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Agnico Eagle Mines (AEM) Company Profile

Updated May 14, 2020
Agnico Eagle Mines has the following business profile:
Company's Full Name:Agnico Eagle Mines Limited
Short Name:Agnico Eagle Mines
Trading Ticker Symbol:AEM
Primary Exchange:NYSE
Headquarter City/Country:Canada
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Precious Metals
Main Business Areas: Gold, Silver, Basic Industries, Precious Metals, Basic Materials
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Agnico Eagle Mines stock

Market and Trading Information for Agnico Eagle Mines

The following details were available for trading and market data about the stock of Agnico Eagle Mines as of writing:
Current Share Price:$66.1
Previous Year's Closing Price:$61.61
Percentage Price Change (YTD):7.29%
Market Cap:$15.93 billion
52-week Price Range:$31 - $67.13
Dividend Per Share:$0.62
EPS (TTM):1.73
Price-Earnings (Trailing):38.14
Price-Earnings (Forward):28.74

Company Profile and Business Description for Agnico Eagle Mines

Agnico Eagle Mines Limited (Agnico Eagle), incorporated on June 1, 1972, is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units: Northern Business, Southern Business and Exploration. The Company's Northern Business consists of the Company's operations in Canada and Finland. The Company's Canadian properties include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project, each of which is held directly by the Company, and an interest in the Canadian Malartic Mine, which is held indirectly through a subsidiary of the Company and Canadian Malartic Corporation. The Company's operations in Finland are conducted through its indirect subsidiary, Agnico Eagle Finland Oy, which owns the Kittila mine. The Company's Southern Business consists of the Company's operations in Mexico. The Company's Pinos Altos mine, including the Creston Mascota deposit, is held through its subsidiary, Agnico Eagle Mexico S.A. de C.V. The La India mine is owned by the Company's indirect subsidiary, Agnico Sonora, S.A. de C.V.

The Company's Exploration group focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions. Its exploration activities are concentrated in Canada, Europe, Latin America and the United States. The Company manages approximately 70 properties in Canada, over five properties in the United States, approximately three groups of properties in Finland, over two properties in Sweden and approximately 20 properties in Mexico. The Company operates continuous gold production from underground operations. The Company produces approximately 12.7 million ounces of gold.

Northern Business

The LaRonde mine is situated approximately halfway between Rouyn-Noranda and Val d'Or in northwestern Quebec (approximately 470 kilometers northwest of Montreal, Quebec) in the municipalities of Preissac and Cadillac. The LaRonde mine is estimated to have proven and probable mineral reserves containing approximately 3.1 million ounces of gold consisting of over 18.2 million tons of ore grading 5.31 grams per ton. The LaRonde mine consists of the LaRonde property and the adjacent El Coco and Terrex properties, each of which is owned and operated by the Company. The Lapa mine is located approximately 10 kilometers east of the LaRonde mine near Cadillac, Quebec. The Lapa mine is estimated to contain proven and probable mineral reserves of approximately 0.78 million ounces of gold consisting of over 0.44 million tons of ore grading 5.49 grams per ton. The Lapa property is made up of the Tonawanda property, which consists of approximately 40 contiguous mining claims and a provincial mining lease, and the Zulapa property, which consists of a mining concession.

The Goldex mine is located in the City of Val d'Or, Quebec, approximately 60 kilometers east of the LaRonde mine. The proven and probable mineral reserves at Goldex are estimated at approximately 0.67 million ounces of gold consisting of over 12.9 million tons of ore grading 1.61 grams per ton, all in the M, E and D Zones. The Goldex property consists of approximately 20 contiguous mining claims and a provincial mining lease. The property is made up of approximately three blocks, including the Probe block; the Dalton block, and the Goldex Extension block. The Company also has a surface lease that is used for the auxiliary tailings pond. The Canadian Malartic mine is located approximately 20 kilometers west of the City of Val-d'Or and over 80 kilometers east of City of Rouyn-Noranda. The mine lies within the town of Malartic. It straddles the townships of Fourniere, Malartic and Surimau. The Canadian Malartic mine is estimated to have proven and probable mineral reserves containing approximately 7.73 million ounces of gold consisting of over 221.53 million tons of ore grading 1.08 grams per ton. The Canadian Malartic mine consists of the East Amphi property, the CHL Malartic prospect and the Canadian Malartic property. The Canadian Malartic mine consists of a contiguous block comprising a mining concession, approximately five mining leases and over 210 mining claims.

The Kittila mine is located in northern Finland approximately 900 kilometers north of Helsinki and over 50 kilometers northeast of the town of Kittila. The Kittila mine is estimated to contain proven and probable mineral reserves of approximately 4.35 million ounces of gold consisting of over 28.2 million tons of ore grading 4.80 grams of gold per ton. The total landholdings surrounding and including the Kittila mine comprise over two mining licenses and approximately 190 tenements. The tenements form a continuous block around the Kittila and Kuotko mining licenses. The block is divided into the Suurikuusikko area (which includes the Rouravaara area), the Suurikuusikko West area, the Suurikuusikko East area and the Kittila and Kuotko mining licenses. The Kuotko mining license is located approximately 10 kilometers north of the Kittila mine.

The Meadowbank mine is located in the Third Portage Lake area in the Kivalliq District of Nunavut in northern Canada, approximately 70 kilometers north of Baker Lake. The Meadowbank mine is estimated to contain proven and probable mineral reserves of approximately 0.94 million ounces of gold consisting of over 10.8 million tons of ore grading an average of 2.72 grams of gold per ton. The Meadowbank mine is held under approximately 10 Crown mining leases, over four exploration concessions and approximately 40 Crown mineral claims. The Crown mining leases cover the Portage, Goose and Goose South deposits. The Meliadine project is an exploration/development property located near the western shore of Hudson Bay in the Kivalliq region of Nunavut, approximately 20 kilometers north of the hamlet of Rankin Inlet and over 290 kilometers southeast of the Meadowbank mine. The mineral reserves and mineral resources of the Meliadine project are estimated to contain proven and probable mineral reserves of approximately 3.42 million ounces of gold in over 14.5 million tons of ore grading 7.32 grams of gold per ton. In addition, the project has approximately 20.8 million tons of indicated mineral resources grading 4.95 grams of gold per ton and over 14.7 million tons of inferred mineral resources grading 7.51 grams of gold per ton.

Southern Business

The Pinos Altos mine is located in the Sierra Madre gold belt, approximately 280 kilometers west of the City of Chihuahua in the State of Chihuahua in northern Mexico. The Pinos Altos mine is estimated to contain proven and probable mineral reserves of approximately 1.46 million ounces of gold and over 37.53 million ounces of silver consisting of approximately 15.7 million tons of ore grading 2.88 grams of gold per ton and over 74.18 grams of silver per ton. The Creston Mascota deposit at Pinos Altos is estimated to contain additional proven and probable mineral reserves of approximately 0.18 million ounces of gold and over 1.63 million ounces of silver consisting of over 4.2 million tons of ore grading 1.30 grams of gold per ton and approximately 12.02 grams of silver per ton. The Pinos Altos property is made up of approximately two blocks, including the Agnico Eagle Mexico Concessions (approximately 20 concessions) and the Pinos Altos Concessions (over 20 concessions).

The La India mine is located in the municipality of Sahuaripa, southeastern Sonora State, between the small rural towns of Tarachi and Matarachi. The La India mine is estimated to contain proven and probable mineral reserves of approximately 0.87 million ounces of gold and over 4.08 million ounces of silver consisting of approximately 30 million tons of ore grading 0.90 grams of gold per ton and over 4.23 grams of silver per ton. The La India property consists of approximately 40 owned and over 20 optioned mining concessions in the Mulatos Gold Belt in Sonora, Mexico. The La India property includes the Tarachi deposit and various other prospective targets in the Mulatos Gold Belt. At the Tarachi deposit, indicated mineral resources are approximately 47.2 million tons of ore grading 0.39 grams of gold per ton and inferred mineral resources are over 81.7 million tons of ore grading 0.36 grams of gold per ton.

Exploration

The Company explores in Quebec, Nunavut, Nevada, Finland, Sweden and Mexico. The Canadian regional exploration activities are focused on the Amaruq and Meliadine properties in Nunavut. In the United States, exploration activities are concentrated on the West Pequop and Summit projects located in northeast Nevada. In Mexico, regional exploration is focused on the El Barqueno property. In Finland, regional exploration is focused to the north of the Kittila mine along the Kiistala fault, including the Kuotko deposit. In Sweden, the Company explores the Solvik project and the Barsele project. Canadian Malartic Corporation is focused on exploration of the Amalgamated Kirkland and Upper Beaver projects near Kirkland Lake, Ontario, as well as the Pandora property adjacent to the Lapa mine, and the Odyssey project next to the Canadian Malartic mine in Quebec. At the LaRonde, Goldex, Lapa, Meadowbank, Kittila, Pinos Altos (including the Creston Mascota deposit) and La India mines, and the Canadian Malartic mine, the Company continued exploration programs around the mines.

The Company's land holdings in Canada consists of approximately 70 projects consisting of over 3,840 mineral titles covering an aggregate of approximately 531,140 hectares (of this total in Canada, seven projects consisting of 1,780 mineral titles covering an aggregate of 69,070 hectares are held as interest with Yamana Gold Inc. (Yamana), including the Canadian Malartic mine). Land holdings in the United States consist of approximately five properties consisting of over 2,490 mineral titles covering an aggregate of approximately 35,860 hectares. Land holdings in Finland consist of approximately three groups of properties consisting of over 220 mineral titles covering an aggregate of approximately 27,900 hectares. Land holdings in Sweden consist of approximately two projects consisting of over 30 mineral titles covering an aggregate of approximately 37,360 hectares. Land holdings in Mexico consist of approximately 20 projects consisting of over 160 mining concession titles covering an aggregate of approximately 237,590 hectares. The Company has drilled approximately 770 holes for an aggregate of over 210 kilometers on its owned properties. It has also drilled approximately 160 holes for an aggregate of over 80 kilometers on Canadian Malartic Corporation exploration properties.

145 King St E Suite 400

ETFs Holding Agnico Eagle Mines Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Agnico Eagle Mines stocks in their respective portfolios. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
DUSTDirexion Daily Gold Miners Bear 3X SharesThe Direxion Daily Gold Miners Index Bear ETF provides 3x inverse exposure to a market-cap-weighted index of global gold and silver mining firms. ...Full Details1.08%48
Full List
Quarterly

See Full List of ETFs holding Agnico Eagle Mines stock in their respective portfolios.

Peer / Competitor Companies of Precious Metals Sector

Along with Agnico Eagle Mines Limited, the following other peer (competitor) companies also exist within the same Precious Metals - Basic Industries sector whose company profile and dividend history is as follows:

▶ Alamos Gold (AGI): Alamos Gold Inc. is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Companys segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. ....See Detailed Company Profile,  Dividend History

▶ Alexco Resource (AXU): Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It prima....See Detailed Company Profile,  Dividend History

▶ Almaden Minerals (AAU): Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silve....See Detailed Company Profile,  Dividend History

▶ AngloGold Ashanti (AU): AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South....See Detailed Company Profile,  Dividend History

▶ Avino Silver (ASM): Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties.....See Detailed Company Profile,  Dividend History

▶ B2Gold (BTG): Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua.....See Detailed Company Profile,  Dividend History

▶ Barrick Gold (GOLD): Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine locate....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ BHP Billiton (BHP): BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, s....See Detailed Company Profile,  Dividend History

▶ Buenaventura Mining (BVN): Compania de Minas Buenaventura S.A.A. (Buenaventura), incorporated on September 7, 1959, is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and ....See Detailed Company Profile,  Dividend History

▶ Cameco (CCJ): Cameco Corporation (Cameco), incorporated on January 1, 1997, is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading ....See Detailed Company Profile,  Dividend History

▶ China Natural Resources (CHNR): China Natural Resources, Inc., through its subsidiaries, engages in the exploration of metal properties in the People's Republic of China. The company primarily explores for lead, silver, copper, and ....See Detailed Company Profile,  Dividend History

▶ Cliffs Natural Resources (CLF): Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally. The company operates four iron ore mines, including the Tilden mine in Michigan; and the....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ Coeur Mining (CDE): Coeur Mining, Inc. explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and....See Detailed Company Profile,  Dividend History

▶ Comstock Mining (LODE): Comstock Mining Inc. engages in the exploration, development, and production of gold and silver in Nevada. The company operates through Mining and Real Estate segments. The Mining segment owns and con....See Detailed Company Profile,  Dividend History

▶ Denison Mine (DNN): Denison Mines Corp. engages in uranium mining related activities in Canada. The company acquires, explores for, and develops uranium properties; and extracts, processes, and sells uranium. Its assets include a ....See Detailed Company Profile,  Dividend History

▶ DRDGOLD (DRD): DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It re....See Detailed Company Profile,  Dividend History

▶ Eldorado Gold (EGO): Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company ho....See Detailed Company Profile,  Dividend History

▶ Endeavour Silver (EXK): Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver....See Detailed Company Profile,  Dividend History

▶ Eurasian Minerals (EMX): EMX Royalty Corporation engages in the acquisition, exploration, and evaluation of mineral properties. It explores for gold, silver, copper, molybdenum, lead, zinc, volcanogenic massive sulfide, and i....See Detailed Company Profile,  Dividend History

▶ First Majestic Silver (AG): First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver prod....See Detailed Company Profile,  Dividend History

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