Teck and Agnico Eagle to form a joint venture in a $580m deal.

Teck Resources, a diversified natural resources company headquartered in Vancouver, and Agnico Eagle Mines, a Canadian-based gold producer with operations in Canada, Finland and Mexico, agreed to form a joint venture in a $580m deal. "San Nicolás is a high-quality project, located in a leading mining jurisdiction, with high grades, extremely competitive capital intensity, and first quartile costs. The opportunity to add the operating and development experience of Agnico Eagle should generate substantial benefits for the project including for all stakeholders throughout the project life cycle," Don Lindsay, Teck President and CEO.