Retaining Agnico Eagle's Valuation at USD 53 Per Share; Shares Remain Undervalued

Agnico Eagle is the world’s third-largest gold miner by production, operating mines in Canada, Mexico, Finland, and Australia, reflecting the company’s focus on lower-risk jurisdictions. Its five cornerstone assets each produce roughly 300,000-700,000 ounces of gold annually, consisting of Detour Lake, Canadian Malartic, Meadowbank, Meliadine, and Fosterville. Four of the five are in Canada. These mines accounted for around two thirds of the company’s production of 3.1 million ounces of gold in 2022, with the company also producing minor amounts of copper, zinc, and silver. Agnico Eagle had about 15 years of gold reserves at end 2022.