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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)
AEM 160.25-4.4%12:43 PM EST
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To: Yogizuna who wrote (954)6/17/2000 10:34:00 AM
From: Robert J Mullenbach  Read Replies (1) of 1612
 
We have One on AEM and CPI folks, Homework from Teacher,

Must study this ,

gold-eagle.com
XXXXXXXXXXXXX

AEM here,

gold-eagle.com

Agnico-Eagle Mines Limited (AEM-NYSE)is an established, low-cost Canadian gold
producer with more than a quarter century of continuous gold production, and a
long history of paying dividends. The LaRonde Mine is the solid foundation on which
they plan to build a stronger, more diversified gold company. During 1999 the
proven and probable reserve base at LaRonde increased 100% to 3.0 million
ounces. The total gold reserve and resource at LaRonde is now more than 6 million
ounces, making it the largest underground gold mine in Canada today. They are in
the process of expanding production at LaRonde to a daily rate of 5,000 tons of
ore per day. This will result in gold production of over 300,000 ounces of gold at a
cash cost of US$100 per ounce. The cash flow generated by their increased
production rate and low operating costs will be employed to increase their
exploration activities, with a particular emphasis on regional exploration on their
large land position adjacent to LaRonde. This is the best place to look for new gold
mines in Canada today.

Agnico-Eagle looks forward to continuing to provide investors with a company that
has solid mining fundamentals and excellent leverage to rising gold prices. The
company is unhedged.

Yahoo
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