Market Report -- In Play (AEM)
November 30, 2009 5:33 PM ET
Agnico-Eagle provides exploration update; Significant new intersections at Kittila; Postive developments for Sinter and Cubiro zones at Pinos Altos Co provide an update on its exploration program since its last exploration results news release on September 08, 2009. The co's exploration programs in 2009 continue to increase the known size of the mineralized envelopes of several deposits, over and above the amount mined during the year. This $54 mln exploration program was expected to result in ~221 kilometres of drilling using more than 35 rigs. However, due to exploration success, the budget was increased approximately 10% and approximately 265 kilometres of exploration drilling has been completed through October 2009.
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