Strong gold price boosts Goldcorp, Agnico profits
Reuters reports that Goldcorp Inc (TSE: G, NYSE: GG) and Agnico-Eagle Mines (TSE: AEM, NYSE: AEM) announced solid quarterly profits.
Articles Tagged "Agnico-Eagle Mines"
Gold Mining and Exploration in Mexico
Investors will know it best for its production of silver, with over 10 billion ounces mined; however, Mexico is also abundant in quantities of gold, copper, lead and zinc. Mexico’s ever-expanding gold mining industry is well positioned for a strong year in 2010, with output expected to increase by an additional 880,000 ounces to nearly 2.5 million ounces, representing an approximately 50 percent increase over 2009’s projected figures.
Strong Gold Prices Reflect India and Chinese Demand
As an asset class, gold outperformed compared with the broader commodity complex and international equities on a risk-adjusted basis, also demonstrating limited volatility relative to other commodities, with annualized average volatility falling to 17.6 percent from 20 percent in the previous quarter.
Agnico-Eagle doubles credit lines to US$600 million
Agnico-Eagle Mines reports that it has executed a new non-amortizing US$300 million revolving credit facility, maturing September 2010. Including its pre-existing credit facility, the Company now has US$600 million of credit lines. The pre-existing facility is also a non-amortizing US$300 million revolving credit line, maturing January 2013. Both credit facilities are unsecured. The new facility is being [...]
