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Gold Poised for Record as Yields Sag, Most Profitable Miner Says

  • Agnico raises quarterly dividend as earnings beat estimates
  • Rally in miners is just getting started, Agnico’s Boyd says
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The most profitable producer of one of this year’s best-performing commodities says things are about to get a whole lot better.

For investors who missed gold’s climb to a two-year high in early July, it’s not too late to jump in, according to Agnico Eagle Mines Ltd. Chief Executive Officer Sean Boyd. The Toronto-based company’s gross margin of 52 percent last quarter is the biggest among major producers, according to data compiled by Bloomberg. It’s also the only big gold miner to expand the margin over the past five years, the data show.