Agnico Eagle Mines


$14575.7m market cap

$60.99 last close

Agnico Eagle operates eight mines in Canada, Finland and Mexico and is among the top 15 largest gold mining companies in the world. It seeks to build a high-quality business that generates superior long-term returns for shareholders and contributes to the communities in which it operates.

Investment summary

Agnico Eagle Mines Limited (AEM or the Company) is a senior gold producer that operates in low political risk jurisdictions with a quality mineral reserve base. The Company has a track record of strong operational performance and has beaten production and cost guidance for seven consecutive years. AEM is nearing completion of a large Nunavut expansion (the Meliadine mine and Amaruq project), which is expected to drive growth in gold production from 1.75Moz in 2019 to 2.0Moz in 2020. A return to free cash flow generation is anticipated in H219 with capex expected to decline significantly as AEM moves to “harvest mode”.

Share price graph
Price performance
Actual 5.5 6.6 56.2
Relative* 3.6 1.8 31.1
52-week high/low US$64.2/US$38.2
*% relative to local index
Key management
Brian Christie IR - Dir