RE: here is the $$$millions question!!!!!!!!!!!!They mine the Cadillace belt that Yorbeau is a part of. I don't know how close or far to Yorbeau. I was only joking with a mention of their name but you never know.... Once Yorbeau announces a big find, land prices in the area will skyrocket. Better to buy now.
A SOLID REPUTATION AS EXPERIENCED MINE BUILDERS AND LOW-COST PRODUCERS
Business Summary
For almost three decades, Agnico-Eagle has been mining gold in one of the world's most productive regions -- the mineral-rich Cadillac Belt on the Canadian Shield -- and establishing a solid reputation as experienced mine builders and low-cost producers who make good their promises. And now, the future looks even brighter.
Starting with the fourth quarter of 2002, the daily throughput rate increased from 5,000 tons per day to 7,000 tons per day. This newly expanded rate will result in a substantial increase in gold production and a further decline in the unit costs to produce an ounce of gold. By the year 2004, the company expects gold production to approach 400,000 ounces per year, and the cash costs to produce an ounce of gold are expected to decline to below US$100.
Recent News: Agnico-Eagle reports second quarter results; Company to acquire Bousquet Property and mine assets and regional exploration properties from Barrick