Agnico Eagle Mines (AEM) Valuation Check After Greenlight For Hope Bay Growth Project
Agnico Eagle Mines (AEM) has approved redevelopment of its Hope Bay project in Nunavut, committing US$2.4b to an underground gold mine and a 6,000 tonnes per day processing facility tied to federal Arctic development support. See our latest analysis for Agnico Eagle Mines. The Hope Bay commitment comes as Agnico Eagle’s stock has eased in the short term, with the 30 day share price return down 12.48% and the 90 day share price return down 22.13%. At the same time, the 1 year total shareholder...
Agnico Eagle Mines (AEM) has approved redevelopment of its Hope Bay project in Nunavut, committing US$2.4b to an underground gold mine and a 6,000 tonnes per day processing facility tied to federal Arctic development support. See our latest analysis for Agnico Eagle Mines. The Hope Bay commitment comes as Agnico Eagle’s stock has eased in the short term, with the 30 day share price return down 12.48% and the 90 day share price return down 22.13%. At the same time, the 1 year total shareholder...