Agnico Eagle’s Investment Cycle Progresses as Expected in 2Q; Shares Look Fairly Valued
Current production of 404,961 ounces at all-in sustaining costs, or AISC, of $921 per ounce is underwhelming compared with Agnico-Eagle’s long history of strong operational performance. However, this is largely because the company is in the middle of an investment cycle as some of its mines reach the end of their lives. For the current year, the company raised production guidance slightly to 1.58 million ounces and maintained its AISC guidance of $890 to $940 per ounce. Based on year-to-date per...Agnico-Eagle Mines is a gold mining company with mining operations in Canada, Mexico and Finland. Co. earns a proportion of its revenues from the production and sale of gold in both dore bar and concentrate form. The remainder of revenue and cash flow is generated by the production and sale of byproduct metals. The revenue from byproduct metals is mainly generated by production at the LaRonde mine in Canada (silver, zinc, copper and lead) and the Pinos Altos mine in Mexico (silver).
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