gold-copper project, both in Northeastern Ontario. Agnico's Genevieve Latour clarified in a statement that none of that $14-billion represented new investment, and all of it was "in line with what we've already disclosed." She said, "The announced planned spending and investments by Agnico Eagle through the end of 2030 primarily reflect expected operating and capital expenditures at its existing mines and exploration assets in Ontario, as well as planned investments in key growth projects currently under development in the province." Ontario Minister of Energy and Mines Stephen Lecce hailed Agnico's spending as "historic" and said it represented one of the largest investments by any Canadian mining company in the province's history.