Agnico Eagle to Build $1.7 Billion Gold Mine in Canada’s Arctic
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0.323 · RIGHT
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0.162 · CENTER
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Article Excerpt
Agnico Eagle Mines Limited has announced plans to build a new gold mine called K Tâm in Nunavut, Canada's easternmost territory and its newest, with a projected total investment of $1.7 billion.
K Tâm is located on the southern shore of Metaleras Sound, approximately 240 kilometres southwest of Cambridge Bay (population: 1,386), at the northern edge of the Northwest Territories border.
Agnico Eagle's president and chief executive officer Sean Roosen said in a statement that K Tâm will be "a cornerstone asset for Agnico Eagle," adding that it is expected to generate approximately $500 million…
Read full article at Financial Post ↗
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May 19, 2026
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