A recalibrated valuation model by GMP Securities shows that some gold companies can weather a gold price drop better than others.
Articles Tagged "Agnico-Eagle Mines"
Investors were shaken by the market's death-defying drop and recovery in a matter of minutes recently. But the "tweet retreat" hasn't changed the reasons why investors need gold companies in their portfolio. Ryan Walker, a mining analyst with Casimir Capital in Toronto, tells investors to look past the headlines to what underpins the market. In this interview with The Gold Report, Walker says that all that cash pumped into the economy at some point has to start driving inflation.
The frightening specter of a run on European banks, evidenced by events in Cyprus, had investors clamoring for the safety of gold this week.
Kinross and Barrick both announced multi-billion-dollar writedowns in the fourth quarter. Investors, however, see a silver lining in the bad news.
Miranda Gold Corp. (TSXV:MAD) announced that it has terminated its exploration agreement with Agnico-Eagle Mines Ltd.'s (TSX:AEM) US subsidiary. The two companies had been exploring Miranda's Alaskan Ester Dome project.
Agnico-Eagle Mines Ltd. (NYSE:AEM,TSX:AEM) announced that the development and construction of its Mexico-based La India mine have been approved by its board of directors and commented that the mine will be an open-pit, heap leach operation. Commercial production is expected in the second half of 2014.
Agnico-Eagles Mines Ltd. (NYSE:AEM,TSX:AEM) announced that its operating and financial results for the second quarter of 2012 include a quarterly net income of $43.3 million, or $0.25 per share.
Miranda Gold Corp. (TSXV:MAD) announced that its 100-percent-owned Colombian subsidiary will form a strategic alliance with Agnico-Eagle Mines Ltd. (TSX:AEM). The companies have signed a non-binding Letter of Intent and plan to explore for precious metals in central Colombia.
Reuters reports that Goldcorp Inc (TSE: G, NYSE: GG) and Agnico-Eagle Mines (TSE: AEM, NYSE: AEM) announced solid quarterly profits.
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.