December 16, 2022Never mind the bounce in metal prices, resource sector faces headwinds - Maple Gold Mines' Hornor
After Agnico Eagle Mines and Pan American Silver announced that they would acquire Yamana Gold in November, the Quebec miner is not expected to slow its pace.
On Friday Maple Gold Mines' Matthew Hornor made the remarks while recording Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris.
Maple Gold Mines (TSX.V: MGM) is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines to jointly advance the district-scale Douay and Joutel gold projects located in the Abitibi Greenstone Gold Belt of Quebec, Canada.
With the $4.8 billion Yamana deal set to go through, Agnico Eagle Mines (AEM) is set to control all of Quebec-situated Canadian Malartic, Canada's largest gold mine. Hornor said Agnico is not going to slow.
"They need to have projects in every stage of the pipeline, and we represent for them what could ultimately be a very large, important camp," said Hornor.