UPDATE: Miranda Gold, Agnico-Eagle Enter into Exploration Alliance in Colombia; Miranda Jumps 10%, Agnico Up 2%

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Miranda Gold Corp. (MAD.V) has formed a strategic alliance with Agnico-Eagle Mines Limited (AEM.TO) for precious metal exploration in central Colombia.

Under the terms of the LOI, Agnico and Miranda share 70:30, respectively, in generative exploration expenditures with exploration activities conducted by Miranda.

The exploration program budget will be an aggregate amount of no less than US$1 million per year.

MAD is now higher by 10% at $0.275 with volumes of about 10,000. AEM is also in the green at $39.14 with volumes of over 291,000.

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This article appears in: Investing , Commodities

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