Agnico-Eagle Mines Limited (NYSE:AEM)
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Agnico-Eagle Mines explores, develops, and produces gold in the United States, Mexico, Canada, and Finland.
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Agnico-Eagle Mines explores, develops, and produces gold in the United States, Mexico, Canada, and Finland.
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AEM has been punished disproportionately to the failure of their big new mine. They have a history of overcoming problems and growing bigger and stronger. Since they've totally written off their failed mine, but still own the property, things can't really get any worse there, but they could get better. For instance, equipment from the mine can be used to upgrade other mines and reduce future purchases. Meanwhile, I'm sure they're working on a new plan to safely get that gold out of the ground some day down the road a ways.