What year and where was Agnico-Eagle formed?
Agnico-Eagle was formed in Canada in 1972 through the merger of Agnico Mines Limited, a prominent silver producer in Cobalt, Ontario, and Eagle Gold Mines Limited, a successful gold exploration company.
back to top
What is Agnico-Eagle’s overall business strategy?
We adhere to a consistent, low-risk strategy for strengthening our gold mining business and creating per share value which is focused on:
- Increasing gold production
- Growing gold reserves
- Acquiring small, thinking big
- Being a low-cost leader
- Maintaining a solid financial profile
back to top
How many people does Agnico-Eagle employ?
Please see our Careers section.
back to top
How much gold does the company have in the ground?
Please see our Reserves and Resources page.
back to top
How much gold will you produce this year?
Please see our Production Forecast summary page.
back to top
What products do you produce?
We produce gold, silver, zinc and copper. In 2010, gold and silver sales are expected to account for approximately 93% of revenues.
back to top
Who are Agnico-Eagle’s customers?
Our customers are bullion banks (or dealers). We reduce counterparty risk by limiting gold sales to bullion dealers that are divisions of major banks.
back to top
How do you sell the gold you produce?
We sell the gold as soon as it is available (we do not inventory gold ounces) at prevailing market prices on the day of the sale.
back to top
What is the company's hedging policy?
Agnico-Eagle does not sell forward any of its gold or silver production. The company participates fully in the upside increase in the price of both of its precious metals, and always has.
back to top
Is Agnico-Eagle in development partnership with another miner on any of its properties?
We own 100% of all of our operations and development stage properties.
back to top