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Last C$36.13 CAD
Change Today -3.04 / -7.76%
Volume 2.3M
AEM On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 4:24 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

agnico eagle mines ltd (AEM) Snapshot

Open
C$37.90
Previous Close
C$39.17
Day High
C$38.05
Day Low
C$35.99
52 Week High
07/29/14 - C$45.92
52 Week Low
10/31/14 - C$25.05
Market Cap
7.8B
Average Volume 10 Days
1.2M
EPS TTM
C$0.69
Shares Outstanding
215.0M
EX-Date
02/26/15
P/E TM
41.5x
Dividend
C$0.32
Dividend Yield
1.01%
Current Stock Chart for AGNICO EAGLE MINES LTD (AEM)

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agnico eagle mines ltd (AEM) Details

Agnico Eagle Mines Limited is engaged in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as for silver, copper, zinc, and lead. The company’s flagship property includes the LaRonde mine, which comprises a 100% owned LaRonde property that consists of 36 contiguous mining claims and 1 provincial mining lease covering in total of 1,047.4 hectares; El Coco property, which includes 22 contiguous mining claims and 1 provincial mining lease covering in total of 356.7 hectares; and Terrex property that comprises 21 mining claims covering in total of 424.4 hectares, as well as 3 surface rights leases covering in total of approximately 303.6 hectares in Northwestern Quebec. As of December 31, 2013, the LaRonde mine’s estimated proven and probable mineral reserves included approximately 3.9 million ounces of gold. It has exploration activities in Canada, Europe, Latin America, and the United States. The company was founded in 1953 and is headquartered in Toronto, Canada.

Founded in 1953

agnico eagle mines ltd (AEM) Top Compensated Officers

Vice Chairman, Chief Executive Officer and Pr...
Total Annual Compensation: C$1.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$520.0K
Senior Vice-President of Business Strategy an...
Total Annual Compensation: C$450.0K
Senior Vice President of Operations – Canada ...
Total Annual Compensation: C$433.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: C$500.0K
Compensation as of Fiscal Year 2013.

agnico eagle mines ltd (AEM) Key Developments

Orex and Agnico Eagle Sign A Letter of Intent for A Joint Venture on Orex's Barsele Project

Orex Minerals Inc. announced that it has entered into a letter of intent with Agnico Eagle Mines Limited with respect to the development of Orex's Barsele Gold Project, located in Sweden. Pursuant to the terms of the LOI, AEM will acquire an initial 55% interest in the Project on payment to Orex of $10 million ($6 million on closing of the transaction and $2 million on each of the first and second anniversaries of closing of the transaction). As part of the transaction, AEM will commit to spend $7 million on exploration over three years. AEM can earn an additional 15% interest by completing a pre-feasibility study on the Project. Orex will also be granted a 2% NSR, which may be terminated in exchange for a payment to Orex of $5 million. Completion of the transaction is subject to AEM's confirmatory due diligence, the execution of a definitive joint venture agreement, the approval of the TSX Venture Exchange and all other regulatory, corporate and security holder requirements. The transaction is expected to close on or before April 1, 2015. Orex plans, after completion of the transaction, to continue with the spinout of the Barsele asset into a NewCo as previously announced on February 1, 2013.

Agnico Eagle Declares Quarterly Cash Dividend, Payable on March 16, 2015

Agnico Eagle's board of directors has declared a quarterly cash dividend of $0.08 per common share, payable on March 16, 2015 to shareholders of record as of March 2, 2015.

Agnico Eagle Mines Limited Announces Unaudited Consolidated Earnings and Production Results for Fourth Quarter and Full Year Ended December 31, 2014; Provides Overall Tax Rate and Depreciation Guidance for the Year 2015; Provides Production Guidance for the Year 2015

Agnico Eagle Mines Limited announced unaudited consolidated earnings and production results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues from mining operations of $503,090,000, income before income and mining taxes of $2,288,000, net loss of $21,283,000 or $0.12 per diluted share, cash provided by operating activities of $163,956,000, additions to property, plant and mine development of $133,353,000 compared to the revenues from mining operations of $437,240,000, loss before income and mining taxes of $960,375,000, net loss of $780,272,000 or $4.49 per diluted share, cash provided by operating activities of $140,789,000, additions to property, plant and mine development of $137,940,000 for the same quarter a year ago. For the year, the company reported revenues from mining operations of $1,896,766,000, loss before income and mining taxes of $189,138,000, net income of $82,970,000 or $0.39 per diluted share, cash provided by operating activities of $668,324,000, additions to property, plant and mine development of $475,412,000 compared to the revenues from mining operations of $1,638,406,000, income before income and mining taxes of $818,287,000, net loss of $686,705,000 or $3.97 per diluted share, cash provided by operating activities of $481,043,000, additions too property, plant and mine development of $620,536,000 for the previous year. Net debt was $830 million. As far as financial position, net debt is $1.2 billion. For the fourth quarter, the company’s payable gold production at Creston Mascota was 12,989 ounces at a total cash cost per ounce on a by-product basis of $556. This compares to 10,666 ounces at a total cash cost per ounce on a by-product basis of $450 during the fourth quarter of 2013. Payable gold production at La India was 23,274 ounces at a total cash cost per ounce on a by-product basis of $496. For the year, payable gold production totaled 47,842 ounces at a total cash cost per ounce on a by-product basis of $578, compared to 34,027 ounces at a total cash cost per ounce on a by-product basis of $509 in 2013. Payable gold production totaled 75,093 ounces at a total cash cost per ounce on a by-product basis of $487. For the year 2015, the company's overall tax rate is expected to be between 40% and 45%. The company expects its 2015 depreciation and amortization expense to be in the range of $550 to $575 million. For the year 2015, the company' payable gold production is expected to be approximately 1,600,000 ounces, while total cash costs per ounce on a by-product basis are expected to be $610 to $630. Previous guidance for 2015 was 1,250,000 ounces at a total cash cost on a by-product basis of less than $678 per ounce.

 

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Industry Analysis

AEM

Industry Average

Valuation AEM Industry Range
Price/Earnings 74.2x
Price/Sales 3.5x
Price/Book 1.7x
Price/Cash Flow 13.1x
TEV/Sales 2.7x
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