Last $33.87 USD
Change Today -0.92 / -2.64%
Volume 1.6M
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As of 6:40 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

agnico eagle mines ltd (AEM) Snapshot

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07/29/14 - $42.41
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agnico eagle mines ltd (AEM) Details

Agnico Eagle Mines Limited is engaged in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as for silver, copper, zinc, and lead. The company’s flagship property includes the LaRonde mine, which comprises a 100% owned LaRonde property that consists of 36 contiguous mining claims and 1 provincial mining lease covering in total of 1,047.4 hectares; El Coco property, which includes 22 contiguous mining claims and 1 provincial mining lease covering in total of 356.7 hectares; and Terrex property that comprises 21 mining claims covering in total of 424.4 hectares, as well as 3 surface rights leases covering in total of approximately 303.6 hectares in Northwestern Quebec. As of December 31, 2013, the LaRonde mine’s estimated proven and probable mineral reserves included approximately 3.9 million ounces of gold. It has exploration activities in Canada, Europe, Latin America, and the United States. The company was founded in 1953 and is headquartered in Toronto, Canada.

4,259 Employees
Last Reported Date: 03/26/14
Founded in 1953

agnico eagle mines ltd (AEM) Top Compensated Officers

Vice Chairman, Chief Executive Officer and Pr...
Total Annual Compensation: C$1.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$520.0K
Senior Vice President of Exploration
Total Annual Compensation: C$460.0K
Senior Vice-President of Business Strategy an...
Total Annual Compensation: C$450.0K
Senior Vice President of Legal, General Couns...
Total Annual Compensation: C$450.0K
Compensation as of Fiscal Year 2013.

agnico eagle mines ltd (AEM) Key Developments

Agnico Eagle Mines Limited Provides Update on Summer 2014 Exploration Activities at the New IVR Project, Nunavut

Agnico Eagle Mines Limited provided an update on its summer 2014 exploration activities at the new IVR project, located 50 kilometres northwest of the eadowbank mine in Nunavut. Highlights include: Continuing expansion of IVR discovery - Exploration drilling in July and August has expanded the scope of the mineralization at the IVR property, which has now reached four zones. Since the beginning of the project a total of 102 drill holes (18,702 metres) have been completed (2013-2014). In the R zone, the best intercept in this period was 5.6 grams per tonne gold (capped) over 12.8 metres estimated true width including 11.7 g/t gold (capped) over 4.6 metres. New Whale Tail zone discovery - The best intercepts from this period in the Whale Tail zone include 5.5 g/t gold (capped) over 19.8 metres estimated true width including 7.1 g/t gold (capped) over 9.6 metres estimated true width, 8.1 g/t gold (capped) over 21.6 metres estimated true width including 27.3 g/t gold (capped) over 4.5 metres and 7.2 g/t gold (capped) over 7.5 metres estimated true width at 289 metres vertical depth. Gold-bearing boulders discovered - A 600 metre long boulder field containing large blocks of quartz vein material (locally with sulphides and visible gold) has been located approximately 3.5 kilometres west of the main IVR area. A drill rig has been mobilized to test this target area. Second phase of drilling is underway - An estimated 20,000 metre drill program is expected to be completed by mid-September. IVR Project - 2014 Drilling Expands New Mineralized Zones: The 408-square-kilometre IVR property is located within Inuit Owned Land and a 100% interest was acquired in April 2013 subject to a mineral exploration agreement with Nunavut Tunngavik Incorporated. The property is located approximately 50 kilometres northwest of the Meadowbank mine in Nunavut. Agnico Eagle's recent work has revealed the potential for multiple mineralized zones within a 2-kilometre-wide northeast-southwest corridor that can be traced along strike for at least 10 kilometres. Based on the current information, all four structures are open in all directions including at depth. Exploration drilling in July and August 2014 on the IVR property has resulted in significant expansion of the Whale Tail zone, which is now recognized over a strike length of more than 1,000 metres (and remains open in all directions), and the discovery of boulders containing visible gold at more than 3.5 kilometres west of the current drilling area.

Agnico Eagle Mines Limited Presents at 4th Annual Euro Pacific Capital Global Investment Conference, Sep-09-2014 03:00 PM

Agnico Eagle Mines Limited Presents at 4th Annual Euro Pacific Capital Global Investment Conference, Sep-09-2014 03:00 PM. Venue: Sofitel Hotel, 45 W 44th St., Midtown Manhattan, New York, New York, United States. Speakers: David Wong, Manager, Investor Relations.

Agnico Eagle Mines Limited Releases Updated Mineral Reserves and Resources for its Canadian Malartic Mine

Agnico Eagle Mines Limited released updated mineral reserves and resources for its 50%-owned Canadian Malartic mine. The mineral reserves and resources set out in this news release reflect the aggregate of Agnico Eagle and Yamana's 50% interests in the Canadian Malartic mine. Proven and probable in-pit mineral reserves are 8.9 million ounces of gold based on a $1,300 per ounce engineered pit design, a cut-off grade between 0.28 g/t and 0.35 g/t gold, and CAD/USD exchange rate of 1.10. The addition of the 5% royalty payable to Osisko Gold Royalties Ltd. increased the highest cut-off grade to approximately 0.35 g/t gold from 0.33 g/t gold. This represents a decrease of about 60,000 ounces to the reserve base from previous estimates published by Osisko. A $100 per ounce decline in the gold price would reduce the reserves by approximately 3.3% or 310,000 ounces. Tonnage amounts and contained metal amounts presented in this table have been rounded to the nearest million, so aggregate amounts may differ from column totals. Mineral reserves are a subset of mineral resources. The assumptions used for the June 15, 2014 mineral reserves and resources estimates at the Canadian Malartic mine reported by Agnico Eagle in the above tables were $1,300 per ounce gold, a cut-off grade between 0.28 g/t and 0.35 g/t gold (depending on the deposit) and a CAD/USD exchange rate of 1.10.


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