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Agnico Eagle Mines Ltd

www: www.agnico-eagle.com   email: info@agnico-eagle.com
Category: Major
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Symbol Currency
NYSE:AEM USD
TSE:AEM CAD

Description

Agnico Eagle Mines Ltd are a gold focused major with twelve producing mines in Australia, Canada, Finland and Mexico, two mines in development in Canada and exploration properties. They have approximately 131Moz. of gold in the reserves and resources category of which 98Moz. are in the measured and indicated category. They have a market capitalisation of ~$42250.36M which is a rise of roughly 34% over the last five months. As of 07/31/2024 they have ~$1,450M debt and ~$922M cash. They have 498M shares outstanding and trade on the New York Stock Exchange and the Toronto Stock Exchange.

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General Details

Financial 04/08/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $31,496.00M $42,250.36M 04/08/2024 $10,754.36M
Total Assets: $23,000.00M $23,000.00M 04/08/2024 $0.00M
Total Liabilities: $7,100.00M $7,100.00M 04/08/2024 $0.00M
Current Assets: $2,000.00M $2,000.00M 04/08/2024 $0.00M
Current Liabilities: $1,100.00M $1,100.00M 04/08/2024 $0.00M
Total Debt: $1,700.00M $1,450.00M 07/31/2024 $-250.00M
Cash: $339.00M $922.00M 07/31/2024 $583.00M
Enterprise Value: $32,857.00M $42,778.36M 08/04/3325 $9,921.36M
Cash Flow: $3,179.68M $3,509.82M never $330.14M
Cash Flow Multiple: 9.91 12.04 never 2.13
Net Debt to
Cash Flow Ratio:		 0.43 0.15 never -0.28
Finance within 1 year: 04/08/2024 n/a
Misc 04/08/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 498,001,333 498,001,333 04/08/2024 0
Shares (FD): 508,000,000 508,000,000 04/08/2024 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a 2.5% 07/31/2024 2.5%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 04/08/2024 n/a
Production (Gold Eq Oz.): (guess) 
3,400,000		 (guess) 
3,400,000		 04/08/2024 0
Production (Silver Eq Oz.): (guess) 
286,424,242		 (guess) 
283,769,231		 04/08/2024 -2,655,012
Initial CapEx (Outstanding): n/a n/a 04/08/2024 n/a
Funding Option: n/a n/a 04/08/2024 n/a
Documentation: none PRODUCER 07/31/2024 n/a
Future MCap Modifier: 0.3
Producer: Elite Quality
 0.3
Producer: Elite Quality
 04/24/2023 0
Cash Flow Multiplier: 18 18 03/31/2024 0.00

Resource Data

GOLD 04/08/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 54.00M 54.00M 04/08/2024 0.00M
Measured & Indicated: 98.00M 98.00M 04/08/2024 0.00M
Inferred: 33.00M 33.00M 04/08/2024 0.00M
Reserves & Resources: 131.00M 131.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 48.60M 48.60M 04/08/2024 0.00M
Measured & Indicated: 80.28M 80.28M 04/08/2024 0.00M
Inferred: 14.85M 14.85M 04/08/2024 0.00M
Reserves & Resources: 95.13M 95.13M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
3,400,000oz.		 (guess) 
3,400,000oz.		 04/08/2024 0oz.
Cash Cost: $900 $900 04/08/2024 $0.00
Extra Operating Cost: $500 $650 07/31/2024 $150.00
Total: $1,400 $1,550 07/31/2024 $150.00
Margin (Free Cash Flow): $935 (40%) $1,032 (40%) $97.10
G
R
A
D
E		 Underground (Avg): 15.00 g/t 15.00 g/t 04/08/2024 n/a
Open Pit (Avg): n/a 1.00 g/t 03/18/2024 1.00 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 07/31/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 80.00M 80.00M 04/08/2024 0.00M
Annual Production: 3,800,000oz. 3,800,000oz. 04/08/2024 0oz.
Cash Cost: $1,000 $1,000 04/08/2024 $0
Extra Operating Cost: $500 $650 07/31/2024 $150
SILVER 04/08/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 04/08/2024 0.00M
Measured & Indicated: n/a n/a 04/08/2024 0.00M
Inferred: n/a n/a 04/08/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 04/08/2024 0.00M
Measured & Indicated: n/a n/a 04/08/2024 0.00M
Inferred: n/a n/a 04/08/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 04/08/2024 $0.00
Extra Operating Cost: n/a n/a 04/08/2024 $0.00
Total: n/a n/a 04/08/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 04/08/2024 n/a
Open Pit (Avg): n/a n/a 04/09/2023 n/a
Recovery Rate: n/a n/a 04/08/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 04/08/2024 0.00M
Annual Production: n/a n/a 04/08/2024 n/a
Cash Cost: n/a n/a 04/08/2024 n/a
Extra Operating Cost: n/a n/a 04/08/2024 n/a

Property

Last Analysis Data  (04/08/2024)
Stage Name Owned Au Ag Cu Notes
Prod Fosterville 100% show
(update) As of 2023:

Gold reserves
2,018,000 oz

2022 production guidance
400,000 oz gold

2022 total cash costs guidance
$385/oz gold

Mine life
2033

Was:
Open pit - Currently producing 100,000 oz
Prod Canadian Malarctic 100% show
Large operating gold mine.
Prod Detour Lake 100% show
Production began in 2013. Ramping up to 650,000 oz.

20 million oz and growing.

(update) As of 2023:

Gold reserves
15,034,000 oz

2022 production guidance
715,000 oz gold

2022 total cash costs guidance
$645/oz gold

Mine life
2042
Prod Goldex 100% show
(update) As of 2023:

Gold reserves
998,000 oz

2022 production guidance
135,000 oz gold

2022 total cash costs guidance
$776/oz gold

Mine life
2030
Prod LaRonde Complex 100% show
Comprised of the LaRonde mine and the LaRonde Zone 5 mine (“LZ5”)

As of 2023:

Gold reserves
3,802,000 oz

2022 production guidance
380,000 oz gold

2022 total cash costs guidance
$641/oz gold

Mine life
2032
Prod Macassa 100% show
5 million oz deposit
High grade 15 gpt
200,000 oz per year

(Update) As of 2023:

Gold reserves
1,856,000 oz

2022 production guidance
180,000 oz gold

2022 total cash costs guidance
$718/oz gold

Mine life
2029
Prod Meadowbank Complex 100% show
As of 2023:

Gold reserves
2,595,000 oz

2022 production guidance
347,500 oz gold

2022 total cash costs guidance
$1,186/oz gold

Mine life
2027
Prod Meliadine 100% show
As of 2023:

Gold reserves
3,653,000 oz

2022 production guidance
370,000 oz gold

2022 total cash costs guidance
$852/oz gold

Mine life
2032
Dev Odyssee 100% show
Development transition project of Canadian Malarctic to underground mine.

Contains 2.35 million ounces of gold in Indicated Mineral Resources and 13.15 million ounces of gold, as of December, 2021
Dev Wasamac 100% n/a
Exp Hope Bay 100% show
6 million oz and growing.

3 years to permit and complete feasibility study.

334 Capex is funded.

Production in 2017.
Exp Monument Bay 100% show
Getting close to a PEA.

3 million oz deposit at 1.2 gpt.
Exp North Madsen 100% show
1.3 million oz open pit near surface.
Exp Anza 50% show
50/50 Joint Venture with Newmont Corp. to explore the 200-sq.-km Anza gold project located 50 km west of Medellin in Colombia's Mid-Cauca belt. Anza is under option from Orosur Mining Inc.
Prod Kittila 100% show
As of 2023:

Gold reserves
3,794,000 oz

2022 production guidance
242,500 oz gold

2022 total cash costs guidance
$833/oz gold

Mine life
2034
Exp Kuotko 100% n/a
Prod La India 100% show
As of 2023:

Gold reserves
157,000 oz

2022 production guidance
82,500 oz gold

2022 total cash costs guidance
$1,003/oz gold

Mine life
2024
Prod Pinos Altos open pit 100% show
As of 2023:

10% of ore reported for Pinos Altos (see underground description) is coming from the Reyna de Plata open pit
Prod Pinos Altos underground 100% show
As of 2023:

Gold reserves
757,000 oz

2022 production guidance
127,500 oz gold

2022 total cash costs guidance
$900/oz gold

Mine life
2027
Exp El Barqueno 100% show
Early exploration. Very large property. Large high grade mineralization of high grade veins. Strike of about 900 hectars or 2200 acres.
Exp Morelos Sur 100% show
Early exploration. Looks like a very big deposit.

La Magnentita deposit looks big. No drilling yet, but potentially 1200 acres of mineralization.
Exp Delta 100% n/a
Total Land Package Size (ha): 329,700  
Current Data
Stage Name Owned Au Ag Cu Notes
Prod Fosterville 100% show
(update) As of 2023:

Gold reserves
2,018,000 oz

2022 production guidance
400,000 oz gold

2022 total cash costs guidance
$385/oz gold

Mine life
2033

Was:
Open pit - Currently producing 100,000 oz
Prod Canadian Malarctic 100% show
Large operating gold mine.
Prod Detour Lake 100% show
Production began in 2013. Ramping up to 650,000 oz.

20 million oz and growing.

(update) As of 2023:

Gold reserves
15,034,000 oz

2022 production guidance
715,000 oz gold

2022 total cash costs guidance
$645/oz gold

Mine life
2042
Prod Goldex 100% show
(update) As of 2023:

Gold reserves
998,000 oz

2022 production guidance
135,000 oz gold

2022 total cash costs guidance
$776/oz gold

Mine life
2030
Prod LaRonde Complex 100% show
Comprised of the LaRonde mine and the LaRonde Zone 5 mine (“LZ5”)

As of 2023:

Gold reserves
3,802,000 oz

2022 production guidance
380,000 oz gold

2022 total cash costs guidance
$641/oz gold

Mine life
2032
Prod Macassa 100% show
5 million oz deposit
High grade 15 gpt
200,000 oz per year

(Update) As of 2023:

Gold reserves
1,856,000 oz

2022 production guidance
180,000 oz gold

2022 total cash costs guidance
$718/oz gold

Mine life
2029
Prod Meadowbank Complex 100% show
As of 2023:

Gold reserves
2,595,000 oz

2022 production guidance
347,500 oz gold

2022 total cash costs guidance
$1,186/oz gold

Mine life
2027
Prod Meliadine 100% show
As of 2023:

Gold reserves
3,653,000 oz

2022 production guidance
370,000 oz gold

2022 total cash costs guidance
$852/oz gold

Mine life
2032
Dev Odyssee 100% show
Development transition project of Canadian Malarctic to underground mine.

Contains 2.35 million ounces of gold in Indicated Mineral Resources and 13.15 million ounces of gold, as of December, 2021
Dev Wasamac 100% n/a
Exp Hope Bay 100% show
6 million oz and growing.

3 years to permit and complete feasibility study.

334 Capex is funded.

Production in 2017.
Exp Monument Bay 100% show
Getting close to a PEA.

3 million oz deposit at 1.2 gpt.
Exp North Madsen 100% show
1.3 million oz open pit near surface.
Exp Anza 50% show
50/50 Joint Venture with Newmont Corp. to explore the 200-sq.-km Anza gold project located 50 km west of Medellin in Colombia's Mid-Cauca belt. Anza is under option from Orosur Mining Inc.
Prod Kittila 100% show
As of 2023:

Gold reserves
3,794,000 oz

2022 production guidance
242,500 oz gold

2022 total cash costs guidance
$833/oz gold

Mine life
2034
Exp Kuotko 100% n/a
Prod La India 100% show
As of 2023:

Gold reserves
157,000 oz

2022 production guidance
82,500 oz gold

2022 total cash costs guidance
$1,003/oz gold

Mine life
2024
Prod Pinos Altos open pit 100% show
As of 2023:

10% of ore reported for Pinos Altos (see underground description) is coming from the Reyna de Plata open pit
Prod Pinos Altos underground 100% show
As of 2023:

Gold reserves
757,000 oz

2022 production guidance
127,500 oz gold

2022 total cash costs guidance
$900/oz gold

Mine life
2027
Exp El Barqueno 100% show
Early exploration. Very large property. Large high grade mineralization of high grade veins. Strike of about 900 hectars or 2200 acres.
Exp Morelos Sur 100% show
Early exploration. Looks like a very big deposit.

La Magnentita deposit looks big. No drilling yet, but potentially 1200 acres of mineralization.
Exp Delta 100% n/a
Total Land Package Size (ha): 329,700  

Profitability (by resource)

Proven &
Probable		 04/08/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 54.00M 54.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -42.17M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 48.60M 48.60M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -37.95M
Maximum Profit (Gold): $45,450.72M $50,169.78M n/a $4,719.06M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $45,450.72M $50,169.78M n/a $4,719.06M
Max Profit / Current MCap: 1.443 1.187 n/a -0.256
Max Profit Per Share (Gold): $89.47 $98.76 n/a $9.29
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $89.47 $98.76 n/a $9.29
Total Free Profit Per Share: $27.47 $15.59 n/a $-11.88
FD MCap / Gold Eq.: $648.07 $869.35 n/a $221.28
FD MCap / Silver Eq.: $7.69 $10.42 n/a $2.72
FD MCap / Per Metal
as % Spot Price:		 27.75% 33.67% n/a 5.91%
Measured &
Indicated		 04/08/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 98.00M 98.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -76.53M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 80.28M 80.28M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -62.69M
Maximum Profit (Gold): $75,077.86M $82,873.04M n/a $7,795.19M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $75,077.86M $82,873.04M n/a $7,795.19M
Max Profit / Current MCap: 2.384 1.961 n/a -0.422
Max Profit Per Share (Gold): $147.79 $163.14 n/a $15.34
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $147.79 $163.14 n/a $15.34
Total Free Profit Per Share: $85.79 $79.97 n/a $-5.83
FD MCap / Gold Eq.: $392.33 $526.29 n/a $133.96
FD MCap / Silver Eq.: $4.66 $6.31 n/a $1.65
FD MCap / Per Metal
as % Spot Price:		 16.80% 20.38% n/a 3.58%

Reserves &
Resources		 04/08/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 131.00M 131.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -102.30M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 95.13M 95.13M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -74.29M
Maximum Profit (Gold): $88,965.58M $98,202.70M n/a $9,237.12M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $88,965.58M $98,202.70M n/a $9,237.12M
Max Profit / Current MCap: 2.825 2.324 n/a -0.500
Max Profit Per Share (Gold): $175.13 $193.31 n/a $18.18
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $175.13 $193.31 n/a $18.18
Total Free Profit Per Share: $113.13 $110.14 n/a $-2.99
FD MCap / Gold Eq.: $331.08 $444.13 n/a $113.05
FD MCap / Silver Eq.: $3.93 $5.32 n/a $1.39
FD MCap / Per Metal
as % Spot Price:		 14.18% 17.20% n/a 3.02%

Future Valuation (Cash Flow & Totals)

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