{"id":2551,"date":"2013-06-20T11:28:56","date_gmt":"2013-06-20T15:28:56","guid":{"rendered":"http:\/\/www.juniorminingnews.com\/?p=2551"},"modified":"2013-06-20T11:28:56","modified_gmt":"2013-06-20T15:28:56","slug":"agnico-deals-as-gold-miners-sell-assets","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=2551","title":{"rendered":"Agnico deals as gold miners sell assets"},"content":{"rendered":"

By Liezel Hill<\/strong>
\nBloomberg<\/em><\/p>\n

\"\"
Sean Boyd<\/figcaption><\/figure>\n

Agnico Eagle Mines Ltd. (AEM), one of Canada\u2019s oldest gold producers, will consider entering joint ventures for the first time and buying mines already in operation.<\/p>\n

Agnico may also expand into new countries as it loosens the acquisition criteria it\u2019s stuck to for decades, Chief Executive Officer Sean Boyd said in an interview at Bloomberg\u2019s Toronto office. What Boyd won\u2019t change is his vow not to \u201cbet the company\u201d on any single deal, he said.<\/p>\n

“We\u2019re not changing the general strategy, we\u2019re changing the tactics,\u201d the CEO said. \u201cWe\u2019re broadening our horizon.\u201d<\/p>\n

Agnico, based in Toronto, has the highest price-to-book ratio of seven Canadian gold producers bigger than $2 billion, according to data compiled by Bloomberg. The company trades at 1.47 times book value, compared with an average of 0.95 times for the group, indicating the market values the company\u2019s net assets, including its LaRonde mine in Quebec, higher than any other miner in Canada. Agnico has a market capitalization of C$5.29 billion ($5.19 billion) and had 2012 sales of $1.92 billion.<\/p>\n

Continue reading . . .<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Agnico Eagle Mines Ltd. (AEM), one of Canada\u2019s oldest gold producers, will consider entering joint ventures for the first time and buying mines already in operation.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2551"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2551"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2551\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}