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.

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Agnico Eagle Mines Ltd > Panic-Proof Portfolio

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Post by retiredcfon May 19, 2023 7:06am

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Post# 35455998

Panic-Proof Portfolio

TOP PICK

Agnico-Eagle Mines(AEM-T)

18/05/2023

Stockchase Research Editor: Michael O'Reilly

This Canadian based producer of over 3 million ounces of gold, is the third largest producer in the world. It trades at 12x earnings and 1.6x book. Cash reserves are growing as debt is retired and shares are bought back. Its dividend is backed by a payout ratio under 35% of cash flow. We recommend a stop-loss at $52, looking to achieve $92 -- upside potential of 26%. Yield 2.1%

(Analysts’ price target is $91.85)

Precious Metals

$72.150

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