reports
Moody's upgrades Agnico-Eagle to Baa1; outlook stable
Moody's Ratings ("Moody's") today upgraded the long-term issuer rating of Agnico Eagle Mines Limited ("Agnico") to Baa1 from Baa2. The outlook has been changed to stable from positive. "The upgrade reflects Agnico's strengthened business profile following its acquisitions of Kirkland Lake Gold, an...
- MarketLine Department
Barrick Gold Corporation - Mergers & Acquisitions (M&A), Partnerships ...
Summary Marketline's Barrick Gold Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Barrick Gold Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances a...
- Sid Rajeev
- Sid Rajeev
Agnico Eagle Mines Ltd: 1 director
A director at Agnico Eagle Mines Ltd bought 10,000 shares at 65.504CAD and the significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
- Alison Turner
Agnico Eagle Mines - Record-breaking production
Agnico Eagle Mines (AEM) reported record quarterly gold production of 873koz in Q223 at a US$840/oz total cash cost and a US$1,150/oz all-in sustaining cost (AISC) that drove strong financial results of adjusted EPS of US$0.65/share and operating cash flow of US$1.46/share. Record-breaking production reflects 100% ownership for the full quarter of Canadian Malartic, which will add c 80–90koz in attributable production per quarter. Additionally, AEM recorded the safest half-year performance in it...
- Ben Pirie
Mining Monthly: June Edition
What you need to know: • The precious metals markets were down slightly in the month of June, however, we view this as a healthy consolidation period following significant price increases since November 2022. • M&A slowed in June primarily due to the new uncertainty regarding interest rates following strong economic data and the BoC raising 25bps. • Safe-haven assets like gold and silver continue to look highly attractive with inflation remaining sticky and rates likely to decline by 2024. Sent...
ABX. FIRST QUANTUM MINERALS LTD.
FM SILVER STANDARD RESOURCES INC.
SSRI MAG SILVER CORP.
MAG. AGNICO EAGLE MINES LIMITED
AEM. ENDURANCE GOLD
EDG. MARATHON GOLD CORP.
MOZ SSR MINING INC
SSRM NEWMONT CORPORATION
NE.M.BA ERO COPPER CORP.
ERO ARTEMIS GOLD
ARTG O3 MINING INC. (OIII)
OIII OSISKO MINING CORP.
OSK OSISKO MINING INC (OSK CN)
ETU E2GOLD INC
PNTZF TRIGON METALS INC.
ABX OMAI GOLD MINES CORP
OMG FIRST QUANTUM MINERALS LTD
FQM ENDURANCE GOLD CORPORATION
ENDG.F ERO COPPER
3EG SKEENA RESOURCES LIMITED
- Alison Turner
Agnico Eagle Mines - A year of optimisation ahead
Agnico Eagle Mines (AEM) started the year with strong quarterly production of 813koz at an US$832/oz total cash cost and a US$1,125/oz all-in sustaining cost (AISC). A number of records were achieved, including in cash flow and safety. This marks the final quarter incorporating 50% of production from Canadian Malartic. From 30 March, this will increase to 100%, following AEM’s acquisition of Yamana’s Canadian assets, which will add c 80–90koz in attributable production per quarter. Guidance for ...
- Sid Rajeev
Moody's changes Agnico Eagle's outlook to positive from stable; affirm...
Moody's Investors Service, ("Moody's") revised the rating outlook for Agnico Eagle Mines Limited ("Agnico") to positive from stable. At the same time, Moody's affirmed the Agnico's long-term issuer rating at Baa2. "The outlook change to positive reflects the strengthening of Agnico's business prof...
- Ben Pirie
Mining Monthly: March Edition
What you need to know: • The precious metals and mining market significantly outperformed broader indices in the month of March with the GDX rising 15% versus the TSX being down slightly • Gold rallied heavily following the collapse of several major banks and the U.S. Fed guiding for a pause on rates in the near term • This month only strengthens our confidence that 2023 will be a standout year for both precious metals and base metals and encourage investors to position themselves accordingly ...
GFI GOLD FIELDS LTD. ADS
FNV. FRANCO-NEVADA CORPORATION
AGI. ALAMOS GOLD INC.
FM FIRST QUANTUM MINERALS LTD.
AEM. AGNICO EAGLE MINES LIMITED
EDG. ENDURANCE GOLD
RIO RIO TINTO LIMITED
RTP.. RIO TINTO PLC
AGI RIO TINTO PLC ADS (MEXICO)
CG CENTERRA GOLD INC.
CMMC COPPER MOUNTAIN MINING CORP.
FNV FRANCO-NEVADA CORP
EQX EQUINOX GOLD
ITR INTEGRA RESOURCES
TUD TUDOR GOLD CORP.
ETU E2GOLD INC
OMG OMAI GOLD MINES CORP
FQM FIRST QUANTUM MINERALS LTD
ENDG.F ENDURANCE GOLD CORPORATION
- Alison Turner
Agnico Eagle Mines - A record-breaking year
FY22 marked a record-breaking year for Agnico Eagle Mines (AEM) after its Kirkland Lake acquisition, achieving annual gold production of 3,281koz at a US$780/oz total cash cost and a US$1,090/oz all-in sustaining cost (AISC). In Q422, AEM delivered strong gold production of 799koz at a US$863/oz cash cost, despite inflationary pressure and reduced production at LaRonde, Kittila and Pinos Altos. AEM’s quarterly dividend was maintained at US$0.40/share and it expects its recently announced acquisi...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Awaiting Powell's Speech Today and CPI Thursday We currently see the market indexes as consolidating within broad horizontal trading ranges, and we expect these ranges to continue for months, and quite possibly for the entirety of 2023. We see the top-end of the range at 4100-4165 on the S&P 500, while the bottom-end is at the 2022 lows (3490). In our view, reducing risk near resistance and adding risk near support will be key to outperforming in 2023 (alongside Sector/stock selection). Shorter...
NEM NEWMONT CORPORATION
PGR PROGRESSIVE CORPORATION
NG. NOVAGOLD RESOURCES INC.
FNV. FRANCO-NEVADA CORPORATION
CB CHUBB LIMITED
AGI. ALAMOS GOLD INC.
ABX. BARRICK GOLD CORPORATION
EGO ELDORADO GOLD CORP.
K. KINROSS GOLD CORPORATION
BRK.B BERKSHIRE HATHAWAY INC. CLASS B
AEM. AGNICO EAGLE MINES LIMITED
IMG. IAMGOLD CORPORATION
KALU KAISER ALUMINUM CORPORATION
K3HD ALUMINUM CORP. OF CHINA LTD.
BVN... COMPANIA DE MINAS BUENAVENTURA SAA SPONSORED ADR
AA ALCOA CORPORATION
NOHA NORSK HYDRO ASA ADS
RTP.. RIO TINTO PLC ADS (MEXICO)
AWCMY ALUMINA LTD ADS
CSTM CONSTELLIUM SE CLASS A
HWM HOWMET AEROSPACE INC.
BTG BERTELSMANN SE & CO. KGAA
- Alison Turner
Agnico Eagle Mines - Moving forward during difficult times
Agnico Eagle Mines (AEM) reported a strong set of Q3 results, delivering gold production of 816,795oz at competitive cash and all-in sustaining costs (AISC) of US$779/oz and US$1,106/oz, respectively, notwithstanding cost pressures, constraints regarding workforce availability and the lingering aftermath of COVID-19. Material mark-to-market losses on foreign exchange and oil hedges of US$134.5m distorted headline earnings. However, excluding these non-cash, exceptional items, adjusted net income...
- Sid Rajeev
- Alison Turner
Agnico Eagle Mines - First view of an emerging champion
On an underlying basis, Agnico Eagle Mines’ (AEM’s) Q122 revenue of US$1,325.7m, EBITDA of US$583.8m, pre-tax profits of US$300.4m and adjusted net EPS of US$0.612/share were either at or above the top end of analysts’ expectations. Production (with Kirkland Lake included from 8 February) was 660,604oz at a total cash cost of US$811/oz (on a by-product basis) and an all-in sustaining cost (AISC) of US$1,079/oz. Including a full quarter’s contribution from Kirkland Lake’s mines, pro forma payable...
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