Big Wheels Keep On Turning -- the Hopium chronicles The market is about to be shocked by the gold majors spike in cash flow. Agnico eagle for one received $2062 per oz of gold in the first quarter. AEM is trading @ $102 cdn per share. They have to be betting gold prices will be rising even higher….They could easily issue less than 2.2 million shares to pick up the 6 million ozs of gold amk holds at treaty creek.
Just think of all the blue sky potential for the rest of the property that a company like AEM could gain access too.... Treaty creek could be a tier one gold mine producing between 500,000 and 1 million ozs a year for over 20 years...
| Agnico eagle first quarter Realized gold price
($/ounce) $2062 per oz | | |
It should easily take in $2262 per oz in the second quarter. It will probably be closer to $2300 an oz Since they produced 878k ozs of gold in first quarter they should increase their revenue in the 2nd quarter by $175 million
| | Gold production (ounces) | | 878,652 | | for Three Months Ended |
March 31,for first quarter
In the first quarter of 2024, net income was $347.2 million ( $0.70 per share).
As for Newmont they produced around 2.2 ozs of gold equivalent in the first quarter. that adds an increase of revenue of about $440 million in the 2nd quarter if they realized an extra $200 an oz ifor their gold