Topic: How To Invest

Hi, Pat: Would you please comment on Agnico Eagle Mines? Thanks.

Article Excerpt

Agnico Eagle Mines Ltd., $33.80, symbol AEM on Toronto (Shares outstanding: 217.2 million; Market cap: $7.2 billion; www.agnico-eagle.com), has five mines in Canada (LaRonde, Lapa, Meadowbank, Goldex and Malarctic), one in Finland (Kittila) and two in Mexico (Pinos Altos and La India). The company produced 1.43 million ounces of gold in 2014 and expects to produce 1.6 million ounces this year. Its two Nunavut projects, the Meadowbank mine and the development-stage Meliadine property, are riskier than its other operations because of the difficulties of operating in Canada’s Far North. Still, Agnico Eagle offers steady growth prospects and low political risk. Like most gold firms, the company’s shares will be heavily influenced by the direction of gold prices. Agnico Eagle is okay for aggressive investors to hold. hold…