Jul 29, 2009

Great News From a Favorite ( In CCC Portfolio)

Agnico-Eagle Mines reported excellent 2 quarter results in all dimensions of their operations. The Following published via Agnico's Investor Relations:

2nd Quarter Production : 119K - Gold equivalent ounces - Up 76% Y/Y
Declining Cash Costs: $326/oz - Among Best in Class
Highlights: Lapa & Kittila - Projects Commenced May 1 - with Pinos Altos and Meadowbank set to commence production Q3 2009 and Q1 2010 - Both On Schedule
Goldex-expansion expected Internal rate of return 75% (Amazing)

Worth Noting - Capital Expenditures will top out this year (2009) - Thus Free Cash Flow Growth will increase even faster than their exponential growth for 2010-2012.

More Earnings and Production Commentary Coming Over The Next Two Weeks: Yamana Gold , Silver Wheaton , Lihir Gold & Many More. Also Nufarm CCC favorite is now in talks to be aquired ( more to come on that as well).

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