Company is aiming to replace exclusively copper concentrate deals with others that include concentrate and value-added intermediate products such as blister and anode.

The company received a clearance from Australia's Foreign Investment Review Board to proceed with the deal.

The company said last month a "fall of ground" incident occurred in one of the shafts at its Lucky Friday mine.

Trafigura Group is struggling with its metal business following a string of missteps.

In addition to celebrating the #4 Shaft project, Agnico announced a 10-year commitment to the Canadian Cancer Society.

In April, Lundin agreed to pay $950 million for 51% of the Caserones mine in Chile.

The STOXX Europe 600 mining index has fallen 15% this year, making it the worst performing sector in the region by some margin.

Stanmore Resources Ltd. is seeking to borrow a total of $1.1 billion for its acquisition of the Daunia coal mine.