Agnico-Eagle -- ein ganz solider Goldgräber (Seite 37)

[volafan]

Ich habe verkauft, ein gutes Unternehmen,aber der Markt sieht es anders.

[Fuenfvorzwoelf]

Konnte bei dem Schlusskurs nicht widerstehen und hab nochmal ne Schippe draufgelegt. 😂

[pickuru]

Agnico Eagle CEO sees another strong quarter on production and cost control

https://www.bnnbloomberg.ca/video/agnico-eagle-ceo-sees-anot…

[volafan]

Agnico Eagle Mines: Another Strong Quarter Across The Board

Der Kommentar ist positiv. M.E. ein sehr solides Unternehmen.


Taylor Dart
25.69K Followers
Summary

Agnico Eagle released its Q3 results this week, reporting quarterly production of ~816,800 ounces, a significant increase from the year-ago period following its merger of equals.

Just as important, its cost control was solid, with cash costs coming in at lower levels on a year-over-year basis despite significant inflationary pressures felt sector-wide (fuel, cyanide, steel).

From a development standpoint, Agnico continues to make solid progress across multiple projects, and investors can look forward to first production from Odyssey in March 2023.

With Agnico Eagle being a very profitable and disciplined producer that continues to over-deliver on its promises, I continue to see the stock as a top-3 producer and a Buy on any weakness.

mehr
https://seekingalpha.com/article/4549844-agnico-eagle-mines-…

[Fuenfvorzwoelf]

Antwort auf Beitrag Nr.: 72.646.067 von KMST am 27.10.22 08:15:25

Ölhedges. Okay. Nicht primär die Aufgabe eines Goldproduzenten. Solange sie nicht auf die Idee kommen, Gold zu hedgen. Ich ging schon mal Pleite mit einem der vielversprechendsten Silberproduzenten, weil Bänker wollten, dass die Silberproduktion gehedged wird. Ich habe damit keine guten Erfahrungen gemacht.

Ansonsten schaut es solide aus, nur der Kurs ist absolut grottig. Schaut mir nach nachlegen aus. Mal schauen, wird vielleicht volatil genug.

[KMST]

Solides Quartal meiner Meinung nach - headline eps aber etwas dünn wegen sondereffekten

https://www.juniorminingnetwork.com/junior-miner-news/press-…

https://www.mining-journal.com/gold-and-silver-news/news/144…

die direkte konkurenz hat schon vorläufige zahlen präsentiert. nach diesen lehne ich mich mal aus dem fenster und sage newmont, barrick, newcrest, anglo bringen im vergleich zu agnico grottenschlechte zahlen raus. newcrest hat sogar Q/Q -17% gold gefördert, brucejack wegen unfall geschlossen und steigt heute trotzdem 5%.

meine highlights und hingucker für die nächsten monate

- Pressures related to cost inflation, workforce availability and COVID-19 remained manageable through the third quarter of 2022, but these pressures could be challenging in the coming months

- Fosterville mine – In the third quarter of 2022, step-out drilling returned high-grade results west of the Lower Phoenix zone and identified a new mineralized structure (Cardinal zone) in the hanging wall of Lower Phoenix. Highlight visible-gold intercepts from the Cardinal zone include 365.5 g/t gold over 1.1 metre at 1,682 metres depth; 226.2 g/t gold over 1.4 metres at 1,716 metres depth; and 168.6 g/t gold over 2.9 metres at 1,682 metres depth

- Focus remains on disciplined capital allocation and strong financial flexibility
On July 24, 2022, the Company repaid the $100 million 4.87% Series C senior notes at maturity with available cash. At September 30, 2022, the Company's net debt5 totalled $519.9 million. In the third quarter of 2022, the Company repurchased 999,320 common shares for $42.6 million through its normal course issuer bid ("NCIB"). Under the NCIB, the Company is authorized to purchase up to $500 million of its common shares (up to a maximum of 5% of its issued and outstanding common shares) and year to date approximately $65 million has been purchased

- In the third quarter of 2022, net income was $79.6 million ($0.17 per share). This result includes the following items (net of tax): unrealized mark-to-market losses on foreign exchange and oil hedges of $134.5 million ($0.30 per share), foreign currency translation losses on deferred tax liabilities of $19.6 million ($0.04 per share), non-cash foreign currency translation gains of $7.2 million ($0.02 per share), realized losses on foreign exchange and oil hedges of $6.9 million ($0.02 per share), mark-to-market gains on the Company's investment portfolio of $3.1 million ($0.01 per share), and various other adjustment losses of $5.1 million ($0.02 per share). The unrealized mark-to-market losses on foreign exchange hedges losses are a result of the rapidly appreciating U.S. dollar relative to the Euro, and Canadian and Australian dollars over the last two weeks of the quarter (for additional details see section on the Company's financial flexibility below).
Excluding these items would result in adjusted net income of $235.4 million or $0.52 per share for the third quarter of 2022. For the third quarter of 2021, the Company reported net income of $119.0 million ($0.49 per share).

- Detour Lake Mine – Secondary Crusher Pre-Screen Commissioned on Second Mill Circuit; Exploration Drilling in the West Pit Extension Continues to Return Positive Results; Modelling of Underground Mineral Resources Underway

- Odyssey Project – Shaft Sinking Expected to be Initiated in Early 2023; Underground Development on Schedule, with Initial Production Expected in March 2023; Infill Drilling Continues to Return Positive Results at Odyssey South and East Gouldie; Regional Exploration Continues to Test East Gouldie Extension to the West

- Kirkland Lake Region – Commissioning of Shaft #4 at Macassa Expected to Commence in the Fourth Quarter of 2022; Underground Ramp from Macassa to the AK Deposit Completed; Infill Drilling Ongoing and Progressing as Planned to define AK Mineral Resource Potential by year-end 2022

- 2022 Synergy and Optimization Benefits Ahead of Initial Estimates and Schedule

- Cash and cash equivalents decreased to $821.8 million at September 30, 2022, from the June 30, 2022 balance of $1,006.9 million

- 2022 Guidance Unchanged

[GameOverMan42]

Operativ lief das Quartal eigentlich gut, leider gab es jedoch viele negative Einmaleffekte. Daher ist der Gewinn pro Aktie anstelle von 0.52$ nur bei 0.17$.

Also eher ein durchwachsenes Quartalsergebnis, jedoch mit gutem Ausblick.

[GameOverMan42]

Quartalszahlen:

https://www.newswire.ca/news-releases/agnico-eagle-reports-t…

[volafan]

Bei den Minen verlasse ich mich gerne auf die Analysen von Taylor Dart. Er schreibt bei Seeking Alpha m.E. sehr fundierte Analysen
Silvercrest und Sandstorm Gold gehören u.a. auch zu seinen Favoriten.
https://seekingalpha.com/author/taylor-dart

Taylor Dart, Seeking Alpha, 28. Sep. 2022

Agnico Eagle: A Smart Move To Boost The Pipeline
https://seekingalpha.com/article/4543604-agnico-eagle-a-smar…

Auszug

Valuation

Despite this glowing track record and what looks to be a boost to the medium-term production profile (post-2025) at very attractive margins, Agnico Eagle trades at a massive discount to historical multiples. This is evidenced by the fact that it has historically traded at ~19x cash flow due to its disciplined growth profile, Tier-1 jurisdictions, and industry-leading margins. It currently trades at just ~7.1x FY2023 cash flow estimates, which assumes a $1,680/oz gold price, which I consider a very conservative assumption. Notably, the current multiple is below Q3 2015 levels at the stock's bottom, when gold was below $1,100/oz, and margins were relatively non-existent.

In my view, this valuation disconnect is completely nonsensical and has arguably opened the best buying opportunity in Agnico Eagle in the past decade. This is because the company could easily command a cash flow multiple of 12.0 given its more diversified portfolio, peer-leading growth profile, low jurisdictional risk (Australia, Canada, Finland, Mexico), industry-leading margins, and industry-leading GHG emissions (lowest among peers). However, this cash flow multiple doesn't capture growth waiting to come online, which I've discussed in previous updates, and from a P/NAV multiple perspective, I see a fair value for AEM above US$70.00 per share.

[GameOverMan42]

https://seekingalpha.com/article/4542339-premier-leverage-to…

Summary

Over the past 12 months, Agnico Eagle has morphed into perhaps the top blue-chip pick in the precious metals mining industry.

Today's valuation is at a company record low on trailing results, especially when measured against a richly-priced U.S. stock market.

The dividend yield story is excellent (near 4%), with the possibility of far greater payouts in future years.

Gold appears ready to reverse strongly higher, influenced by a weakening stock market and economy.