Agnico Eagle Mines Ltd AEM

Primary Symbol: T.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 > Dividend stuck at 2022's $1.60 rate despite gold up $500/oz

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Comment by packerdriveron May 13, 2024 1:38pm

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Post# 36037188

RE:RE:Dividend stuck at 2022's $1.60 rate despite gold up $500/oz

Well said! I used to work with a guy named Lumpy and he made perfect sense like you do.
Raising the dividend to 5%+ makes no sense when your product can go up and down like a yo-yo.
Gold miners don't want/need yield seeking investors. They have a nasty habit of leaving en masse when the commodity price corrects...and nothing crashes an SP more than a necessary dividend cut.
BAD IDEA ALL AROUND, IMO

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