Meliadine Will Deliver Solid Production Growth For Agnico-Eagle; Shares Fairly Valued
Agnico-Eagle delivered strong fourth-quarter results. Full-year production of more than 1.6 million gold ounces at all-in sustaining costs, or AISC, of $877 per ounce beat its guidance to 1.6 million guidance and AISC of $890-940 per ounce. Updated 2019 guidance points to production growth to 1.75 million ounces and AISC of $875-925 per ounce. We think these targets are achievable and have updated our forecasts accordingly.Agnico-Eagle continued to make progress on its development projects, wit...
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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