Agnico-Eagle Mines

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Agnico-Eagle Mines Limited (TSX: AEM, NYSE: AEM) is a Toronto based gold mining company, with current gold production located at the LaRonde and Goldex mines in Quebec. The company has further projects located in Canada, Kittilä in Finland and Pinos Altos in Mexico. They have a policy of remaining unhedged.

On February 14 2007, Agnico-Eagle Mines announced the purchase of Cumberland Resources, a gold mining company developing the Meadowbank project ın Nunavut, Canada. As of December 31 2007, AEM's proven and probable gold reserves were 16.6 million ounces and annual production 230,000 ounces. AEM estimate their gold production will be 350,000 ounces in 2008, 680,000 ounces in 2009 and 1.4 million ounces in 2011 [1].

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