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 > Perspective: AEM's $920 million in net debt, divided by 3.45

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Comment by Quintessential1on Oct 19, 2024 12:07pm

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RE:Perspective: AEM's $920 million in net debt, divided by 3.45

Yeah and getting better all the time. Axe the debt and increase the div. Buybacks are a no.

Debt service costs should be going down with rate cuts too but there should be an optimal level.

Do they have a debt target?

GLTY and all

PulpCutter wrote:
million ounce annual production, equates to the additional cash flow from a $266/oz climb in the spot price.

That simplistic calculation ignores taxes. But suffice to say AEM may make quick work of the debt.

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