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Never mind the bounce in metal prices, resource sector faces headwinds - Maple Gold Mines' Hornor

Kitco Media
By Michael McCrae
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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.

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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