Jim Cramer Saw Copper Reaching $100, Yet One Trader Bought the Drop
Jim Cramer mapped a copper rally to $100, then the breakout level collapsed within days. Now one portfolio manager is loading up on the dip and has already named the single event…
Agnico Eagle Mines Limited is a senior Canadian gold mining company that has produced precious metals since 1972. The company operates mines in Canada (LaRonde, Canadian Malartic, Goldex, Detour Lake, Macassa, Meliadine, and Meadowbank), Australia (Fosterville), Finland (Kittila), and Mexico (Pinos Altos), with exploration activities spanning Canada, Europe, Latin America, Australia, and the United States. Agnico Eagle earns substantially all of its revenue from the production and sale of gold in doré bar and concentrate form, with minor by-product revenues from silver, zinc, and copper. The company maintains a long-standing policy of no forward gold sales, providing shareholders with full exposure to gold prices. Agnico Eagle has declared a cash dividend every year since 1983 and operates in jurisdictions it considers politically stable and supportive of the mining industry. The company recently consolidated a significant land package in Finland's Central Lapland Greenstone Belt through the acquisitions of Rupert Resources, Aurion Resources, and the FinGold JV, and has made a positive investment decision on the Hope Bay project in Nunavut, Canada, targeting 400,000–435,000 ounces of annual gold production. Updated
Jim Cramer mapped a copper rally to $100, then the breakout level collapsed within days. Now one portfolio manager is loading up on the dip and has already named the single event…
Agnico Eagle Mines Limited is a senior Canadian gold mining company that has produced precious metals since 1972.