Agnico Eagle Mines Ltd. (NYSE:AEM)

CAPS Rating: 3 out of 5

Agnico-Eagle Mines explores, develops, and produces gold in the United States, Mexico, Canada, and Finland.


Player Avatar XMFSinchiruna (27.12) Submitted: 1/23/2008 4:58:28 PM : Outperform Start Price: $34.87 AEM Score: -83.39

Agnico Eagle is one of the most rock-solid major producers in the gold mining industry. It has fully arrived on the scene as one of the largest-scale gold producers, which it procures at incredibly low cost compared wth its peers. Unlike many of the other major gld producers (Newmont, Goldcorp, etc.), AEM management has done a terrific job with achieving organic growth in a competitive environment. AEM has had an amazing run already, but with its solid fundamentals it has much further to run... even if it may be outpaced by mid-tier producers like Yamana or NovaGold.

Member Avatar XMFSinchiruna (27.12) Submitted: 12/19/2008 5:06:38 PM
Recs: 6

Since that pitch from last January, AEM has commissioned two new gold mines for a total of three producing mines online at still some of the lowest production costs in the industry. Expect two additional mines in 2009, and a fifth producer coming online early 2010. With capital and cash flow in place to ensure a successful organic growth streak, Agnico-Eagle will be a force among the gold miners for years to come. Fourth quarter 2008 may not impress too much since Zinc prices have retreated so intensely, but as the dollar deteriorates under the weight of Bernanke's printing press, I expect gold to spend much of 2009 above the $1,000 mark ... possibly well above. For all these reasons, I selected Agnico-Eagle Mines as my Best Stock for 2009:

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