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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)
AEM 167.68+0.7%3:59 PM EST
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To: Yogizuna who wrote (818)4/11/2000 12:13:00 AM
From: Robert J Mullenbach  Read Replies (1) of 1612
 
Agnico-Eagle's gold production is budgeted to increase in 2000 to 174,000 ounces at a cash cost of US$168 per ounce. The
increase in budgeted production is attributable to the completion of shaft sinking at LaRonde's Shaft No. 3 and the planned
changeover to production in this shaft by the end of June, 2000. As a result, much of the production forecast for 2000 will occur in
the second half of the year. Production in the first half of 2000 will continue to be characterized by lower grade ore from the
nearly depleted ore zones at Shaft No. 1 and Shaft No. 2. However, the LaRonde mill is expected to operate at an average annual
rate of 3,900 tons per day in 2000, with a rate of up to 5,000 tons per day by the end of the year when the mill expansion is
completed. The full benefits of the expansion to 5,000 tons per day are not expected to be realized until 2001 when much of the
initial development of the lower gold-rich portion of Zone 20 North is completed. Gold production is expected to reach 221,000
ounces in 2001 at a cash cost of US$133 per ounce and is expected to exceed 300,000 ounces per annum in 2002 at a cash cost of
US$115 per ounce.

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Looks like the Big time days are not to far off.

maybe one should just shoot the Moon Here.
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