5 Followers USX:AEM - Agnico Eagle Mines Ltd Agnico Eagle Mines Limited
Sector: Materials, Industry: Gold
Next Earnings: 25 Apr 2024
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USD 57.85    +1.79 (+3.19%)

27 Mar 2024


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General

CEO: Mr. Sean Boyd C.A., CPA, F.C.A., FCPA

IPO: 1984-09-07

Headquarters: US

Employees: 10,125

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Description

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

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