Bullboard - Stock Discussion Forum 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... see more

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TSX:AEM - Post Discussion

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

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Post by PulpCutter on Oct 17, 2024 10:36pm

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

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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Comment by Quintessential1 on Oct 19, 2024 12:07pm

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

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Agnico Eagle Mines Ltd