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Agnico Eagle Mines Ltd (Ontario) T.AEM

Alternate Symbol(s):  AEM

Agnico Eagle Mines Limited is a Canada-based gold mining company, which is engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. The Company has a pipeline of exploration and development projects in these countries as well as in the United States. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine and Pinos Altos. Its exploration site includes Anza, Barsele, Delta, Douay/Joutel, Kirkland Lake Regional, Kuotko, Monument Bay and others. The Canadian Malartic Complex is located over 25 kilometers (km) west of Val-d’Or in northwestern Quebec, Canada. The Detour Lake operation is located in northeastern Ontario, over 300 km northeast of Timmins and 185 km by road northeast of Cochrane, within the northernmost Abitibi Greenstone Belt. The Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo.


TSX:AEM - Post by User

Comment by JayBankson Apr 09, 2022 6:34pm
171 Views
Post# 34591211

RE:RE:RE:RE:RE:Goodbye US Dollar

RE:RE:RE:RE:RE:Goodbye US Dollar

Quintessential1 wrote:

I also think Gold is trading artificially low and I am not quite sure how long the FED can keep holding it down.


 

I too think gold is trading low, but I'm not interested in it from a currency, inflation or other financially unmeasurable perspective, tho movements from those perceptions are nice. I'm interested in it as an industrial commodity, with major energy shifts and more reliance on different forms of electricity, gold is one of the best if not the best conduit metal and I can see it being used much more for efficiencies in devices, EVs, batteries and other related products.

Pulling it outta the ground and making a gold bar out of it doesn't really have a consumable use, I can't see gold coins & plates being a reasonable currency in the future even if you are down on the dollar and I'm noticing a decline in metallic jewelry being worn (I believe the jewelry market is up but people buy and only bring out at special times), most people are wearing Apple watches and similar body monitoring products (which do contain tiny amounts of gold within the device).

I'm also not a big fan of cry

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