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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

Post by riddle5on May 30, 2023 3:52pm
244 Views
Post# 35470964

Crazy

Crazy

Easily one of the best gold stock out there- yet, we are down nearly 20% in a month, while other lesser names have not shed as much. I can't remember the last green day for this name- including today, when gold is up nearly $20, we are down 1%?! 

Am I missing something here? There are many great cataysts for this name not to be in the woodshed as it has been for the past month, after great earnings, improving margins, inflationary conditions, production inceases in the horizon etc. 

I appreciate all insight and contribution to understanding why it's been hammered so much in a space of a month, whith gold only shedding less than 5%.

Cheers

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