Agnico Eagle Mines Ltd (AEM)

[Sam Dan]

Here is another positive review of AEM from Canadian source-
"With the appointment of Al-Joundi, Sean Boyd's title will change from President and CEO to Vice-Chairman and CEO.
Agnico Eagle trades at a discount to its peers despite having the highest quality story in the North American gold sector at present. The company recently filed an updated 43-101 compliant report for Meliadine. The report highlighted a 15% ungeared after tax project IRR at $1,400 gold and 80c CAD
(Canaccord Genuity at 14%) and a 10% IRR at $1,150. While perhaps underwhelming on the surface, Lesiak notes that the report utilized only one-third of the current 10.1moz mineral inventory with a mine life of only 8 years. Assuming the mine life can be extended another five years, the IRR at $1,400 gold would increase to 19% or 14% at $1,200 gold. Agnico Eagle will release its Q1/15 results aftermarket on Thursday, April 30, 2015.