Agnico Eagle Gold is a top 3 Gold miner on the world stage now, and, it's still growing!

 

Agnico Eagle Mines Limited: Comprehensive Investment Report

Company Overview:

Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland, Australia, and Mexico, and exploration activities extending to the United States. The company has a longstanding policy of no-forward gold sales, providing full exposure to gold price fluctuations. Notably, Agnico Eagle has maintained a cash dividend every year since 1983.

en.wikipedia.org

Current Operations:

1. LaRonde Complex (Quebec, Canada): This complex includes the LaRonde mine, known for its deep operations, and the LaRonde Zone 5 mine. In the third quarter of 2024, the LaRonde mine produced 47,313 ounces of gold, while the LaRonde Zone 5 mine contributed 18,275 ounces.

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2. Goldex Mine (Quebec, Canada): An underground operation near Val-d'Or, Goldex produced 28,861 ounces of gold in Q3 2024.

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3. Detour Lake Mine (Ontario, Canada): As one of Canada's largest gold operations, Detour Lake produced 188,573 ounces of gold in Q3 2024.

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4. Macassa Mine (Ontario, Canada): Known for its high-grade reserves, Macassa produced 72,274 ounces of gold in Q3 2024.

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5. Meliadine Mine (Nunavut, Canada): This mine in the Kivalliq region produced 97,866 ounces of gold in Q3 2024.

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6. Meadowbank Complex (Nunavut, Canada): Including the Amaruq satellite deposit, the complex produced 85,305 ounces of gold in Q3 2024.

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7. Kittilä Mine (Lapland, Finland): Europe's largest gold mine, Kittilä produced 57,538 ounces of gold in Q3 2024.

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8. Pinos Altos Mine (Chihuahua, Mexico): This operation produced 21,371 ounces of gold in Q3 2024.

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9. La India Mine (Sonora, Mexico): In residual leaching phase, La India produced 4,529 ounces of gold in Q3 2024.

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Financial Performance:

In the third quarter of 2024, Agnico Eagle reported:

• Revenues from Mining Operations: $2.16 billion, a 31% increase from the same period in 2023.

• Net Income: $572.6 million, or $1.14 per share, representing a 165% increase year-over-year.

• EBITDA: $1.26 billion, up from $722 million in Q3 2023.

• Gold Production: 863,445 ounces, compared to 850,429 ounces in Q3 2023.

• Cash Provided by Operating Activities: $1.08 billion, more than double the $502.1 million reported in Q3 2023.

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Cash Position:

As of September 30, 2024, the company held cash and cash equivalents totaling $658.6 million. The decrease from the previous quarter was primarily due to increased payments to suppliers and the timing of capital projects. Agnico Eagle maintains an unsecured revolving bank credit facility with available liquidity of approximately $1.2 billion.

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Gold Reserves:

Agnico Eagle reported record mineral reserves, with a 10.5% increase, anchored by its Canadian operations. The company aims to maintain gold reserves at approximately 10 times its annual production rate.

agnicoeagle.com

agnicoeagle.com

Future Prospects:

The company continues to optimize its existing mines and advance studies on its Abitibi platform, with updates expected in the first half of 2024. Agnico Eagle's stable production profile and industry-leading costs position it well for long-term value creation.

agnicoeagle.com

Political Considerations:

Operating in multiple jurisdictions, Agnico Eagle is subject to various political and regulatory environments. While the company has not reported significant political risks affecting its operations recently, it remains vigilant in monitoring and managing potential geopolitical and regulatory challenges.

Stock Performance:

Agnico Eagle Mines Limited is listed on both the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the ticker symbol "AEM." As of February 11, 2025, Agnico Eagle Mines Ltd. (AEM) is trading at $99.01 USD, with an intraday high of $100.58 USD and a low of $98.51 USD.

Key Metrics

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Open99.50

Day Range98.51 - 100.58

52 Week Range44.37 - 101.45

Volume807.5K

Over the past five years, AEM's stock has experienced significant growth. In 2020, the stock closed at approximately $63.02 USD, and by the end of 2024, it had risen to around $78.21 USD. The upward trend continued into early 2025, with the stock reaching an all-time high closing price of $98.96 USD on February 6, 2025.

macrotrends.net

This performance reflects Agnico Eagle's strategic acquisitions and strong operational results, contributing to its position as the third-largest gold producer globally, and is still expanding. In it's latest acquisition (last week) ...

Agnico Eagle Mines and O3 Mining Inc. announced that Agnico Eagle has taken-up and acquired 110,424,431 common shares of O3 Mining, representing approximately 94.1% of the outstanding common shares of O3 Mining on a basic basis, pursuant to its board-supported take-over bid for all of the outstanding Common Shares for $1.67 in cash per Common Share

investors.com

Conclusion:

Agnico Eagle Mines Limited showcases a strong operational and financial profile, underpinned by strategic assets in stable jurisdictions. Its commitment to maintaining substantial gold reserves, coupled with ongoing optimization efforts, positions the company favorably for future growth.

The company's disciplined financial management, consistent dividend payments, and growing production capacity make it an attractive option for long-term investors. With record-high gold reserves, strong free cash flow, and a favorable gold price environment, Agnico Eagle remains well-positioned to sustain its leadership in the gold mining industry.

In 2023, Agnico Eagle Mines Limited became the third-largest gold producer globally, following its acquisition of Yamana Gold's Canadian assets, including full ownership of the Canadian Malartic mine, the largest open-pit gold mine in Canada. This acquisition, along with the 2022 merger with Kirkland Lake Gold, has significantly boosted Agnico Eagle’s production to approximately 3.44 million ounces of gold annually.

Over the past five years, AEM's stock has experienced significant growth. In 2020, the stock closed at approximately $63.02 USD, and by the end of 2024, it had risen to around $78.21 USD. The upward trend continued into early 2025, with the stock reaching an all-time high closing price of $98.96 USD on February 6, 2025.

macrotrends.net

This performance reflects Agnico Eagle's strategic acquisitions and strong operational results, contributing to its position as the third-largest gold producer globally and growing!

Ed Note:

We own shares and are long AEM stock!

How would an export tax levied by Canada on all it's natural resources entering the USA affect American business and society

Brigus Gold is on a roll into 2015

If you are looking for a growing, junior gold miner, that makes profit, is growing it's margin, and resource base, while reducing overall costs of production, look no further than Brigus Gold.

In Q3 Brigus produced a record 22,000 oz and is on track to exceed 100,000 oz producion per year for the forseeable future.  Resource base has grown to over 2 million oz. In October drilling at the Black Fox Mine site hit a whopper of a result at 18.09 grams per ton over 39.60 metres, including 39.45 g/t over 10.35 metres. This, in an industry where 3g/t is considered mineable. That result occured only 2 weeks after hitting a previous whopper of  40.71 gpt Gold Over 26.75 Both if these occured at Brigus's producing Black Fox Mine.  At the same time they began hitting great results at thier Grey Fox property as well. Although headquartered in Halifax Nova Scotia, Brigus mines are situated in the Timmons Ontario gold district which has been one of the most prolific gold producing regions of the world for decades.  Brigus is an anomaly in the junior gold space. Why? Because it has a working gold mine, it produces gold, is profitable and it is growing.

Brigus Gold Corp  Today - .70c per share

Market Cap	$167.8M	Beta	0.98
Revenue (TTM)	$144.1M	EPS	$0.10
Shares Out.	232.1M	Book Value	$1.05
Dividend Yield	0.00%	P/E	7.4x
Annual Dividend Rate	$0.00	Price/Sales (TTM)	1.2
Ex-Div Date	1/1/01	P/Cash Flow (TTM)	2.7x
Pay Date	1/1/01	Operating Margin	14.79%

If you are in the market for a junior gold miner, you should consider Brigus Gold, before the share price catches fire, because I believe it surely will.

Hope you have great results with your Retirefunds.

HP

Brigus digging up more gold at Black Fox Mine

Brigus Drills 18.09 gpt Gold Over 37.80 Metres & Announces Underground Exploration Program at Black Fox 

 Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD) is pleased to report a second high grade gold intersection from underground drilling at Black Fox. Hole 645-34-W assayed 18.09 grams per tonne gold over 37.80 metres, including 39.45 grams per tonne gold over 10.35 metres.

 This 37.80 metre mineralized intercept is from a drill interval of 316.9 to 354.7 metres, and remains open as the last sample at 354.7 metres graded 15.34 grams per tonne gold. Therefore, the full thickness of this high grade intercept is unknown at this time. Hole 645-34-W intersected high grade mineralization 30 metres to the west of hole 645-01-W, which assayed 40.71 grams per tonne gold over 26.75 metres, including 103.20 grams per tonne gold over 8.35 metres. 

In light of these positive results, exploration drilling at the Black Fox mine has recommenced and a third drill hole is now in progress. This phase of exploration will consist of 12 to 15 additional holes to be drilled from underground to further test and define the new zone.

"This thick, high grade gold intersection directly below current mining operations confirms the potential to expand our orebody and add significant ounces to the underground mine at Black Fox," said Wade Dawe, Brigus' Chairman and CEO. "Accordingly, we have increased our 2013 exploration budget and recommenced drilling to further test this zone and we look forward to reporting additional results in the coming weeks. Adding new high-quality gold ounces through exploration is the most direct way of increasing value for our shareholders." 

Orebodies in the region, along the Destor Porcupine Fault, often extend to depths of more than 1,000 metres. The Black Fox orebody remains open for expansion both laterally and at depth.
Highlights from Black Fox drilling:

 ____________________________________________________________________
|Hole Number| From |   To |Core Width|Gold Assay |*Gold Assay| Metal |
|           |      |      |          |  (Uncut)  |   (Cut)   |Factor |
|           |      |      |          |           |           |(Uncut)|
|___________|______|______|__________|___________|___________|_______|
|           |  (m) |  (m) |     (m)  |grams/tonne|grams/tonne|grams x|
|           |      |      |          |           |           | width |
|___________|______|______|__________|___________|___________|_______|
|645-34-W   |316.90|354.70|   37.80  |    18.09  |    18.09  |   684 |
|___________|______|______|__________|___________|___________|_______|
|including  |329.45|339.80|   10.35  |    39.45  |    39.45  |   408 |
|___________|______|______|__________|___________|___________|_______|
|645-01-W(  |339.65|366.40|   26.75  |    40.71  |    25.99  |  1089 |
|(1))       |      |      |          |           |           |       |
|___________|______|______|__________|___________|___________|_______|
|including  |339.65|348.00|    8.35  |   103.20  |    66.30  |   862 |
|___________|______|______|__________|___________|___________|_______|

*All high grade assays capped at 300.00g/t. (1) Reported in 16(th)October 2013 Press Release
A Black Fox longitudinal section is shown in Appendix 1.
Underground drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Accurassy Labs of Thunderbay, Ontario, which is ISO 17025 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River‐Matheson, Ontario, Canada. Brigus also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
Cautionary and Forward-Looking Statements Statements in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2013 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws. Source: Brigus Gold Corp.
SOURCE Brigus Gold Corp.
Image with caption: "Appendix 1: Black Fox longitudinal section (CNW Group/Brigus Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20131031_C9151_PHOTO_EN_32800.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2013/31/c9151.html
SOURCE: Brigus Gold Corp.

Investor Relations Contact Information Morgan Tyghe Director of Investor Relations
(416) 214-9867 mtyghe@brigusgold.com www.brigusgold.com

Brigus Gold Drills Deepest High Grade Intersection to Date at Grey Fox

 May 2013 by Business Wire Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD) is pleased to report additional results from its ongoing drill program at the 147 Zone on the Grey Fox property. Results from this drill program will increase the current gold resource and further confirm the potential for both a new open pit and underground mine. The Grey Fox property is located approximately four kilometres southeast of Brigus' Black Fox mine and boasts excellent infrastructure. Due to the close proximity of Grey Fox to the Black Fox mine, the Company sees potential for near term production growth.

"These impressive results further extend the 147 Zone orebody and it remains open for expansion at depths beyond 400 metres vertical," said Howard Bird, Brigus' Senior Vice President of Exploration. "Four drill rigs will continue resource expansion drilling on the 147, Contact and Grey Fox South zones for the remainder of the year."
The Company plans to release an updated NI 43-101 resource estimate for the Grey Fox property later in the quarter.
Highlights from the 147 Zone which remains open for expansion:

 Hole Number  From     To     Core Length Gold Assay  Gram X Tonne
             ------  ------  -----------  ----------
               (m)     (m)        (m)     gram/tonne
             ------  ------  -----------  ----------
  GF12-698   154.20  163.00         8.80       12.86           113
-----------  ------  ------  -----------  ----------  ------------
  GF13-709    99.00  144.00        45.00        1.92            86
-----------  ------  ------  -----------  ----------  ------------
             284.00  299.00        15.00        3.78            57
             ------  ------  -----------  ----------  ------------
             317.00  324.00         7.00       11.66            82
             ------  ------  -----------  ----------  ------------
  GF13-713   381.00  401.00        20.00       23.05           461
-----------  ------  ------  -----------  ----------  ------------
             467.00  481.00        14.00        5.20            73
             ------  ------  -----------  ----------  ------------
  GF13-719   396.35  403.00         6.65       12.14            81
-----------  ------  ------  -----------  ----------  ------------
  GF13-728   264.00  278.00        14.00       28.54           400
-----------  ------  ------  -----------  ----------  ------------

All assays are capped at 100 gpt gold, average gold grades over core length widths.
Details of the most recent 147 Zone drill holes are listed in Appendix 1, the 147 Zone drill-hole location map is included in Appendix 2 and a long section map can be found in Appendix 3. All drill hole data is posted on the Company's website at www.brigusgold.com.
Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.

Cautionary and Forward-Looking Statements Statements in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox or Grey Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2012 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws. Source: Brigus Gold Corp.
Appendix 1: Most recent drill hole assay results at the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):

SOURCE: Brigus Gold Corp.

Brigus Gold Corp. 
Morgan Tyghe, (416) 214-9867 
Director of Investor Relations 
mtyghe@brigusgold.com