AllAnalyst Report
logoMorningstarMarch 18, 2024

Agnico Eagle Mines Limited: Mined Commodities Are Essential to the Economy, but Moats Are Rare

Symbols
AEM
Sector(s)
Basic Materials
Rating
Current Price
$65.52
Fair Value
Economic Moat
Stewardship
Summary

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Upgrade