Highlights of AEM's presentation at Denver Gold Fo Highlights from Agnico-Eagle's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Agnico-Eagle (AEM : NYSE, AEM : TSX | HOLD, US$48.00)
• Kittila 3,000 tpd operation too small for size of deposit which continues to grow. Company likely going to look at an expansion of the mill through various stages. Likely to build shaft to access lower ore, and build another autoclave to both increase throughput and increase autoclave availability.
• Key to La India project is exploration (exploration upside potential at Tarachi as well).
• Meadowbank mine plan now "works" and the asset is much more predictable. Company focused on cost optimization at the asset right now.
• Goldex has been focused on assessment and remediation; work has indicated that they made the correct decision on ceasing operation at GEZ zone, but potential to start mining M and E zones.
• Growth driven by LaRonde, Meadowbank, La India and Goldex; manageable and fully-funded capex.
• Exploration update expected in November (including Meliadine); strong potential for resource update at Meladine to be included in this update.
• Company growth to be through organic exploration and small acquisitions targeted in Mexico.
• Focus on operational execution which to date has served them very well in raising guidance at mid-year.
• While we portray a modest growth profile, it is driven by Kittila expansion (study on 25% increase due later this year), Meliadine, La India and small-scale restart of satellite Goldex zones.
• Meadowbank - mine is working very well on throughput exceeding design levels but still looking at ways to lower site costs.
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.