Agnico Doubles Down on Fury in Nunavut

Описание: Join Kitco Mining to hear from Fury Gold Mines CEO Tim Clark about the recent C$4.3 million investment from Agnico Eagle Mines, which significantly increased Agnico's stake. Clark discusses the rigorous due diligence process and the validation the investment provides. Learn how the funds are primarily dedicated to advancing exploration at Fury's expansive Committee Bay project in Nunavut, a region Agnico sees as having significant future mining potential. Clark details the planned exploration focusing on high-potential shear zones and new surface targets.

Key points:
Agnico Eagle invested C$4.3M in Fury, increasing its stake from 2.3% to 6.3%, with potential for 9.9%.
The investment is a validation of Fury's technical approach and management.
The majority of the funds (C$3.9M) are designated for exploration at the Committee Bay project in Nunavut.
Nunavut is viewed by Agnico as a key future region for mining.
The exploration program in Nunavut will target high-potential shear zones and test new surface discoveries.

00:00 Introduction to Fury Goldmines
00:21 Agnico Eagle Mines Investment
00:40 CEO Tim Clark's Insights
01:02 Fury's Relationship with Agnico
05:13 Exploration and Drilling Plans
08:59 Challenges and Costs of Arctic Exploration
14:57 Quebec Precious Metals Acquisition
16:49 Eau Claire Project Update
19:52 Financial Strategy and Dolly Varden Shares
22:04 Key Catalysts for Fury Goldmines
23:26 Conclusion and Farewell

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#mining #gold #investing

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