A: Agnico Eagle Mines Ltd., $105.14, symbol AEM on Toronto (Shares outstanding: 241.6 million; Market cap: $25.4 billion; www.agnico-eagle.com), has eight gold mines – five in Canada (LaRonde, Meadowbank, Meliadine, Goldex and Malarctic), one in Finland (Kittila), and two in Mexico (Pinos Altos and La India).
In the three months ended June 30, 2020, the company’s overall gold production fell 19.7%, to 331,064 ounces from 412,315 a year earlier. For part of the quarter, mining activities were reduced or suspended at seven of the company’s eight mines due to the coronavirus. Exploration work was also interrupted. All operations were subsequently restarted by the end of the quarter.
Despite the lower production, earnings per share rose by 50.0%, to $0.18 from $0.12. The increase came from higher gold prices. (All figures except share price and market cap in U.S. dollars.)
The company held cash of $336.4 million on June 30, 2020. Its debt of $1.8 billion U.S. was a low 9% of its market…
Privacy Policy and Terms of Use
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
