Agnico Eagle Mines Ltd (AEM)

[NYBob]

From Eric Sprotts talk today he expects q4 earnings for KL to be out next week or soon after.

He was generally positive on their prospects but expressed concern as to wether the fires near Melbourne would have any affect on them.

I don't think they would as the fires are mostly being reported in an area called Gippsland which is east of Melbourne while the Fosteville mine is mostly North and slighly west of Melbourne. The distance is about 5-6 hours drive. Of course there could be some things such as reduced manpower gone to help or supply disruptions caused but I don't think there will be any major problems as I've not heard of any fires near Fosterville or Bendigo.Assuming they are on track it should be another good quarter as they are into mining the Swan Zone and probably wanted to get as much good ore through as possible before the new Victoria State taxes start on Jan. 1 2020.

The price of gold was pretty good being in the $1400 range through most of the quarter.

Anyone have any guesses as to production or earnings for Fosterville and Macasssa ?
by westcoast sth

https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-1320

Happy New Year