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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (120493)5/5/2022 8:16:47 AM
From: Goose94Read Replies (1) of 202372
 
Agnico Eagle Mines (AEM-T) top pick from Brian Madden on BNN.ca Market Call Wed May4th @ 1200ET


Agnico-Eagle is Canada’s second largest gold miner, having recently completed a transformational merger of equals with Kirkland Lake Gold. The shares are almost a pure play on gold, unlike some of the other polymetallic producers, with 2022 planned production of 3.2m ounces comprised 98 per cent of gold and two per cent silver.

The company has paid a dividend every year since 1983 and in February increased their dividend by 14 per cent, such that the shares now yield 2.5 per cent, which is the second highest yield in the mid-to-senior gold miners group and is well above the ten year average dividend yield of 1.5 per cent that the shares have historically offered.

With 12 producing mines in Canada, Finland, Mexico and Australia, single mine concentration risk is low, and political risk is negligible in these mining friendly jurisdictions. The company has a well-deserved reputation among investors for credibility and execution against strategy, as their history of exceeding production guidance in nine of the last nine years and their record of exceeding consensus earnings forecasts in 14 of the last 15 quarters demonstrates.
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