Agnico Eagle Mines Ltd. said it will invest about C$14 billion ($10.2 billion) in Ontario, which the province says is one of the biggest ever private sector commitments in its mining industry.

Equinox Gold Corp. agreed to acquire Canada’s Orla Mining Ltd. for about $5.1 billion, the latest in a wave of gold-mining deals as producers seek to boost output and reserves after a massive price rally in bullion over the past year.