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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (852)	5/14/2000 12:38:00 PM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 1612

With numbers like this, you can bet somebody is looking. The president of the RR I work for, was at a Federal Hearing. The President Of another large RR stated that they did a complete work up takeover, and we never told them. AEM might not even know about it, but somebody has to be looking at numbers like this. With the stock price so low. with assets like this, who knows what could happen. XXXXXXXXXXXXXX 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. XXXXXXXXXXXXXXXXXXXXXXXXXX AWESOME, IMO. and is expected to exceed 300,000 ounces per annum in 2002 at a cash cost of US$115 per ounce.