Agnico Eagle Mines Ltd T.AEM

Alternate Symbol(s): AEM

Metals & Mining Gold

Agnico Eagle Mines Limited is a Canada-based gold mining company engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. It 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, Hope Bay/ Oro, 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

Agnico Eagle Mines Ltd

Bullboard Posts

Comment by ovison Nov 26, 2012 4:27pm

350 Views

Post# 20645712

RE: AEM in the news today

razzss,

AEM moved the Goldex reserves back to resources. That isn't quite a write-off. The gold is still there but AEM doesn't have a feasibility plan in place for its economic extraction.

I expect AEM will come up with a revised mine plan one day and alternate access arrangements. But it will probably take years to develop. Capping the royalty interest may make the difference between a go/nogo in a feasibility study although I actually doubt the project would be that sensitive.

AEM is sure trading strong these days. Looks like today is a new 52 week high. Interesting.

Bullboard Posts

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