Agnico eagle globe and mail
Agnico Eagle Mines Limited is a Canadian gold mining company that is listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). Here are some key points about Agnico Eagle Mines Limited, as reported in The Globe and Mail:
Company Overview
Agnico Eagle is a senior gold mining company that operates eight mines in Canada, Finland, and Mexico. The company was founded in 1957 and is headquartered in Toronto, Ontario.
Financial Performance
In 2020, Agnico Eagle reported a net income of $1.1 billion on revenue of $4.3 billion. The company has a market capitalization of around $25 billion.
Operations
Agnico Eagle's mines are located in the following regions:
- Canada: Meadowbank, Goldex, and LaRonde in Quebec; and Kittila in Nunavut.
- Finland: Kittilä and Pampalo.
- Mexico: Pinos Altos and La India.
The company has a total gold production of around 2.1 million ounces in 2020.
Exploration and Development
Agnico Eagle has a significant exploration program in place, with a focus on discovering new gold deposits in its existing regions. The company has a number of projects in various stages of development, including the Amaruq project in Nunavut and the Goldex expansion project in Quebec.
Sustainability
Agnico Eagle has a strong commitment to sustainability and has set targets to reduce its greenhouse gas emissions, water usage, and waste generation. The company has also implemented various initiatives to promote diversity, equity, and inclusion in its workforce.
Leadership
Agnico Eagle's CEO is Sean Boyd, who has been with the company since 1990. The company's board of directors includes several experienced mining executives and industry experts.
Investor Relations
Agnico Eagle is a popular stock among investors, with a strong track record of delivering returns. The company's shares are listed on the TSX and NYSE under the ticker symbol AEM.