Miner Agnico-Eagle to buy Mexico-focused explorer Cayden

Mon Sep 8, 2014 5:15pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Sept 8 (Reuters) - Canadian gold miner Agnico-Eagle Mines Ltd has agreed to buy Cayden Resources Inc, a gold exploration company with projects in Mexico, for C$205 million ($186.84 million) in shares and cash, the two companies said on Monday.

Directors and officers of Cayden, who own around 19.8 percent of its shares, support the transaction, the two miners said in a statement. (1 US dollar = 1.0972 Canadian dollar) (Reporting by Nicole Mordant in Vancouver; Editing by David Gregorio)